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Rains add to challenge for Myanmar quake relief, toll at 3,471
In neighbouring Thailand, authorities said that country's death...
AM Best upgrades credit ratings of FAIR Oil & Energy Insurance Syndicate
As at year-end 2024, the Syndicate consisted of 20 members from...
Wildfire, floods don’t need to turn into disasters: UN risk report
“Disasters occurring in completely different parts of the world at first appear disconnected from each other. But when you start analyzing them in more detail it quickly becomes clear that they are caused by the same things, for example greenhouse gas emissions or...
Prevention measures crucial to tackling risk of battery fires in shipping: Allianz
AGCS analysis of over 240,000 marine insurance industry claims over the past five years (with a value of €9.2bn), shows that fire/explosion (from all causes) is the most expensive cause of loss, accounting for 18% of the value of all claims Singapore: Recent incidents...
Half of health care facilities globally lack basic hygiene services: UN report
Around 3.85 billion people use these facilities, putting them at greater risk of infection, including 688 million people who receive care at facilities with no hygiene services at all Half of health care facilities worldwide lack basic hygiene services with water and...
COVID drives down U.S. life expectancy for the second straight year – CDC data
The nearly one-year decline from 2020 to 76.1 years marked the largest two-year drop in life expectancy at birth in close to a century, the U.S. Centers for Disease Control and Prevention (CDC) found. Disparity in life expectancy between men and women also widened...
Pakistan’s fatal flooding has hallmarks of global warming:
The recent flood in Pakistan is actually an outcome of the climate catastrophe … that was looming very large. The kind of incessant rainfall that has happened … has been unprecedented,"said Anjal Prakash, a research director at India's Bharti Institute of Public...
Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report
Of the five business sectors most vital to the global economy, manufacturing and distribution would be hit hardest by disasters costing $4.2 trillion as water scarcity disrupts production while storms and floods destroy infrastructure and inventory. read more Last...
Major Asia-Pacific reinsurers deliver stable performance on growing competition and uncertainty: AM Best
2022 is shaping up to be another profitable year thanks to benign natural catastrophe activity in the region in the first half of the year for Asia Pacific domiciled reinsurers The accumulation of natural catastrophe risks in Asia-Pacific reinsurers’ home markets...
Asian Markets: Reinsurers grapple with economic challenges and climate risk, says Fitch
Asia-Pacific reinsurers face weather-related catastrophe losses from flooding and drought, such as the major floods in eastern Australia and China in 2022. Reinsurers are re-assessing risk modelling and catastrophe management frameworks to help quantify potential...
Gautam Adani is first Asian to become world’s third-richest person, overtakes Louis Vuitton chief
Gautam Adani All told, Adani has added $60.9 billion to his fortune in 2022 alone, five times more than anyone else. He first overtook Ambani as the richest Asian in February, became a centibillionaire in April and surpassed Microsoft Corp.’s Bill Gates as the world’s...
Beazley launches Product Recall product in APAC market
The Beazley Manufacturing Risks & Response coverage is an innovative insurance solution that provides what manufacturers need to help protect their business and customers “Our solution includes offerings for any component parts and consumer goods . Adding this to...