Lebanon's (re)insurers have experienced extremely high levels of operational risk, though reinsurance has largely protected their balance sheets from the Beirut Blast two years ago, says AM Best which has released a market segment report today, the second anniversary of the devastating Beirut Port explosions.
Beazley's latest risk and resilience research into geopolitical risk shows that events so far this year have significantly altered business leaders' perceptions of the risks they face and their resilience to those risks, which has fallen dramatically since 2021.
While the impact of the pandemic and conduct risk remains high on the risk agenda for insurers, the gross losses in operational risk are continuing to fall according to the latest ORX annual loss reporting figures.
Commitment on climate policy in the emerging world is strongest in countries most vulnerable to the impacts of global warming and in those with effective governments but weakest in those reliant on fossil-fuel income according to a new analysis by Oxford Analytica and WTW.
Demand for insurance against political violence remains muted in Kenya ahead of the General Election in August, underwriters say.
Globally 100m people were forced to flee their homes in 2021 due to violence, human rights abuses, food insecurity, the climate crisis, war in Ukraine and other emergencies according to a new UN report.
Businesses should prepare for a rise in civil unrest as the cost-of-living crisis follows hard on the heels of the COVID pandemic, according to a new report by Allianz Global Corporate & Specialty (AGCS) .
The government has allocated ZAR22bn ($1.4bn) for the South African Special Risk Insurance Association (Sasria) in the current financial year to assist the insurer in settling claims and guaranteeing that it has adequate capital to fulfil regulatory requirements.
The market for private Islamic credit and political risk insurance (CPRI) is very much a work in progress, says Jeddah-headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) in its latest quarterly newsletter.
African specialist underwriting agency, Neema Insurance Managing Agency, in collaboration with ASR Re, has launched a new Political Violence Terrorism (PVT) reinsurance solution, according to a Reuters report.