About 20% of Mumbai Metropolitan Region's (MMR) coastline is vulnerable to annual flooding during natural disasters and from a gradual rise in the sea level according to a new study.
Singapore has seen nearly 8.5m web threats in 2020, an 82% increase from the 4.6m in 2019, according to the latest research from Kaspersky. Despite this seemingly high number, the nation places sixth in Southeast Asia - the lowest in the region - and 154th globally, when it comes to the dangers associated with surfing the internet.
Indian general insurer ICICI Lombard has launched a 'corporate India risk index' to help companies understand the level of risk that their business is facing. The index will also assist the companies in developing a successful risk-aversion plan.
Global insurer Allianz yesterday announced its consolidated results for the Asia Pacific region for the year ended 31 December 2020, showing that total operating profit for Asia increased by 15.4% (19.0% w/o F/X impact) to EUR551m ($666.4m) compared to 2019.
With the COVID-19 outbreak, life insurers across the globe have witnessed an acceleration of a digitally enabled model of distribution. V. Viswanand, Deputy Managing Director, Max Life Insurance, shares in this article how life insurers can transform into a new-age digital hybrid sales distribution model post COVID-19.
One of the world's largest reinsurers, Hannover Re, increased its premium volume with growth of 4.1% in the Asia Pacific last year while at the same time boosting profitability, according to a statement issued by the reinsurer.
AppMan Company Ltd ("AppMan"), an insurtech SaSS platform in Thailand, has raised a new series A $4.6 Million US Dollars round from Private Equity Trust for SME Growing Together 1 with Siam Alpha Equity (SAE) as its Trust advisor, Krungsri Finnovate, Casmatt, KTBST as well as Poems Ventures, the venture arm of PhillipCapital group.
India witnesses close to 500,000 road accidents every year resulting in over 150,000 deaths, serious injuries and damage to vehicles and insured losses running into millions of dollars. Despite many efforts by the government and various organisations the situation on the ground has not improved much with an average of 53 road accidents happening every hour across the country. A recent World Bank report states that India, with one per cent of the world's vehicles, accounts for 10% of all road crash victims. Building safe infrastructure is one of the major aspects of addressing this issue, the report said.
People across Asia are taking more control of their health and retirement planning, as they look to minimise COVID-19's longer-term impact on their personal wealth and lifestyle habits, according to new research.
The Manulife group of companies operating in Hong Kong and Macau ("Manulife Hong Kong") announced financial results for the fourth quarter and full year of 2020. Despite headwinds from the COVID-19 pandemic, both fourth-quarter and full-year core earnings grew 10% year-on-year to a record high driven by strong execution and momentum of its agency force.