Turk Reasurans (Turk Re) has introduced its Catastrophic Modelling Platform-CATMOD which is planned to be put into use in 2023 renewals.
Although many in the insurance industry are predicting positive growth in Australia over the coming year, many issues that defined 2021 remain front of mind for 2022, with some of them also part of global insurance trends, states the legal services firm Sparke Helmore Lawyers which is a member of the Global Insurance Law Connect (GILC), an alliance of insurance law firms spanning four continents.
Around four in five (81%) of regional high-net-worth (HNW) investors in the Middle East say that they already take sustainability and ESG into account when making investment decisions, according to a survey commissioned by the Geneva-headquartered global wealth and asset management firm Lombard Odier.
Ping An Insurance (Group) Company of China has announced that it has helped to develop China's first ESG disclosure standards, the "Guidance for Enterprise ESG Disclosure".
One in 25 Australian properties will be effectively uninsurable by 2030 due to rising risks of extreme weather and climate change according to a new analysis by the Climate Council of Australia.
Ping An Insurance (Group) Company of China recently announced the launch of its ChinaBond Ping An Life Insurance ESG Integration Strategy Credit Bond Index.
The greatest share of economic losses due to natural disasters is borne by the Asia-Pacific region and the countries in these two continents lose on an average 1.3% of GDP to disasters each year according to a new report published by the United Nations.
By 2070 climate change will cause thousands of new viruses to spread among animal species and this is likely to increase the risk of emerging infectious diseases jumping from animals to humans.
The Insurance Council of Australia (ICA) yesterday provided updated data on the storms and floods that impacted South-East Queensland and coastal New South Wales in February and March, showing that the event is estimated to be Australia's costliest flood ever.
The New Zealand Government has launched a draft National Adaptation Plan, aiming to help communities adapt to the unavoidable impacts of climate change. It is seeking public feedback on the draft plan.