The reinsurance industry must brace itself for cyber attacks targeting government and election infrastructure in 2024 according to a leading cyber risk analysis.
Asian governments, regulators and businesses need to sustain collective commitment and action, strengthen climate disclosures and support the de-risking and viability of transition financing to fully play their regional role in the global effort to reach net zero according to Monetary Authority of Singapore (MAS).
With over 64 countries preparing or already conducting their elections, the year 2024 is earmarked to be one of the most politically turbulent years in decades according to Liberty Specialty Markets.
Climate change could see malaria cases in countries previously free of the disease, bringing new health risks for workers travelling overseas according to health and security firm International SOS.
The World Health Organization (WHO) has expressed concern regarding the potential for transmission of avian influenza to other species including humans.
insureKU, an end-to-end digital insurance and takaful aggregation platform, has received received Bank Negara Malaysia's approval to begin operations.
Insurance business in the low-altitude economy is expected to take off as demand grows for related services and regulations are gradually improved which facilitates growth.
Cyber attacks have more than doubled since the pandemic and while companies have historically suffered relatively modest direct losses from cyber attacks, some have experienced a much heavier toll.
Almost two-third (62%) of insurance executives recognise AI and machine learning technology as elevating underwriting quality and reducing fraud in the insurance industry.
Over eight in 10 organisations encountered one cyber security incident in a year, the Cyber Security Agency of Singapore (CSA) said in its Singapore Cybersecurity Health Report 2023.