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Thailand shifts disaster risk to insurers with $467 million plan

Thailand shifts disaster risk to insurers with $467 million plan

by AIP Online Bureau | Sep 2, 2026 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The government on Tuesday approved a 15.5 billion baht ($467 million) annual insurance program to cover 30 million households against floods, storms and earthquakes, said Prime Minister Anutin Charnvirakul Thailand plans to provide government-funded disaster insurance...
Fitch warns AI market correction emerging as major global credit risk

Fitch warns AI market correction emerging as major global credit risk

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, International News, Regulation, Technology

“The extent to which capital markets and economies have become intertwined with AI have created a vulnerability for credit,” Fitch said. The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to...
Aon launches AI Risk Diagnostic to help organizations understand and manage AI risk

Aon launches AI Risk Diagnostic to help organizations understand and manage AI risk

by AIP Online Bureau | Jul 27, 2026 | Eco/Invest/Demography, Intermediaries, International News, Risk Management, Technology

“Artificial intelligence is creating significant opportunities for organizations, but it is also introducing new and increasingly complex risk considerations across governance, compliance, operations and resilience,” said Richard Waterer, Aon Global Risk...
Hedge funds tap growing market for disaster risk

Hedge funds tap growing market for disaster risk

by AIP Online Bureau | Jun 9, 2026 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Wealth Management/ Philanthropy

Now, some of the world’s biggest hedge funds and banks want to incorporate the expertise of catastrophe-risk professionals across a broader chunk of the finance sector, as the skills required to model natural disasters become increasingly relevant for asset values in...
Bharat Maritime Insurance Pool pushes down war-risk premiums for Hull and Cargo by 27-48%:Govt

Bharat Maritime Insurance Pool pushes down war-risk premiums for Hull and Cargo by 27-48%:Govt

by AIP Online Bureau | Jun 5, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Debasish Prusty, additional secretary, Department of Financial Services The re/insurers should explore the future roadmap in three steps: achieving sovereignty in maritime trade through development of a Protection and Indemnity(P&I) product domestically, scaling...
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