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  • As cyber threats rise, financial firms need better safeguards

    Cyber security is a threat to financial stability and regulators and supervisors must act now to strengthen the prudential framework according to a recent survey of 51 countries by International Monetary Fund (IMF).

    Asia Risk | 21 Feb 2024
  • Clarity needed for businesses to achieve greenhouse gas mitigation

    Despite efforts to mitigate the effects of climate change, companies are not set up for success due to conflicting national and sectorial targets and differing availability of abatement options according to a new study.

    Asia Risk | 21 Feb 2024
  • Cyber risk predictions for 2024

    While as anticipated, fraudulent instruction incidents were down 15% for the year 2023, however, business email compromise (BEC) was up 18% year over year across industries, returning to levels seen in 2020 and 2021 according to a new report on cyber trends for 2024 by specialty insurer Beazley.

    Asia Risk | 21 Feb 2024
  • Heatwaves milder but deadlier in long term

    The most extreme heatwaves have the greatest short-term impact on mortality, but it is the mildest ones that claim most victims over time because they are more common according to a study conducted in India.

    Asia Risk | 21 Feb 2024
  • Increasing air pollution may spur risk of suicides

    Heavy air pollution from traffic, factories, coal-fired power plants and home heating can increase the risk of suicide according to a new study.

    Asia Risk | 21 Feb 2024
  • Overhunting and habitat loss put migratory animals in peril

    Migratory animals that cross national borders and frequently congregate at predictable way stops, are uniquely vulnerable to human predation, pollution and habitat loss according to a new report by the UN.

    Asia Risk | 21 Feb 2024
  • One in five people have considered committing insurance fraud

    One-in-five respondents in a survey said they had at least considered committing insurance fraud. Half of these said they had gone through with their plans, while 30% of respondents said they knew someone who had at least considered committing insurance fraud.

    Asia Risk | 21 Feb 2024
  • Reinsurance: S&P expects Swiss Re to produce even better financial results in 2024

    Global reinsurance giant Swiss Re's financial results for 2023 demonstrate the group's continuing performance improvement, said S&P Global Ratings (S&P) in a commentary yesterday.

    Asia | 20 Feb 2024
  • Reinsurance: Casualty renewals see modest price changes despite heightened risks

    Reinsurers generally maintained adequate capacity for casualty programmes during the January reinsurance renewal season, despite concerns about social inflation and recent reserve strengthening actions, according to AM Best.

    Asia | 20 Feb 2024
  • Reinsurance: Swiss Re's net income surges by 580% to US$3.2bn

    Zurich-headquartered Swiss Re has reported a net income of $3.214bn and an ROE of 22.3% for the full year 2023, compared with a net income of $472m and an ROE of 2.6% in 2022, according to statements released by the global reinsurance giant.

    Asia | 19 Feb 2024

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