Even if CO2 emissions were to be drastically cut down starting today, the world economy is already committed to an income reduction of 19 % until 2050 due to climate change according to a new study published in scientific journal Nature.
One of Singapore's leading life insurers, AIA Singapore, yesterday launched AIA Wealth Centre, dedicated to serving regional and domestic affluent and high-net-worth (HNW) individuals and families.
Nearly three quarter of insurers are investing in private markets or plan to do so as firms put excess cash to work according to a global survey.
Aon has appointed Mr Rishi Mehra as head of India. In his new role, he will bring capabilities across risk, health, wealth and talent consulting together under a model. The model will bring expertise and solutions to clients across India. He will also be involved in the integration of Global Insurance Brokers.
The Insurance Authority (IA) has been closely monitoring the rise in interest rates that has brought severe volatility which has affected policyholders and the insurance market. The IA says that it has a strong focus on the premium financing business, which is particularly sensitive to changes in interest rates.
Australian Gen Z women are more likely than Gen Z men to feel stressed and overwhelmed by finances and money, according to research released by ASIC's Moneysmart.
A new model released by Lloyd's research and insights platform Futureset estimates the potential five-year global economic impact of the economy slipping into stagnation as $5.2tn.
There is a need for the financial sector, including insurers, to redouble efforts to stimulate savings as inflation continues to eat away at purchasing power, Mr Mohamed Hassan Bensalah, president of the Moroccan Insurance Federation (FMA), has said.
Nearly half of 400 insurance executives participating in a new survey have said their current priorities center on improving profitability rather than growing their businesses.
Enthusiasm among Taiwanese consumers for buying foreign-currency-denominated insurance products has cooled, according to the latest data released by the Financial Supervisory Commission (FSC).