Tokio Marine Holdings, through its subsidiary Tokio Marine & Nichido Fire Insurance (TMNF), has sponsored the issuance of a new catastrophe bond called "Kizuna Re III Series 2024-1 Class A Principal At-Risk Notes (Kizuna Re III CAT bonds).
Owners of electric vehicles (EVs) are finding it difficult to renew their motor insurance policies even for cars that are just past a year old. They complain that insurance companies do not give them a price quote but instead refer them to other insurers.
Nearly two thirds of senior business leaders at large UK businesses fear that their companies will face legal action if they miss ESG targets.
Insurers are becoming increasingly concerned about greenwashing as ESG requirements become tougher according to a new global study conducted by Ortec Finance.
The Hong Kong Federation of Insurers (HKFI) has officially rolled out the Insurance Industry Climate Charter (Climate Charter).
The Insurance Federation of Egypt (IFE) is urging insurance companies to implement the sustainability disclosure standards IFRS S1 & S2.
The insurance industry runs the risk of disappearing if it does not adapt to climate change and the ESG agenda according to risk managers.
The insurance sector in Egypt rakes in microinsurance premiums of around EGP377m ($12.2m) annually, according to Mr Alaa El-Zoheiry, president of the Insurance Federation of Egypt (IFE).
CDP, an international environmental NGO, has selected four Asian insurance groups as 'A list' companies, the highest rating in the CDP's Climate Change Assessment, recognising their efforts and information disclosure on climate change.
The Property Insurance Supervision Department of the National Administration of Financial Regulation (NAFR) has issued a notice on the underwriting of new-energy vehicle (NEV) insurance.