The Insurance Council of Australia (ICA) has released the third edition of its "Climate Change Roadmap", which includes member survey results showing that 85% of respondents have set net-zero targets by 2050, with 50% aiming for 2030 operational net-zero targets.
The International Association of Insurance Supervisors (IAIS) has adopted the first comprehensive global capital standard for insurance supervision, the Insurance Capital Standard (ICS), providing a risk-based measure of capital adequacy for internationally active insurance groups (IAIGs).
The National Insurance Commission (NAICOM) has highlighted the need for the boards of insurance companies to embed robust Governance, Risk, and Compliance (GRC) frameworks in their companies' operations.
The East African insurance sector, still dominated by non-life insurance, has been on a rising trajectory, despite macroeconomic and geopolitical challenges in the region, says the global professional services firm, Deloitte.
Chedid Capital, a leading investment group in the insurance and reinsurance industry, has announced the appointment of Mr James Illingworth as an independent non-executive director of Milestone Risk Solutions in the United Kingdom and a Strategic Committee member at Momentum Insurance.
Tunis Re is moving towards a structured and ethical ESG approach, with particular attention paid to the social and environmental issues of its operations, as well as to the company's social responsibility initiatives, according to Mr Mustapha Kotrane, head of the technical division of the reinsurer.
One of the things clients expect when working with insurance brokers such are diverse teams "that collaborate and work well together", according to WTW head of inclusion and diversity Jen Denby.
The Thai General Insurance Association (TGIA) will soon publish a manual containing ESG guidelines to promote sustainable business practices among general insurers.
The attitudes of high-net-worth individuals (HNWI) have changed over the past few years, driven by economic and social changes, with many of the younger generation putting an increased focus on ESG and sustainable investing. Asia Insurance Review spoke to Transamerica Life Bermuda's Jeremy Young on how the market has changed and how it has affected their business.
Several major challenges will influence China's climate action in the next five years, according to the findings of an in-depth investigation of China's climate-related policies, politics, governance, and international relations.