Central to the package is a lower price cap on Russian oil – a move...
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One in five women in WHO Southeast Asia region covered under health insurance study estimates
Researchers from Health Systems Transformation Platform and...
Air India cockpit recording suggests captain cut fuel to engines before crash, report
India's Aircraft Accident Investigation Bureau (AAIB), which is...
Oneglobal and Floodbase partner to develop parametric flood insurance programs across Asia
Connected through Lloyd's Lab, the two organizations recognized a massive opportunity to marry Floodbase's unmatched historical and near real-time flood data with Oneglobal's re/insurance expertise, leading market presence, and reputation for innovation BROOKLYN, N.Y:...
Hailstorm Claims Risk Undermining Solar Energy, Insurer Says
Insurers are beginning to reduce coverage for solar businesses due to the rising severity of hailstorms according to GCube, which insures more than 100 gigawatts of projects in 40 countries. That has also brought uncertainty to future solar projects, due in part to...
German firms diversify in Asia to reduce China risk – survey
Firms are building supply chains that are independent of China, shifting some operations away from the country and growing markets elsewhere in Asia, according to the survey of 566 companies conducted between Sept. 5 and Oct. 6 Nearly half of German companies...
War risk insurance rates edge up after surge in Red Sea ship attacks
Insurance industry sources said that war risk premiums had stayed firm on Monday at between 0.05% to 0.1% of the value of a ship, from around 0.03% estimated last week before the attacks. This translates into tens of thousands of dollars of additional costs for a...
Aon’s first-of-its-kind collaboration with AfDB and AI startup to catalyze regenerative agriculture in Africa
The collaboration intends to leverage first-of-its-kind, farm-level data produced by Amini that is intended to enable Aon’s support of the African Development Bank’s Africa Climate Risk Insurance Facility for Adaptation to develop innovative de-risking solutions and...
LIC emerges as the 4th largest global life insurer in S&P’s new ranking
Allianz SE, China Life Insurance Co. Ltd. and Nippon Life Insurance Co. are the three largest life insurance companies in the world, said S&P which released its list of top 50 life insurers in the world, ranked by their life and accident & health reserves, one...
Environmental resilience a critical concern for major Asian cities: Tokio Marine & Economist report
Asian cities perform comparatively well in disaster management, with Hong Kong, New Delhi, Shanghai, Singapore and Tokyo scoring high for culture of readiness Bangkok, Dhaka and Jakarta are poorly equipped to respond to flood, while New Delhi and Dubai are...
Markel hires Isaac Meek to lead the cyber portfolio in Middle East and North Africa
Isaac Meek,cyber senior underwriter, Markel In his new post, Meek will work closely with Priyesh Pradhan, Professional and Financial Risk (PFR) Senior Underwriter at Markel India, to drive the growth of Markel’s cyber offering in MENA and the broader Asia-Pacific...
Hillary Clinton at COP28 climate talks calls for insurance reform
Former U.S. Secretary of State Hillary Clinton “We need to rethink the insurance industry,” Former U.S. Secretary of State Hillary Clinton said during a panel on women and climate resiliency. “Insurance companies are pulling out of so many places. They’re not insuring...
Shipping giants want an end date for fossil fuel-only
Shipping is a major source of carbon emissions and the industry spewed more than 1 billion tons in 2018. While the sector is making some moves toward decarbonising, progress is relatively limited so far, with the vast majority of the world’s fleet still running on...