The CEOs of local insurance companies are urged to pay extra attention to risk management and market stability while refraining from over-expansion.
Ice in Greenland is defrosting, leading to melting events that could raise sea levels by almost 51cms by the end of the century according to a new research study.
Over the past 12 months, Asia has been buffeted by overlapping international crises, including the COVID-19 pandemic and Russia president Vladimir Putin's invasion of Ukraine, but there is a good case for cautious optimism about Asia's prospects for 2023 according to Asia Pacific Foundation of Canada distinguished fellow Bart Édes writing in Marsh McLennan web newsletter Brink.
Nearly 50 environmental and social (E&S) shareholder proposals would have won majority support in 2022 if asset managers including BlackRock, State Street and Vanguard had voted for them according to a new analysis.
Nearly two thirds of sharks and rays that live among the world's coral reefs are currently threatened with extinction according to a recent study published in the journal Nature Communications.
Cyber incidents and the macroeconomic situation rank as the top two risks in Morocco this year, according to the latest Allianz Risk Barometer published earlier this month.
Changes in legislation, business interruption and the COVID-19 pandemic rank as the top three risks in China this year, according to the latest Allianz Risk Barometer published earlier this month.
The signs are that there will be a further growth slowdown of the Chinese economy, following its expansion by 3% in 2022, below the government's target of around 5.5% and seen as the worst showing since 1976.
With 27 general insurers and five standalone health insurers in the non-life market in India, there is a lot to do and a lot to achieve, said Mr Thomas Devasia, IRDAI member (Non-life) In his address at the 16th India Rendezvous yesterday.
A planned capital injection to Post-Telecommunication Joint Stock Insurance Corporation (PTI) has faced ongoing delays, notes AM Best. This capital injection, when effected, would substantially relieve pressure on the company's risk-adjusted capitalisation, the global credit rating agency says.