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  • Fires, shadow tanker fleet and economic uncertainty pose new safety challenges in shipping

    A combination of factors impacting fire risk, ongoing and new threats posed by the ripple effects of the Ukraine conflict, decarbonisation challenges, economic uncertainty, as well as the rising cost of marine claims, means the shipping sector still has plenty of obstacles to navigate over the next 12 months and beyond, according to insurer Allianz Global Corporate & Specialty SE's (AGCS) "Safety & Shipping Review 2023".

    Asia | 06 Jun 2023
  • 1 June property-CAT reinsurance pricing continues to harden

    Global reinsurance broker Howden Tiger has announced continued rate hardening in the reinsurance market, with risk-adjusted property-catastrophe pricing up 33% on average at 1 June, within a typical range of 25% to 40% including important variations by layer.

    Asia | 05 Jun 2023
  • Cyber (re)insurance's greatest challenge lies in attracting sufficient capital

    Despite the recent material inflow of capacity into the market, cyber (re)insurance's greatest challenge lies in attracting sufficient levels of capital, says Gallagher Re, global reinsurance broker, in a newly released white paper.

    Asia | 02 Jun 2023
  • People in emerging digital growth markets are most trusting of AI

    The most AI-trusting people hail from emerging digital growth markets such as India, Indonesia, Philippines, Nigeria, Mexico, and Argentina, according to an analysis by Swiss Re Institute (SRI).

    Asia | 01 Jun 2023
  • Investment in clean energy to eclipse oil production

    Investment in clean energy technologies is significantly surging ahead of the spending on fossil fuels according to a new report by International Energy Agency (IEA).

    Asia Risk | 31 May 2023
  • As attacks surge, organisations refuse to pay ransoms

    Even as ransomware attacks doubled in frequency in the last quarter of 2022 and into the first quarter of 2023, majority of organisations hit by the attacks recovered data and systems without paying a ransom according to the first edition of cyber risk firm Resilience annual report.

    Asia Risk | 31 May 2023
  • Move on banning vague 'green' claims

    The European Council (EC) has adopted a 'negotiating mandate' on the proposed directive to empower consumers for the green transition, which aims at enhancing consumers┬┤ rights by amending the unfair commercial practices directive (UCPD) and the consumer rights directive (CRD).

    Asia Risk | 31 May 2023
  • Electric cars are more harmful

    The manufacturing, use and scrapping of electric cars produces around 15% to 50% more greenhouse gases (GHGs) than hybrid and conventional engine cars according to a new study conducted by the Engine Research Lab of Indian Institute of Technology (IIT) Kanpur.

    Asia Risk | 31 May 2023
  • New net-zero benchmark principles

    The Institutional Investors Group on Climate Change (IIGCC) has released a new report outlining how index providers can enhance net-zero benchmarks.

    Asia Risk | 31 May 2023
  • Reinsurance: SCOR successfully sponsors new CAT bond

    French global reinsurer SCOR has successfully sponsored a new catastrophe bond, Atlas Capital DAC Series 2023-1, which will provide the Group with a multi-year risk transfer capacity of $75m to protect itself against named storms in the US, and earthquakes in the US and Canada, as well as European windstorms.

    Asia | 30 May 2023


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