These are the highlights for events and updates across the insurance industry this week.
There is no doubt that artificial intelligence is taking the world by storm and disrupting markets. Insurers are increasingly tapping into its potential across the value chain to boost operational efficiency and customer experience. But AI's remarkable efficiency has come with equally substantial energy usage. Can insurers harness AI's potential to make efficiency gains powerful enough to match the energy demands of the technology?
The South Korean government plans to launch a climate insurance cover for citizens in collaboration with the country's insurance industry in 2026.
The Government of Indonesia, UNDP and Swiss Re have come together to setup a Marine Biodiversity Trust to create insurance solutions for coral reef protection and restoration in Indonesia.
Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has achieved the prestigious (p) 'AAA' ESG rating from MSCI ESG Research-the highest possible rating under MSCI's globally recognised environmental, social, and governance (ESG) framework.
The Thai insurance regulator Office of the Insurance Commissioner (OIC) recently organised the third edition of the super curriculum course for budding insurance leaders for the country's insurance industry.
Investors are encouraged to evaluate their portfolio exposure to deforestation and linked human rights abuses, phase out deforestation and forest conversion risks by 2030, actively engage with companies, asset managers, and policymakers, and disclose their actions, risks, and progress using measurable data.
African Reinsurance Corporation (Africa Re) and the United Nations International Children's Emergency Fund (UNICEF) have signed an agreement to support climate change education and the development of green skills.
Escalating climate shocks are deepening an insurance crisis that threatens both social resilience and financial stability-shifting unaffordable risks onto people while exposing the limits of an insurance system under intensifying strain according to the 'Insure Our Future' campaign.
A new report explores seven key sectors and technologies to understand their transition trajectory to net zero and identify the main challenges and risks they will face. The new report, developed by Marsh McLennan in partnership with the Sustainable Markets Initiative Insurance Task Force (SMI ITF) says the insurance industry has an important role to play in shaping the path to net zero.