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  • 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
  • Singapore International Reinsurance Conference to be an all in-person event this year

    The Singapore Reinsurers' Association (SRA) has announced that this year's 19th Singapore International Reinsurance Conference (SIRC) will be an all in-person event following the overwhelming success of last year's in-person event, which drew a record attendance of over 2,200 delegates from 62 countries.

    Middle East | 29 May 2023
  • Self-driving cars must learn the language of cyclists

    Future generations of self-driving cars should learn the language of cyclists to help them safely share the roads according to new research from University of Glasgow.

    AIRPlus | 25 May 2023
  • Most 'sustainable' funds to fall short

    Only 4% of 'sustainable' investment funds would automatically comply with the labelling and naming rules for disclosures set by major regulatory regimes according to technology platform Clarity AI.

    AIRPlus | 25 May 2023
  • Containers lost at sea falls to record low

    Containers lost overboard at sea registered a welcome record low during 2022. The annual survey by World Shipping Council (WSC) recorded a loss of total 661 containers out of the 250m transported during the year. This was the lowest figure of containers lost since 2008 when the survey began.

    AIRPlus | 25 May 2023

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