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  • Insurance platform raises $15m for expansion

    No-code SAAS insurance platform CoverGo has raised $15m funding for global expansion and adoption of its no-code insurance platform.

    AIRPlus | 12 May 2022
  • Australia: One in 25 homes could be uninsurable by 2030

    One in 25 Australian properties will be effectively uninsurable by 2030 due to rising risks of extreme weather and climate change according to a new analysis by the Climate Council of Australia.

    Asia Risk | 11 May 2022
  • Global: Impact of climate change on offshore energy and shipping industry

    The global offshore energy and shipping sectors are under greater than expected threat from climate change as extreme weather becomes more commonplace, according to a new report by the speciality (re)insurance group Chaucer.

    Asia Risk | 11 May 2022
  • Global: Fraud attempts decreased by 22% from Q1 2021 to Q1 2022

    The global digital fraud rate decreased in the first quarter of 2022 with suspected online fraud attempts declining by 22.6% from the first quarter of 2021 according to TransUnion's quarterly digital fraud analysis.

    Asia Risk | 11 May 2022
  • Global: Size of ransoms from cyber attacks soar in 2021

    The average ransom paid in ransomware attacks in 2021 increased fivefold as compared to 2020 according to the annual survey the State of Ransomware 2022 by cyber security firm Sophos.

    Asia Risk | 11 May 2022
  • Global: Policy and culture can increase risk of boardroom liability

    Adapting to remote working due to the pandemic and the subsequent sudden shift in culture and business practices, particularly the employee/employer relationship dynamic, has presented new challenges to boardroom decision making.

    Asia Risk | 11 May 2022
  • Eleven InsurTechs join the eighth cohort of Lloyd's lab

    Eleven InsurTechs have joined the eighth cohort of Lloyd's lab programme. This global programme brings together InsurTechs, insurers and brokers to test out new, innovative solutions and create insurance products to address the issues and challenges facing the Lloyd's market.

    Asia Risk | 11 May 2022
  • Positive safety trend in international shipping continued in 2021

    The international shipping industry continued its long-term positive safety trend in 2021 but Russia president Vladimir Putin's invasion of Ukraine, the growing number of costly issues involving larger vessels, crew and port congestion challenges resulting from the shipping boom, and managing decarbonisation targets, means there is no room for complacency according to marine insurer Allianz Global Corporate & Specialty's (AGCS) Safety & Shipping Review 2022 released in May 2022.

    AIRPlus | 11 May 2022
  • Reinsurance: Munich Re posts resilient 1Q results despite receiving first Russia-Ukraine claims

    The world's largest reinsurer Munich Re Group has reported a first-quarter profit of EUR608m ($640m) for 1Q2022 compared to EUR589m for the corresponding quarter in 2021.

    Asia | 11 May 2022
  • US: Majority of homeowners are underinsured

    The majority of US homeowners that have homeowner insurance policies have not taken steps to ensure that their insurance coverage is keeping pace with rising inflation and increased building costs.

    AIRPlus | 10 May 2022


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