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  • Marine: Insurers publish landmark climate report

    Eight of the world's leading marine insurers have gathered and published client data to track their hull and machinery insurance portfolio's climate impact in a landmark climate report. The goal is to support the industry's green transition.

    Asia | 06 Feb 2023
  • Swiss Re to split reinsurance operations wef 3 April

    Global reinsurance giant yesterday announced plans to streamline its organisational structure by splitting the current Reinsurance Business Unit into P&C Re and L&H Re, with each having full authority over the respective underwriting and claims management processes.

    Asia | 03 Feb 2023
  • Reinsurance: Hannover Re expects group net income to increase to at least US$1.86bn in 2023

    Hannover Re generated a group net income of EUR1.41bn ($1.54bn) in the 2022 financial year (2021: EUR1.23bn), based on preliminary unaudited key figures, the global reinsurer says in a statement. The net results are expected to be higher in 2023.

    Asia | 02 Feb 2023
  • Claims trends and future risks

    Specific drivers will prevail in the insurance industry during 2023 and these will include ESG risks, geopolitics, technology change and claims inflation according to Kennedys, the global law firm in its annual forecast report for the insurance sector.

    AIRPlus | 01 Feb 2023
  • Trauma of extreme weather events affects our brains

    Extreme weather events induce psychological trauma which can have long-term impact on survivors' cognitive functioning according to a new study.

    Asia Risk | 01 Feb 2023
  • Healthcare registers most cyber breaches in 2022

    Healthcare reported the most cyber breaches of all sectors in 2022, overtaking finance to account for 22% of incidents, up from 16% in 2021 according to a data breach outlook report by Kroll.

    Asia Risk | 01 Feb 2023
  • Natural disasters caused $313bn economic loss in 2022

    Climate change driven natural disasters caused global economic losses of $313bn in 2022, according to a new report by insurance broker Aon. Less than half of these losses were insured.

    Asia Risk | 01 Feb 2023
  • More than a third of the Amazon rainforest degraded by human activities

    Ravaged by human disturbances, deforestation, drought and fires, over a third of the Amazon rainforest has been rapidly deteriorating according to two new studies which have raised concerns that the rainforest with a unique ecosystem may be approaching a point of no return.

    Asia Risk | 01 Feb 2023
  • Universities fail to prepare graduates for climate change

    A new ranking table of the top global universities has revealed that these institutions are failing to prepare graduates for a 1.5 degrees Celsius rise future.

    Asia Risk | 01 Feb 2023
  • Reinsurance: Hard market in short-tail lines to prevail throughout 2023

    S&P Global Ratings says that for global reinsurance, it expects the hard market in short-tail lines will continue throughout 2023.

    Asia | 01 Feb 2023


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