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  • German Chamber of Commerce supports risk-based approach to flood risk

    The German Chamber of Industry and Commerce (DIHK) has called on regional and national authorities to show flexibility and agility to help with the reconstruction process following the recent catastrophic flooding.

    Asia Risk | 15 Sep 2021
  • Weather-related disasters cause more damage but fewer deaths

    Climate change and increasingly extreme weather events have caused a surge in natural disasters over the past 50 years disproportionately impacting poorer countries according to a new report by the World Meteorological Organization (WMO) and UN Office for Disaster Risk Reduction (UNDRR).

    Asia Risk | 15 Sep 2021
  • IT security spending in Asia Pacific likely to grow 14% in 2021

    Spending on security solutions and services in Asia Pacific, excluding Japan, is expected to grow at 14% in 2021 according to the latest International Data Corporation (IDC) Worldwide Semi-annual Security Spending Guide.

    Asia Risk | 15 Sep 2021
  • Bots make up nearly two-thirds of internet traffic

    Bots make up nearly two-thirds of internet traffic, with bad bots making up nearly 40% of all traffic, according to a report by cyber security firm Barracuda. E-commerce applications and login portals were the most common targets of advanced persistent bots.

    Asia Risk | 15 Sep 2021
  • Attempted cyber intrusions up 60% in 2021

    There has been a significant rise in adversary cyber activity, both in volume and velocity. Adversaries are accelerating targeted attacks on critical networks, with a significant rise in attempted intrusions witnessed in 2021 according to a report by cybersecurity firm CrowdStrike.

    Asia Risk | 15 Sep 2021
  • Asia Pacific: Region hosts 15 of global top 250 MGAs, MGUs and cover-holder groups

    Among the top 250 MGAs, MGUs and cover-holder groups globally, only 15 are located in the Asia-Pacific region or Australasia, according to a ranking carried out by Insuramore, which is a provider of marketing services and related consultancy with a primary focus on the insurance sector.

    Asia | 15 Sep 2021
  • UK: Younger owners are helping small businesses bounce back

    Younger business owners have been able to respond particularly strongly to the challenges posed by the pandemic while the oldest decision makers (55-64 age group) faced on average a 29% decrease in turnover according to a new report by AXA UK.

    AIRPlus | 14 Sep 2021
  • (Re)insurance industry continues to demonstrate resilience in challenging market

    The convergence of tangible and intangible challenges facing the (re)insurance industry is creating one of the most dynamic and potentially volatile environments in recent market history, yet (re)insurers continue to demonstrate their resilience through their ability to adapt and respond. This is according to panellists at a recent virtual media briefing, Moving Forward, hosted by Guy Carpenter, late last week.

    AIRPlus | 13 Sep 2021
  • Global: Non-life premiums expected to exceed US$7tn in 2022 for the first time - Swiss Re

    Swiss Re expects insurance market premium growth to continue, driven by increased exposures, risk awareness and evolving client needs. Non-life insurance premiums are expected to be 10% higher than the pre-COVID-19 level by the end of 2021, reaching $6.9tn, and surpass $7tn in 2022 for the first time ever.

    Asia | 13 Sep 2021
  • Global: Cargo insurance sector improves in 2020, outlook cloudy for 2021

    The International Union of Marine Insurance (IUMI) has reported an increase in the 2020 cargo insurance premium base (from 2019) of 5.9% to $17.2bn alongside an improvement in overall loss ratios.

    Asia | 10 Sep 2021

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