Clients, in addition to financial protection, now look to their insurers to provide them with more risk insight, risk management-related services and flexible cover that serve the changing needs of businesses better.
California wildfires caused more than $4bn in commercial property losses for insurers in three of the past four years according to a new report by AM Best. The new report 'Weather Conditions Portend Another Destructive Year of Wildfire Losses' examines the worsening severity and frequency of wildfire events in California. It expects that 2021 fire losses could be even greater.
The pathway to tackle climate change is clear - reduce CO2 emissions on a priority and then any unavoidable emissions need to be removed from the atmosphere and stored permanently according to a new report by Swiss Re Institute.
The latest Global Cyber Security Index (GCI) from the UN International Telecommunication Union (ITU) shows a growing commitment around the world to tackle and reduce cyber security threats.
The pandemic's impact is beginning to spin off into new areas of risk according to a group of French risk managers. As part of Risk Frontiers Europe 2021 survey, the risk managers said political risks are already on the rise as the likelihood of political change grows.
The Shenzhen subsidiary of Ping An Property Insurance and the Bank of China branch in Shenzhen have issued the country's first "digital yuan insurance policy".
The Capital Market Authority (CMA) will start to implement induction programmes at the end of this month for the Sultanate's electronic health insurance system, called Dhamani.
MSIG Insurance (Hong Kong) has seen a significant increase in customers using its EASY Claims online platform to submit claims during the COVID-19 pandemic.
Australia's general insurer major IAG will spin off its bespoke workforce management app, Attune, in a joint venture with Terem Technologies.
Pool Re, Britain's terrorism reinsurer, has launched Re:New, an expert advisory group founded to explore how to protect the UK economy from systemic risks.