The Insurance and Private Pension Regulatory and Supervisory Agency (SEDDK) yesterday published the "Special Risks Management Centre (SRMC) Working Procedures and Principles Regulation" in the Official Gazette, which has thus entered into force.
The first General Insurance Industry Stress Test (GIIST) by the Reserve Bank of New Zealand (RBNZ) has highlighted the insurance industry's reliance on offshore reinsurance.
Mr Rafat Basim Faris has been named CEO of Lloyd's broker Fenchurch Faris with effect from 22 October 2021.
Close to half (43%) of Singapore IT leaders say they are not 'fully confident' in their ability to respond to data, malware phishing, supply chain, ransomware, cloud, IoT and application attacks.
Recognising the importance of environmental, social and governance (ESG) issues to global business and the pivotal role that risk managers will have in helping to address the climate crisis, the Institute of Risk Management (IRM) has published a guidance report focused solely on climate change for risk managers.
Not enough global companies are giving the desired attention to the human rights risks they are exposed to, in countries where they have operations or in commercial hubs according to global risk and strategic consulting company Verisk Maplecroft.
Global credit rating agency Fitch Ratings expects more stringent capital requirements on assets in light of the upcoming revised regulatory regime under the second phase of China Risk-Oriented Solvency System (C-ROSS).
Two actuaries have developed a skill and capability checklist to help Australian insurers and banks appoint directors with the right qualifications to prevent misconduct uncovered by the recent Hayne Royal Commission.
The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) plans to increase its capital by 50% to boost its solvency and leverage business expansion opportunities.
Australian Reinsurance Pool Corporation has announced excellent performance operationally and financially during 2020-21, according to its annual report.