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  • Global risk experts lean in to drive inclusive insurance

    The International Conference on Inclusive Insurance (ICII) held this week highlighted that while economies in the northern hemisphere slowly begin to recover, many uninsured people in low- and middle-income markets have been hit hard by illness, death, loss of employment or business interruption caused by the COVID-19 pandemic.

    AIRPlus | 28 Oct 2021
  • Insurance needs to change for social good

    A new report, Climate in Peril published by Howden insurance broker analyses a wide range of topics that include the science of climate change, increased loss frequency and severity, the power of insurance in incentivising 'better' behaviours through an ESG lens - alongside the opportunities presented by the transition to net-zero and the innovative use of insurance capital in the disaster relief space.

    Asia Risk | 27 Oct 2021
  • Over a quarter of all critical infrastructure is exposed to flood risk

    Over a quarter (25%) of all critical infrastructure in the US is at risk of becoming inoperable today and almost the same numbers (23%) of all road network (3.22m kms) of the country could become impassable due to floods according to the first ever nationwide community level flood resilience report titled the 3rd National Risk Assessment: Infrastructure on the Brink.

    Asia Risk | 27 Oct 2021
  • COP26 - climate change risk management framework and guidance

    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.

    Asia Risk | 27 Oct 2021
  • Multinationals underestimate the social risks they are exposed to

    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.

    Asia Risk | 27 Oct 2021
  • Insurers face near-term $100bn-plus Nat CAT loss per year

    Nat CAT losses are likely to cost the insurers an average of around $106bn annually in the short term. This compares with $75bn Nat CAT losses a year during the past decade.

    Asia Risk | 27 Oct 2021
  • Bermudian insurer strengthens fossil fuel underwriting and investment policy

    AXIS Capital Holdings, as a part of its commitment to support the transition to a low-carbon economy, has initiated several changes in its fossil fuel underwriting and investment policy related to thermal coal, oil sands and the Arctic National Wildlife Refuge.

    Asia Risk | 27 Oct 2021
  • Equality, diversity and inclusion policies improve workplace culture

    The main aim of insurers' diversity and inclusion programmes is to improve workplace culture according to a new survey conducted by the Chartered Insurance Institute of UK (CII).

    AIRPlus | 26 Oct 2021
  • Global: US$1.5tn capital pool could be deployed to extend insurance protection against climate change -- Howden

    International insurance broker Howden estimates that as much as $1.5tn of total pension fund capital could be deployed in the (re)insurance space to help close the protection gap in poor communities who are facing the starkest effects of climate change.

    Asia | 22 Oct 2021
  • Can insurers handle systemic cyber risk?

    The industry must continue its efforts to address cyber risk better said AIG president and CEO Peter Zaffino, during an Aon fireside chat.

    AIRPlus | 21 Oct 2021

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