Climate CAT events such as flooding, heat waves and drought have worsened more than half of the hundreds of known infectious diseases such as malaria, hantavirus, cholera and even anthrax according to a new research study.
The latest figures indicate that the Arctic, the planet's northernmost region, is warming four times faster than the Earth as a whole.
Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organisations worldwide, will collectively receive approximately $300m in a first-of-its-kind 'resilience credit,' providing them with additional means to invest in climate resilience solutions.
Most businesses are either still not buying cyber insurance cover or if they do buy, it is not enough to cover last year's median ransom demand according to a new survey by BlackBerry and Corvus Insurance.
Climate change and resultant excessive heat may increase the mortality rate by six times by the end of the century according to a new modelling study.
Many global reinsurance companies have shifted their business mix into casualty and specialty primary lines where pricing movement is still positive, according to a new AM Best report.
More than 20% of global executives are of the opinion that blockchain technology is all hype. A new survey by data and analytics company GlobalData has revealed that out of seven upcoming but leading technologies, blockchain was most widely believed to lack any real industry use-cases by business executives.
Cyber attacks are increasingly rapidly, from malware, data theft, distributed denial of service, to ransomware where device and data access are traded for financial gains. Of all the cyber threats, ransomware attacks are very damaging as businesses can be locked out of their own data, if current data backups are not religiously carried out.
Small businesses with greater levels of racial and ethnic diversity are more likely to have changed their business approach during the pandemic than less diverse businesses.
Future underwriters must become skilled statisticians, engineers and technologically literate if insurance is to meet the needs of consumers and businesses according to a new report by the Underwriting New Generation Group (2021) of the Chartered Insurance Institute (CII).