The top risks facing the economy strongly reflect the current landscape, namely COVID-19 and its impact on organisations amidst a backdrop of challenging market conditions: Slower vaccine rollouts, delayed infrastructure projects and workforce shortages, according to an Aon report.
Pan-Asian life insurance group, AIA, yesterday announced its commitment to achieving net-zero greenhouse gas (GHG) emissions by 2050. The regional life insurer has also committed to the Science Based Targets initiative (SBTi), a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science.
The COVID-19 pandemic has put risk management into the centre stage and given recognition to self-insurance said speakers at the virtual Asian Captive Conference held recently.
Entering the retirement phase and reaping its various benefits is something that everyone looks forward to experiencing. However, without adequate savings or a strong retirement corpus, enjoying your golden years can be a tad bit hard. Financial preparedness and a thorough understanding of one's requirements are crucial aspects to evaluate during retirement. Here's a quick guide to planning your retirement, ensuring you avoid any financial instabilities during your 'second innings'.
An overwhelming majority (95%) of senior insurance executives believe that climate risk will have a significant impact on portfolio construction and strategic asset allocation, according to Blackrock's 10th Annual Global Insurance Report.
A survey new survey says Singapore's millennials are the new 'sandwich generation', who need financial solutions to accommodate their modern lifestyles with its ever-growing list of commitments.
The Sri Lankan government's proposal to introduce new one-off as well as recurring taxes on companies could constrain the near-term profitability of some insurers in the market.
The Foundation for the Advancement of Life & Insurance Around the world (FALIA), which conducts training programmes, essay competition, and other activities for the development of the life insurance industry in Asia and other countries, celebrated its 50th anniversary in 2020. Although it was postponed for one year due to the COVID-19 pandemic, to mark the occasion, a ceremony to commemorate the anniversary was held online on 9 November this year.
Klook, the travel and leisure booking platform and ZA Tech Global, the technology venture backed by Softbank's Vision Fund 1, in a joint venture will accelerate the availability and accessibility of travel-related insurance to consumers across the globe.
In its endeavour to give back to society, ICICI Lombard General Insurance will offer support for the treatment of underprivileged individuals suffering from critical illness.