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Businesses in APAC taking longer to convert working capital into cash, affecting liquidity: Aon

by AIP Online Bureau | Sep 24, 2024 | Eco/Invest/Demography, Intermediaries, International News, Regulation, Risk Management

According to the report, the average days receivable for Asia Pacific companies for year ending 2023 was 71 days. Although a small increase from 2022, an increase in days receivable reflects a decrease in working capital availability and indicates slower collection of...
APAC: Climate change response held back by insufficient data

APAC: Climate change response held back by insufficient data

by AIP Online Bureau | Aug 22, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance, Risk Management

“The deadly heat waves and catastrophic floods we’ve seen in recent months show us what’s at stake. We need high-quality data and robust statistical capacity to avoid policy blind spots and make sure our strategies for tackling the climate crisis are well-informed....
Jessica Schappell appointed as Beazley’s APAC head

Jessica Schappell appointed as Beazley’s APAC head

by AIP Online Bureau | Jul 29, 2024 | International News, Non-Life, Reinsurance, Risk Management

Jessica Schappell The risks facing the region are getting more complex and a recent Beazley report found that 44% of businesses in Singapore believe they operate in a high-risk environment. London: Beazley, the leading specialist insurer, announced the appointment of...
APAC’s Nat Cat economic losses at $65 billion in 2023, 91% uninsured

APAC’s Nat Cat economic losses at $65 billion in 2023, 91% uninsured

by AIP Online Bureau | Apr 2, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management

George Attard, CEO of Reinsurance Solutions for Aon’s Asia Pacific region Economic losses in the Asia Pacific region specifically, driven primarily by floods in China and drought in India, reached USD 65 billion “The findings from Aon’s 2023 Global Risk Management...
Health and safety overtaking cyber as top risk for APAC directors and officers: WTW survey

Health and safety overtaking cyber as top risk for APAC directors and officers: WTW survey

by AIP Online Bureau | Mar 20, 2024 | Health, International News, Non-Life, Reinsurance, Risk Management

“The responsibilities incumbent upon directors and officers in APAC continue to evolve and become more nuanced, with aspects, such as employee safety, ESG-related obligations and cybersecurity-related pressures to be cognisant of. All set with a backdrop of...
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