According to market research, up to $7 trillion will be spent on...
Category:
Articles
Latest
Changing Asian Risks: Increasing Competition,Economic Slowdown and Cyber Threats reshape business landscape
“Cyber Attacks/Data Breach” remains the number one risk across...
Reimagining Insurance:AI set to unlock next $4 billion profit opportunity in India
India’s Insurtech ecosystem is at a sizeable scale, with cumulative...
Future of Forests: France’s wildfires ignite debate on cutting planet-heating emissions
Globally, rising temperatures and land-use change are projected to result in a 50% rise in the number of catastrophic wildfires by 2100, according to the U.N. Environment Programme - and governments around the world are grappling with how best to protect their forests...
Insurtech: Tougher funding environment, but represents a massive $7 trillion opportunity
Insurance is still a strongly underfunded market, especially in areas such as life insurance. Operational efficiency is now a must for insurtechs and insurers. Insurtech startups are enabling operational efficiency through the whole value chain Insurtech has also...
Heat Wave: Rising fatalities just a foretaste of what is to come
McKinsey Global Institute estimates that the lost labor from work in areas exposed to extreme heat, such as construction and agriculture, could put at risk up to 4.5% of India’s GDP by 2030 “Many places that need to have local heat action plans do not have one,” said...
Global protection gap reaches a new high of $1.8 trillion in 2022
`We see the world economy today as in need of a sustained reload in resilience. The value of unprotected risk exposure globally has risen steadily in the past five years. We estimate about 43% of risk globally was unprotected by assets or insurance in 2022, improved...
Read the tea leaves: Climate change taking toll on Darjeeling tea gardens and workers
The changing weather patterns have made it increasingly challenging to harvest even two kilograms per day of high-quality tea leaves, a fraction of the six-seven kilograms per day till 2015 The implications of climate change ripple through every aspect of their lives....
Emerging Risks: From frozen Arctic to hacking AI
Patrick Raaflaub, Swiss Re's Group Chief Risk Officer, said: "The concurrent increases in economic interests, environmental change and geopolitical tensions make the Arctic a hotbed for emerging risks and potential risk accumulation. With SONAR, we aim to proactively...
Mental Health: You’re not alone
Declining mental health is a longer-term trend, and it’s likely work demands have also played a role. Research identifies three main workplace contributors to mental ill-health: imbalanced job design when people have high job demand yet low job control, occupational...
Going Digital: Customising Premiums for Policyholders
Anuj Parekh, Co-founder and CEO,Healthysure How Technology advancements makes it easier to customize plans to an individual’s unique needs and bring down the premiums In a world where digital advancements are constantly reshaping our lives, the Indian insurance...
Buckling up to save lives: UN celebrates five decades of seat belt laws
“The compulsory wearing of safety belts, as well as helmets for two-wheelers, and increased political commitment to road safety, played a decisive role in the reduction of road deaths throughout Europe from the 1970s onwards,” said Jean Todt, UN Special Envoy for Road...
Shipping Safety: Losses hit a record low in 2022, but jump in fires, other challenges
A combination of factors impacting fire risk, ongoing and new threats posed by the ripple effects of the Ukraine conflict, decarbonization challenges, economic uncertainty, as well as the rising cost of marine claims, means the sector still has plenty of obstacles to...