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  • Marine insurers enjoy another positive year of growth

    Global marine insurance premiums in 2021 reached $33bn, up 6.4% on 2020, according to the International Union of Marine Insurers' (IUMI) latest stats report. Premiums have been lifted by increased global trade volumes, a stronger US dollar, increased offshore activity, higher vessel values and a reaction to deteriorating results in previous years. Insurers in Europe and Asia, in particular, saw premium growth.

    AIRPlus | 05 Dec 2022
  • New guidelines for AI and discrimination in insurance

    While AI promises faster and smarter decision making, safeguards are needed to prevent potential discrimination according to the Australian Human Rights Commission (AHRC) and the Actuaries Institute of Australia.

    AIRPlus | 02 Dec 2022
  • Reinsurance: Market conditions made uncertain by positive and negative factors

    AM Best has maintained its market segment outlook for the global reinsurance segment at 'Stable', citing the presence of highly uncertain market conditions with positive and negative factors offsetting one another.

    Asia | 01 Dec 2022
  • Reinsurance: Profits for 9M2022 boosted by continued double-digit premium growth

    The financial results of 25 reinsurance companies covered in Gallagher Re's data set remained strong on a nine-month basis, with an average combined ratio of 96.9%, up modestly from 95.5% from 9M2021, driven by more favourable performance in the first half of 2022.

    Asia | 01 Dec 2022
  • Rapidly melting glaciers release unknown bacteria into water ecosystems

    Fast-melting glaciers are releasing staggering amounts of unknown bacteria into rivers and streams, which could transform icy ecosystems according to new research.

    Asia Risk | 30 Nov 2022
  • Risks to democratic processes are increasing significantly

    One third of countries across the world have seen risks to their democratic processes increase significantly during the past five years, with corporates operating in poorly ranked countries facing ESG and supply chain threats according to Verisk Maplecroft democratic governance ondex (DGI).

    Asia Risk | 30 Nov 2022
  • Majority make use of their cyber insurance

    A majority of organisations (80%) have had to use their cyber insurance and more than 50% have used it more than once according to a new analysis by Delinea.

    Asia Risk | 30 Nov 2022
  • Cyber criminals are getting more 'innovative'

    The cyber threat landscape has reached a new level of commercialisation and convenience for would-be attackers, with nearly all barriers to entry for committing cyber crime removed through the expansion of cyber crime-as-a-service according to Sophos' 2023 Threat Report.

    Asia Risk | 30 Nov 2022
  • Property reinsurance premiums expected to increase by over 10% in Jan 2023

    Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, Fitch Ratings says.

    Asia | 25 Nov 2022
  • Descartes Underwriting hires chief revenue officer

    Descartes Underwriting has appointed Mr Louis Bollaert as chief revenue officer who will oversee expanding Descartes' corporate offering to climate-exposed markets globally. As the company reaches advanced stages of new product development, he will also manage the roll-out of expanded product lines and customer segments.

    People | 24 Nov 2022


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