Marsh, the world's biggest insurance broking group, has established Edgware Re, a group captive insurance company for organisations seeking more control and stability in their cyber insurance programs.
A compilation of worldwide temperatures has revealed that the year 2023 was the warmest year on record and the warmest year at least since the last interglacial period, some 125,000 years ago.
A new partnership will utilise AI and machine learning techniques to offer faster parametric insurance solutions based on precise location-level wind speed data following tropical cyclone landfalls, worldwide.
The severe impacts of climate change are happening at temperatures lower than expected according to a new report from the Institute and Faculty of Actuaries (IFoA) and the University of Exeter.
The number of cyber threats blocked in 2023 showed an increase of over 10% on an annual basis. Also a significant trend observed in 2023 was that the attackers are using more advanced methods to target fewer victims but with the potential for higher financial gains.
Prolonged warm oceanic waters are altering the marine microorganism communities that form the base of the marine food chain according to a new research.
A new climate risk monitor to help clients visualise and understand their exposures to physical climate risk to enable better business decisions has been launched. The monitor has been developed by the global professional services firm Aon.
Large businesses around the world are struggling with their net-zero plans, with barriers including fears of unfair scrutiny of climate efforts and how to address supply chains emissions according to a survey by the Carbon Trust.
The Deloitte Insurance Outlook 2024 indicated that many life insurers are repositioning in order to drive sustained and predictable growth.
The Islamic Financial Services Board (IFSB) has appointed Dr Ghiath Shabsigh as its fourth secretary-general. His appointment was endorsed by the council of the IFSB in 2023. He succeeds Dr Bello Danbatta. In his new role, he will solidify IFSB's role as a standard-setting body.