The risk that first appeared was geopolitical risk, then energy prices and food market risk appeared. A disrupted shipping route created supply chain risk. Following on its heels was cyber operations risk, and then production and financial risk.
AM Best maintained its stable outlook for Indonesia's non-life insurance market, citing steady economic conditions, expanding premiums and new initiatives designed to fortify the sector's financial health.
Businesses are experiencing rising business interruption losses as concentrated production, fragile supply chains, geopolitical tensions, inflation and growing technology dependencies increase the impact of disruptions.
At a session for the Securities and Exchange Commission of Pakistan (SECP) Talk Series on 'Inclusive Insurance: Global Insights', it was mentioned that Pakistan has significant potential to expand inclusive insurance coverage.
Allianz Insurance Singapore has promoted Ms Ong Bi Ying to the role of CEO.
The fire and explosion at Arabella Plaza Mall in New Cairo's Fifth Settlement, in Egypt, that resulted in three deaths, 11 injuries and material damage, has highlighted the importance of having integrated insurance programmes for facilities that hold large numbers of people, especially malls and shopping centres.
AI has moved from enabling attackers to operating attacks, running live intrusions with minimal human direction, compressing the time defenders have to respond and opening new attack surfaces across an enterprise, even as companies adopt technology at a pace that outstrips that of governance controls.
Lockton has appointed Mr Jeremie Deschamps as Regional Head of Cyber Advisory for Asia; Mr Martin Allain as Head of Wholesale for Lockton Asia's Regional Placement Team; and Mr Michael "Mike" Griffiths as Regional Director, Healthcare, for the company's Professional and Executive Risk and Credit Team. All three are based in Singapore.
DBV Insurance Group Joint Stock Company has been fined VND200m ($7,700) by Vietnam's National Competition Commission for engaging in unfair competition practices.
QBE Insurance Group has announced that Ms Sue Houghton, CEO of Australia Pacific, has advised the company of her intention to retire at the end of 2026.