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Climate change supercharge devastating South Asian floods
A trio of tropical cyclones battered the region from Sri Lanka to...
Swiss Re and RIQ partner to advance risk transfer powered by data and AI
Swiss Re's Group Chief Executive Officer Andreas Berger said,"This...
COVID-19 eliminated a decade of progress in global level of life expectancy: WHO
Between 2019 and 2021, global life expectancy dropped by 1.8 years to 71.4 years (back to the level of 2012). Similarly, global healthy life expectancy dropped by 1.5 years to 61.9 years in 2021 (back to the level of 2012) Geneva: The latest edition of the World...
South Asia faces extreme weather with heatwave in India, cyclone in Bangladesh
Extreme temperatures throughout Asia last month were made worse most likely as a result of human-driven climate change, a team of international scientists said. India's summer temperatures often peak in May, but scientists have predicted more heatwave days than usual...
Global carbon pricing revenues top a record $100 billion: World Bank
World Bank report findings show large middle-income countries including Brazil, India, Chile, Colombia, and Türkiye are making strides in carbon pricing implementation. While traditional sectors like power and industry continue to dominate, carbon pricing is...
Air Turbulence: Flights leaving Tokyo dominate roughest long-haul services list
Strong turbulence is produced when air streams traveling at significantly different speeds come together. This is typically encountered at the boundaries of jet streams, over mountains and in certain cloud storms, according to the turbli website The deadly turbulence...
Travel insurance policies “will likely” cover injuries sustained by aircraft turbulence: ABI
Under the Montreal Convention, Singapore Airlines is liable for accidents, which can include turbulence, on international flights regardless of whether the airline was negligent, according to U.S. aviation lawyers Travel insurance policies “will likely” cover injuries...
Earnix highlights the potential of synthetic data in specialty insurance
The increasing demand for data in specialty insurance has prompted underwriters and brokers to begin harnessing synthetic data to supplement existing datasets, improving risk assessment efficiency. This is because synthetic data offers solutions to several key...
Marsh’s Alex Rosati to join as Asian claim head of WTW for its Corporate Risk & Broking business
Alex Rosati In his role with WTW, Alex will focus on all aspects of the firm’s claims proposition, including the development and execution of WTW’s claims management strategy across Asia Singapore: WTW, a global advisory, broking and solutions company, today announced...
Canopius announces Andy Haste as Group Chairman
He has deep insurance expertise; his former roles include group chief executive of RSA Insurance Group, and CEO at AxA Sun Life, as well as serving as senior independent director and deputy Chairman of Lloyd’s for nine years, between 2012 and 2021 London: Canopius, a...
Health sector most at risk from AI-related threats, Swiss Re
Christoph Nabholz, Chief Research & Sustainability Officer at Swiss Re,said: "While IT services are currently the most affected by AI risks as a pioneer in this area, this is set to change as the use of technology becomes more widespread across all industries,...
Oil shipments at risk from rising sea levels, think tank warns
It said 12 out of the top 15 tanker terminals were expected to be impacted by one meter of sea level rise, including five based in Asia. Up to 42% of global crude oil exports from Saudi Arabia, Russia, the United States and the United Arab Emirates were at risk,...