Businesses worldwide are rapidly embedding Generative AI (Gen AI) into products, services and internal operations.
Asian countries, that are considering carbon capture and storage (CCS) plan to address fossil fuel emissions could create a "considerable and unnecessary risk" not only to the Paris Agreement, but also to their own economies according to a new report by global science and policy institute Climate Analytics.
The Insurers Federation of Egypt (IFE) has recommended that insurance companies create green products and contribute to financing environmental projects.
According to an annual survey of reinsurance buyers by Moody's Ratings, about 75% of the respondents expect further declines in property reinsurance rates in 2026. The survey found that less than 5% predict prices to remain stable and around 20% expect the prices to increase.
Backed by a regulatory environment that encourages companies to practise environmental, social and governance (ESG), insurers will play an increasingly important role in Singapore's green transition, MSIG Singapore CEO Mack Eng said.
China has enacted a new law to regulate the response to public health emergencies and enhance the country's capacity to address such situations according to news agency Xinhua.
A survey conducted among insurance companies in Japan revealed that insurance premiums for solar power equipment has nearly doubled on average over the past five years, reported the Mainichi Shimbun.
Increasing riots, civil disturbances, political conflicts and public unrest make it important that the property and casualty insurance policies include covers against riots and civil disturbances according to Indonesian financial services regulator Otoritas Jasa Keuangan (OJK).
Insurance Council of Australia (ICA) has proposed that all land use planning should take into account the current and projected extreme weather events and ensure that areas of zero-risk and low-risk are prioritised for future development.
The Nepalese insurance regulator Nepal Insurance Authority has directed all life insurers in the country to organise insurance promotion programmes with practical knowledge at school level.