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.
People in China should prepare for compounded climate-related events in the country, warned Dr Zhou Bing, the chief expert at the National Climate Centre (NCC), has warned.
Lloyd's of London coverholder, Kita, has announced its expansion to Singapore and Switzerland, in addition to existing coverage for buyers/investors domiciled in the UK, USA and Canada.
InsurTech, green insurance, inclusive insurance, and digital insurance will be the priorities for most insurers in the coming years, according to Ms Joanna Wong, Deloitte China Insurance Sector leader.
The Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) has agreed on three key initiatives to capture financing and investment opportunities from the Asia-Pacific Region's low-carbon transition.
The Insurance Association of China (IAC) has released its "Guidelines for Environmental, Social and Governance Information Disclosure by Insurance Institutions".