The EU-ASEAN Business Council (EU-ABC), an advocacy organisation representing the interests of European businesses operating in Southeast Asia, has made several recommendations for ASEAN insurance regulators relating to digital access to protection, a growth-oriented regulatory environment, transition towards a low-carbon economy and de-risking green investments.
The Reserve Bank of New Zealand (RBNZ) yesterday released a draft Guidance on how entities can manage climate-related risks within their broader risk management framework. It has launched a consultation on the proposed Guidance.
Increasing ESG risks are likely to result in a spike of claims against directors and drive further increases in insurance costs according to a new report by Mactavish.
Etiqa has become the first insurer in Malaysia to sign on to the United Nations' Principles for Sustainable Insurance (UN PSI) under the UN Environment Programme Finance Initiative (UNEP FI).
The capacity of financial institutions to deal with climate risk is greater today than it was a few years ago as climate and sustainability have become a core part of many organisations' decision-making and work processes.
Most insurers in Malaysia confirm that they have already started to draw up their own processes to include environmental, social and governance (ESG) in their underwriting and investment strategies as well as in their operations, the "Malaysian Insurance Highlights", released last week.
The impact of environmental, social and governance (ESG) considerations on the credit strength of most insurers in the Gulf Cooperation Council (GCC) countries is neutral to low, according to Moody's Investors Service.
The Australian Prudential Regulation Authority (APRA) has said that it would consider how it might strengthen consideration of inclusion and diversity across its regulated industries as part of this year's review of the Prudential Standard on Governance ('CPS 510').
The insurance industry can contribute to the sustainable transition of marine-related business and support conservation of the marine environment. But developing blue insurance in China means first addressing the triple challenges of technology, law, and policy, says Ms Chen Qianming is a researcher at the International Institute of Green Finance, Central University of Finance and Economics, Beijing.
Ping An Property & Casualty Insurance (Ping An P&C) has launched its first ocean carbon sink index insurance policy in the city of Dalian, announced Ping An Insurance (Group) Company of China).