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International News

Insurers to offer up to $5B in capacity to hike developing nations’ Climate Resilience

As part of the program, as much as $5 billion in insurance capacity will be offered to 20 developing countries that are vulnerable to shifts in the climate and willing to work with the groups to increase their resilience, according to a statement Sunday from the Insurance Development Forum, the UN Development Program, the German Federal Ministry for Economic Cooperation and Development and the U.K. Department for International Development.

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Business leaders spend less than 1 Day a year focusing on Cyber Risk: Marsh Survey

“We are well into the age of cyber risk awareness, yet too many organisations still struggle with creating a strong cyber-security culture with appropriate levels for governance, prioritization, management focus, and ownership,” said Kevin Richards, global head of Cyber Risk Consulting, Marsh. “This places them at a disadvantage both in building cyber resilience and in confronting the increasing complex cyber landscape.”

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