“Approximately one billion children, nearly half the world’s 2.2 billion children – live in one of the 33 countries classified as ‘extremely high-risk’,” UNICEF said. The risk factors considered in the study included flooding, cyclones, heatwaves, water scarcity, air pollution, lead pollution, and infectious diseases.

“Climate and environmental shocks are undermining the complete spectrum of children’s rights, from access to clean air, food, and safe water; to education, housing, freedom from exploitation, and even their right to survive. Virtually no child’s life will be unaffected,” UNICEF Executive Director Henrietta Fore said.

Natural disasters spurred by climate volatility remain a focus area for Asian reinsurers:Fitch

Aug 19, 2021

The protection gap signals vast potential for reinsurance growth, but Asian reinsurers face challenges in enhancing their risk mitigation capability and managing premium pricing adjustments in light of the frequent catastrophe losses.

The Covid-19 pandemic has dampened Asia’s economic growth and development, but it has also raised the importance and demand for reinsurance.

Tokio Marine Insurance hit by ransomware attack in Singapore

Aug 19, 2021

“At this time, we can confirm that there is no indication of a breach of any customer information nor confidential information of the group, We have appointed an external specialized vendor to perform a third-party analysis of the systems to verify scope of impact,”” said the group in the statement.

UK court sets scene for $14 bln-plus class action against MastercardL

Aug 19, 2021

Merricks alleges Mastercard charged excessive “interchange” fees – the fees retailers pay credit card companies when consumers use a card to shop – between May 1992 and June 2008 and that those fees were passed on to consumers as retailers raised prices.

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