Most of SMEs in Singapore are not supplementing their digitalisation strategies with adequate protection measures nor tapping into the support available to them according to a new survey conducted by QBE Singapore.
Chubb has announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions. Methane is a by-product of oil and gas production and is one of the most severe greenhouse gases.
Increasing ESG risks are likely to result in a spike of claims against directors and drive further increases in insurance costs according to a new report by Mactavish.
Companies are lagging in tracking supply chain emissions and risk missing forthcoming regulations on nature according to the global non-profit disclosure platform CDP.
Insurers in UK are expected to pay £219m ($268m) in subsidence claims made in 2022, many of which were caused by 2022 summer's record-breaking high temperatures. This would be the highest expected insurance subsidence bill since 2006.
A new report released by AXA XL focuses on the impact of three types of water risks across seven sectors and provides five recommendations for businesses to manage their major water-related risks.
A new phishing tool, EvilProxy, has led to a significant increase in number of business e-mail compromises (BEC). This enables the phishing to bypass most forms of multi-factor authentication (MFA), thus compromising user accounts and ending in attempted payment fraud.
MS Amlin has appointed Dr Jessica Turner as head of risk analytics, effective from 26 June 2023. She joins MS Amlin from Guy Carpenter where she spent over four years as managing director and head of international catastrophe advisory.
The four major European reinsurers, Hannover Re, Munich Re, SCOR and Swiss Re, reported lower earnings for 2022 as high inflation, rising interest rates and climate-related costs led to lower underwriting and investment results, Fitch Ratings says in a new report.
The International Insurance Society (IIS) has named Dr Chang-Jae Shin, MD, the trailblazing chairman and CEO of the Korea-based Kyobo Life Insurance Company, the 2023 Insurance Hall of Fame Laureate.