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  • A Possible Solution to the Soaring Old-Age Dependency Ratio?

    This article is in no way trying to minimize the medical and financial horrors inflicted around the world by the COVID-19 pandemic. But before most of the world ever heard of a coronavirus or COVID-19, there was a different global crisis, albeit less immediate than the current pandemic, says Ronnie Klein, Executive Director of Bermuda International Long Term Insurers and Reinsurers (BILTIR), which represents Bermuda's life and annuity sectors. He shares his insights in this article.

    Agents | 25 May 2020
  • British insurance giant projects $195m in COVID-19 claims for GI business

    Aviva estimates that its non-life COVID-19 related claims would amount to GBP160m ($195m) net of reinsurance, based on analysis as at 30 April.

    Asia | 22 May 2020
  • US: AM Best expects more mortgage reinsurance losses

    With mortgage delinquency rates expected to dramatically increase due to COVID-19 pandemic-related loan forbearance and job loss, AM Best has explored the spillover effect into the mortgage-related activities of the reinsurance industry.

    Asia | 22 May 2020
  • US insurer donates $1m to COVID-19 relief

    Philadelphia Insurance Companies (PHLY) has pledged $1m to organisations and community relief funds leading response and recovery efforts for those affected by the coronavirus pandemic. The contribution will go to organisations across the country addressing food and economic insecurity and those delivering critical medical and social services.

    Asia | 22 May 2020
  • Many Asian nations show enough resilience to recover from the pandemic - FM Global

    According to the recently released 2020 FM Global Resilience Index, several nations in Asia Pacific are well-positioned to foster a post-pandemic business recovery, due to having a solid foundation for resilience.

    AIRPlus | 20 May 2020
  • Employees experiencing higher levels of stress due to COVID-19

    A new report Navigating Together: Supporting Employee Well-Being in Uncertain Times by MetLife says 67% of employees are experiencing higher levels of stress due to COVID-19 and work and finance are their biggest concerns.

    Asia Risk | 20 May 2020
  • COVID-19: Asian Development Bank says economic impact could reach $8.8tn

    The global economy could suffer between $5.8tn and $8.8tn in losses-equivalent to 6.4% to 9.7% of global gross domestic product (GDP)-as a result of the coronavirus pandemic.

    Asia Risk | 20 May 2020
  • Risk managers brace for lengthy global recession

    Risk managers said that a prolonged global recession as the biggest risk to their businesses in the next 18 months, according to a World Economic Forum report.

    Asia Risk | 20 May 2020
  • RIMS launches risk management advisory program

    To further support the world's risk management community, RIMS launched Ask a Peer, a professional advisory program that links highly qualified, recognized and RIMS-vetted risk management leaders with professionals seeking support and guidance.

    Asia Risk | 20 May 2020
  • COVID-19 leads to negative outlook for global reinsurers

    Pandemic-related losses combined with volatile capital markets and lower investment returns mean that 2020 is expected to be a difficult year for global reinsurers.

    Asia | 19 May 2020


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