Climate change could make insurance premiums unaffordable, especially for customers exposed to extreme weather events. According to a press report by Reuters, Australia's QBE Insurance Group (QBE.AX) considers climate change a "material risk" for its operations across the globe.
Hackers are exploiting the fears about COVID-19 by sending malicious emails cloaked as warnings about the economic repercussions that could occur as the illness spreads.
Asia Pacific saw the biggest upwards shift in terms of cross border deals in 2019, both inbound and outbound, according to global law firm Clyde & Co.
The coronavirus epidemic creates new risks to the prospects of an incipient stabilisation of global growth this year resulting from a truce in the US-China trade war and emerging signs of a pickup in the industrial sector, says Moody's Investors Service.
Munich Re is seeing growing demand for weather exposure protection from energy companies and their customers as they roll out more renewable energy installations, which are prone to fluctuations, reported Reuters.
Losses to event cancellation insurers are already likely to be more than $100m, although not all event organisers buy epidemic cover, reported Reuters, citing Mr Tim Thornhill, director, sales in entertainment and sport at Lloyd's of London broker Tysers.
B3i Services, a two-year-old company owned by members of the insurance industry, says that 30 contracts of reinsurance have been concluded on its platform, including some of the world's most complex Catastrophe Excess of Loss (XoL) reinsurance treaties.
Sleep and Fatigue Research (Safr) organisation which uses technology to monitor and manage crew fatigue has identified sleepiness and long-term fatigue to be the major factors impacting accidents at sea.
An analysis by the Washington-based World Resources Institute (WRI) has found that with one-meter rise in sea-level, an estimated 80 airports globally would be swamped by 2100.
Climate change and the transition to a low-carbon economy are growing in relevance for global credit markets, Moody's Investors Service says in a report which was released yesterday, that summarises key ESG trends and considerations impacting individual sectors and regions, from its recently published 2020 Outlooks.