The changes aim to better differentiate big corporates from smaller...
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Wildfires and floods cause billion-dollar economic loss in Asia Pacific in the first quarter of 2025: Aon Report
George Attard, CEO for Reinsurance Solutions for APAC , Aon In the...
Global banking regulators agree to prioritise climate risk work
The oversight body of the world’s forum for banking regulators met...
Indonesian families sue drug regulator, govt after children die of kidney disease
Nearly 200 children have died of acute kidney injury in Indonesia this year and authorities have said two ingredients, ethylene glycol and diethyelene glycol, found in some syrup-based paracetamol medications are linked to the illness Awan Puryadi, a lawyer...
WTW appoints William Miller as Head of Crisis Management for APAC
Luke Ware, Head of Corporate Risk & Broking Asia, WTW said: “As geopolitical tensions rise, individuals and businesses are exposed to a wider range of security risks which is why we have expanded our offering to include domains such as Special Crime and high-risk...
Indonesia evacuates villagers as volcano erupts on Java island
There were no immediate reports of any casualties from the eruption of the Semeru volcano and Indonesia's transport ministry said that there was no impact on air travel but notices had been sent to two regional airports for vigilance The volcano's plume of ash reached...
Air pollution hurts Bangladesh GDP as well as health, World Bank says
Air pollution was deemed the second largest risk factor leading to deaths and disability in Bangladesh in 2019, with four out of the top five causes of total deaths being directly associated with its exposure. Dhaka: Bangladesh’s economic losses from ambient air...
France to release 5 bln euros of SDRs to vulnerable countries under G20 programme
The contributions are part of a G20 initiative - led by France and the United States - to reallocate $100 billion worth of SDRs to the world's most vulnerable countries Paris; France will release some 4 billion International Monetary Fund (IMF) Special Drawing Rights...
EU takes ‘first step’ to certify removing CO2 from atmosphere
The EU has committed to cut its net greenhouse gas emissions by 55% by 2030 from 1990 levels, and reach “net zero” emissions by 2050 – meaning that any remaining emissions that cannot be completely cut in sectors like agriculture or cement making must be balanced by...
WHO and European Commission partner to achieve universal health coverage
Strengthening health systems and advancing universal health coverage worldwide is one of the three key priorities of the Strategy Geneva: The World Health Organization (WHO) and the European Commission yesterday agreed on reinforcing a decade-long collaboration to...
Drop in COVID alertness could create deadly new variant – WHO
"Gaps in testing … and vaccination are continuing to create the perfect conditions for a new variant of concern to emerge that could cause significant mortality," WHO Director-General Tedros Adhanom Ghebreyesus said. COVID-19 infections are at record highs in China...
EU agrees $60 Russian oil price cap
The G7 price cap will allow non-EU countries to continue importing seaborne Russian crude oil, but it will prohibit shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price cap...
2022 hurricane season: Fewer storms than anticipated, but still extremely damaging, says Munich Re
According to preliminary estimates, overall losses from all storms amounted to around US$ 110bn, with insured losses in the magnitude of US$ 65bn (excluding the National Flood Insurance Program NFIP1) `2022 continues the trend of increasing losses from US hurricanes...