The exponential growth of rooftop solar systems means millions more...
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Aon and EBRD launch innovative war risk insurance facility for Ukraine
Under the new €110 million Ukraine Recovery and Reconstruction...
China to expand private pension scheme nationwide from Dec 15
Those covered by public pension insurance will be allowed to open...
Australia finalises $10 billion cyclone Reinsurance Pool
The pool is expected to reduce insurance premiums by up to $2.9 billion for eligible household, strata and small business insurance policies over 10 years Homeowners in northern Australia with the most acute cost pressures are expected to benefit from up to 46 per...
India tops global insurance IPO chart in Q4 2021:S&P
Global insurance and insurtech companies raised about $6.64 billion from IPOs in 2021, the largest amount in at least five years India's PB Fintech's $579.2 million IPO, topped the list globally.. Star Health and Allied Insurance Co. Ltd. had the second-largest...
Indian billionaire Gautam Adani surpasses Mukesh Ambani as Asia’s richest person
Gautam Adani Adani’s sustainability claims and green ambitions are criticized by climate campaigners who point to the group’s Carmichael coal mining project in Australia, which will expand supplies of the highly-polluting fossil fuel. The Adani Group opted to use its...
Climate could be responsible for 40 million deaths before the end of the century: UN report
Climate change is also likely to become a leading cause of death worldwide, the authors warn, and could be responsible for 40 million deaths before the end of the century, even with moderate mitigation of emissions People’s sense of safety and security is at a low in...
Covid 19 Pandemic: Global social protection spending at $2.9 trillion, rises nearly 270%
According to the latest UN data, the world is not on course to meet the fundamental Sustainable Development Goal (SDG), of eradicating extreme poverty Without decisive action, the number of people living in extreme poverty is expected to reach 600 million, or 7 per...
Nissan to stop most development of new gasoline engines – Nikkei
Automakers worldwide, including General Motors Co and Ford Motor Co, have been involved in a series of efforts to shift their lineups to electric vehicles Nissan Motor Co Ltd plans to stop developing new internal combustion engines in all its major markets except the...
EU watchdogs call for rapid action to catch up with digital finance
"The growing digitalization and datafication of financial services necessitate closer cooperation between financial and relevant non-financial authorities," a joint report from the EU's banking, insurance, and markets watchdogs said The report said that regulatory...
Hawkish central banks say goodbye to easy money as they hike rates
What has forced the central-bank rethink is a wave of inflation. It’s driven by a disconnect between surging demand in post-lockdown economies and shortages in the supply of some key commodities, materials and goods -- as well as workers The end of easy money is upon...
KPMG faces £1.3b lawsuit over UK contractor’s collapse
The UK’s Official Receiver, acting on behalf of Carillion’s creditors, accused KPMG of failing to spot misstatements on the group’s accounts and provided misleading financial statements, according to court documents filed on Jan. 17 and made public Thursday KPMG LLP...
As NFTs flourish, U.S. Treasury raises alarm over money laundering in art
In a study published on Friday, the Treasury found that there is some evidence of money laundering risk in the high-value art market, but limited evidence of terrorist financing risk, the Treasury said in a statement The U.S. Treasury Department on Friday issued a set...