Secondary peril events are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of personal and commercial lines property underwriters, according to a new AM Best commentary.
Economic growth goes down when the number of wet days and days with extreme rainfall go up according to a new study by a team of scientists at Potsdam Institute for Climate Impact Research (PIK).
Extreme weather events claimed 1750 lives in India in 2021. As many as 787 persons (45%) were killed due to lightning and thunderstorms followed by 759 (43%) due to floods, heavy rains and landslides.
Beginning 2022 Bank of England (BoE) will incorporate supervision of climate related financial risks into its core supervisory approach.
Germany's Federal Association of Wholesale, Foreign Trade, Services (BGA) has said that while recent trade figures show a positive trend in German international business, big potential risks lie ahead, particularly in the supply chain.
The last two years 2020 and 2021 and the instability caused by the COVID-19 pandemic, social unrest and the impact of climate change have highlighted how risks facing businesses are becoming increasingly volatile and interconnected according to Aon's 2021 Global Risk Management Survey.
Indian private life insurer, PNB MetLife has launched a 'Glow Green' initiative through which it will plant 40,000 saplings over the next three years in four eco-sensitive areas of the country.
A new report offers a data-driven assessment of flood-related risks on the commercial market in the US.
UK risk management association Airmic has advised members to learn to live with pandemics and not expect things to return to normal anytime soon.
A new study in the US has revealed that economic losses experienced in just a single day from disruptions could range from $8m to $250m depending on the length and severity of the incident.