AXA has declared that it will no longer be writing cyber insurance policies in France that reimburse customers for extortion payments made to ransomware criminals, in what is likely an industry first.
Global insurer, Allianz, has announced that as part of its climate strategy, it would further limit property and casualty insurance and investments for companies with carbon-based business activities.
The global takaful and the funds sector is expected to grow this year although its contribution to the industry remains small, S&P Global Ratings says in a report.
Beginning in 2022 the UK general insurance industry will have a new fraud detection system powered by AI to detect and prevent organised insurance fraud.
Increasing frequency and severity of extreme environmental conditions will test the limits of risk diversification over the coming decade according to a new report by Fitch Ratings.
Almost all the world's glaciers are becoming thinner and losing mass and these changes are picking up pace according to an international research team.
COVID-19 will create fresh supply-chain risks for businesses in 2021 after disrupting the global flow of operations when the pandemic broke in 2020 according to business standards group The British Standards Institution (BSI).
A disproportionate number of homes built in struggling or declining neighbourhoods in England and Wales between 2008 and 2018 will end up in high flood-risk areas due to climate change according to a new study by Grantham Research Institute (GRI).
The pandemic-propelled e-commerce boom could spark a surge in warehouse fires as the demand for storage and distribution spaces rises.
Global commercial insurance prices increased by 18% in the first quarter of 2021 according to the Global Insurance Market Index released by Marsh.