Commercial insurance companies won’t provide coverage for ship that...
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Florida focused insurtech Slide plans to $340 million US IPO
Slide and some of its existing stakeholders are looking to raise up...
ECB embeds climate risk to its supervisory approach on bank losses
The ECB is moving faster than other central banks in treating the...
Aon and Revalue Nature collaborate on global decarbonization efforts
"The voluntary carbon market is rapidly expanding and represents a significant opportunity to drive environmental and social impacts on the climate transition through collaborative solutions – no one can transition alone," said Natalia Moudrak, climate resiliency...
Number of millionaires globally will grow by 40% in the next five years
According to Credit Suisse Group AG’s Global Wealth Report, the number of global millionaires will exceed 87 million in 2026, i.e. a rise of 25 million from 2021.The US tops the world millionaire table, still far ahead of China in second place. While India is home to...
Majority of world’s largest companies exposed to impacts of climate change by 2050: S&P
“Investors and companies are seeking advanced analytics to respond to the financial impact of climate change. Essential to this, is the ability to quantify the financial impact of climate change at asset level to enable meaningful mitigation and adaptation planning,”...
Uber blames notorious extortion gang Lapsus$ for recent data breach
The attacker managed to hijack the two-factor login approval by inundating the contractor with requests, which they eventually accepted From there, the intruder was able to get into several employee accounts and had security permissions for Uber’s G-Suite and Slack,...
South and Southeast Asian reinsurers improve underwriting performance, but challenges remain: AM Best
“Although investment returns are expected to increase over the near term alongside a recovery in interest rates, rising inflation in the region is likely to pose challenges in meeting the cost of capital prospectively,” said Kanika Thukral, senior financial analyst,...
Super typhoon Nanmadol bears down on Japan’s Kyushu island
Railway operators and airlines have cancelled services and convenience store chain Seven-Eleven Japan temporarily shut around 950 stores. Toyota Motor Corp said it will idle production at three factories on Monday Typhoon Nanmadol bore down on Japan's southernmost...
Pakistan facing risk of fresh floods, more deaths as toll crosses 1,500
“The economic impact of the floods is a major source of concern for global investors,” said Abdul Kadir Hussain, head of fixed income asset management at Dubai-based Arqaam Capital Ltd. Also, there is nothing tangible on dollar inflows that were supposed to follow the...
On World Patient Safety Day, WHO stresses on ending unsafe medication practices, errors
In low- and middle-income countries – including in the WHO South-East Asia Region – patient harm due to unsafe care contributes to an estimated 134 million adverse events annually resulting in around 2.6 million deaths, WHO Regional Director for South-East Asia Dr...
Global insurance sector outlooks at risk from inflation, rising rates:Fitch
Non-life insurance sectors would typically be most exposed under the scenario, particularly those with a high proportion of long-tail business where higher-than-anticipated claims inflation could lead to reserve deficiencies London: Insurance sector outlooks in...
‘Clairvoyant’ 2012 climate report warned of extreme weather
In a report that changed the way the world thinks about the harms of global warming, the Intergovernmental Panel on Climate Change’s special report on extreme events, disasters and climate change warned in 2012: “A changing climate leads to changes in the frequency,...