French reinsurer SCOR is strengthening its sustainable actions towards a low-carbon economy within its investment portfolio and became a member of the Net-Zero Asset Owner Alliance on 27 May 2020.
A new report by catastrophe modelling firm Karen Clark & Co., (KCC) has said that the COVID-19 pandemic will make this year's hurricane season, which is expected above-average, even more difficult.
As global warming continues, the climate also continues to change rapidly. A variety of impacts due to climate change are already being felt around the world. The first "Climate Change Starter's Guide" published by the Life Insurance Association of Japan (LIAJ) is a useful starting point for addressing climate change.
Dr Thomas Huang, who has assumed the post of Chairman of the Financial Supervisory Commission (FSC) in Taiwan, cited six areas in which new guidance would be provided by the FSC by the end of August.
Mr Lee Yuan Siong today (1 June) assumed the role of Group Chief Executive and President of AIA Group and joined the Company's Board of Directors. He succeeds Mr Ng Keng Hooi, who has retired from his executive positions with the Company.
Specialist insurer Markel has recently appointed Pek Hui Zhi as terrorism underwriter for Asia.
Price Forbes executive director Alex Gilmore has been appointed chairman of Worldwide Broker Network.
Canopius has announced the appointment of Craig Elliott as Casualty Underwriter for the region, effective May 4. He will report to Claudio Saita, head of Australia & Pacific, and will be based in the company's Sydney office, established last June as part of its expansion across the Asia Pacific region.
Fraud is becoming an increasing concern as most of the staff of majority of organisations are working remotely due to the social distancing and national lock-downs imposed due to coronavirus pandemic.
A positive fallout of the coronavirus pandemic has been the rise in the stature of the chief risk officers. With businesses facing a wide range of threats and challenges to their operations, risk officers are now working with executives and boards of directors to respond to these challenges and threats.