by AIP Online Bureau | Oct 9, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
With more than 80% of the world’s imports and exports – around 11 billion tons of goods – at sea at any given time, the closure of major trade routes due to a geopolitical conflict is one of the greatest threats to the resources needed for a resilient economy London:...
by AIP Online Bureau | Oct 9, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
This new cyber consortium provides comprehensive cover for large corporates with a turnover in excess of $1 billion, infusing $100 million of new capacity into the cyber market London: Beazley, the leading specialty insurer announced the launch of Beazley Quantum on...
by AIP Online Bureau | Oct 9, 2024 | Data, Disaster & Management, Eco/Invest/Demography
The numbers of people protected by pre-arranged finance instruments grew in 2023, with 232 million people protected under pre-arranged financing instruments, a 27% increase from 2022. Coverage remained concentrated in middle-income countries (USD7.8 billion in 2023);...
by AIP Online Bureau | Oct 9, 2024 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits
Worldwide, the average cost of a data breach reached an all-time high in 2024 of $4.9mn. In comparison, the average data breach costs in Japan, South Korea, ASEAN, and India are $4.19mn, $3.62mn, $3.23mn, and $2.35mn respectively, according to IBM’s Cost of a...
by AIP Online Bureau | Oct 9, 2024 | Workplace/Employee Benefits
“Climate change is emerging as a significant risk to the financial system world over. This makes it necessary for regulated entities to undertake robust climate risk assessment, which is sometimes hindered by gaps in high quality climate related data,”...
