by AIP Online Bureau | May 14, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
George Attard, CEO for Reinsurance Solutions for APAC , Aon In the APAC region, the protection gap was much higher with 95 percent of the losses not covered. Increases in population density in coastal areas, wealth and overall exposure to natural hazards in high-risk...
by AIP Online Bureau | May 13, 2025 | Banking & Bancassurance, Climate, Environment, Renewable Energy, International News, Policy, Regulation, Risk Management
The oversight body of the world’s forum for banking regulators met on Monday to take stock of the committee’s work on climate-related financial risks and agreed to prioritize efforts to understand financial risk implications of extreme weather events, the Bank for...
by AIP Online Bureau | May 13, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Reinsurance, Risk Management
“The devastating wildfires in California are another example of how climate change is exacerbating the risks of extreme weather events,” said Hannover Re Chief Executive Clemens Jungsthoefel Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp...
by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology
The civil suits are linked to a 2017 decision by the European Commission to fine Google €2.4 billion for illegally leveraging its search dominance to give its own shopping service an edge Alphabet Inc.’s Google is facing at least €12 billion ($13.3 billion) in damage...
by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
With the granting of the permits to Sberbank Insurance, Ugoria Insurance Group and ASTK Insurance Company, India now recognizes eight Russian entities that are eligible to provide protection and indemnity (P&I) coverage for ships. New Delhi: India has approved...
