Energy and natural resources companies have said that they face challenges getting the right insurance, according to Willis' "Global Clean Energy Survey 2025" released on 12 March.
Prudential Hong Kong has appointed Mr Abhishek Kumar as CRO and Ms Grace Lee as general counsel. They will also be members of the Hong Kong Executive Committee.
JBA Risk Management has launched a new comprehensive Australian inland flood model to meet increasing demand from the insurance and risk markets for better flood insights.
The Federation of Egyptian Insurance Companies has sounded the need for insurers to cooperate with real estate developers and technology providers to create insurance products for smart homes.
More than seven in 10 (72%) of insurance executives in the Asia Pacific who participated in a new survey on how they perceive their industry in a time of growing risk and opportunity are of the opinion that the insurance industry has "an ethical obligation" to close the protection gap which is currently estimated to be $1.8tn.
With the advent of AI tools, the construction sector has a transformative opportunity to extract valuable insights, patterns, trends and actionable information from large datasets, even when almost 90% of the data is unstructured (e.g. emails, PDFs, images and videos). On the flip side, risks exist in using AI in the sector.
According to Willis's annual crisis management review, threats against individuals or client assets accounted for 26% of all incidents reported by clients last year.
The financial and solvency positions of the larger UAE insurers including ADNIC are generally resilient in the face of the heavy damage caused by floods in April 2024, according to the board of directors of Abu Dhabi National Insurance Company (ADNIC) in a discussion and analysis report as it released its financial results for 2024 in February 2025.
The Southeast Asia Disaster Risk Insurance Facility (SEADRIF) and the Food and Agriculture Organisation (FAO) have partnered with six ASEAN countries to explore pathways for establishing a Southeast Asia Agricultural Risk Finance Facility (ARFF).
The insurance regulator, the National Insurance Commission (NAICOM), is urging insurance companies to develop and introduce cyber insurance products in response to increasing digital risks.