Nat CAT losses are likely to cost the insurers an average of around $106bn annually in the short term. This compares with $75bn Nat CAT losses a year during the past decade.
The number of companies reporting in line with recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) increased more between 2019 and 2020 than in any other year.
APAC is four times more at risk of natural hazards than those in Africa and 16 times more than North America or Europe. The ‘riskscape’ arises not only from inherent natural, biological and environmental hazards of the region but also from socio-economic vulnerabilities and rapid urbanisation according to UN-ESCAP.
QBE Insurance has developed a tool to provide a risk management framework for customers to assess their environmental, social and governance (ESG) risk better.
Climate change could force 216m people to migrate within their own countries by 2050 according to a new updated report Groundswell by the World Bank.
Organisations continue to operate with limited visibility into user activity and sessions associated with web applications, despite the ever-present risk of insider threats and credential theft according to a new study by identity security firm CyberArk.
While the outbreak of COVID-19 led to a shift of workspace and a rapid increase in cyber attacks across the world, the cyber budget of enterprises in UK actually came down.
Six in 10 US insurance companies agree that demand from stakeholders to consider environmental, social and governance (ESG) factors in their decision-making is growing.
A new project to develop climate-smart insurance for micro, small and medium-sized enterprises (MSMEs) in the Philippines will be put in place with the support of Asian Development Bank (ADB). It will be administered through the Asia-Pacific Climate Finance Fund (ACliFF).