Several insurers have introduced innovative insurance products for companies across the artificial intelligence (AI) and computing power supply chains, bringing computing-related risks within the scope of insurance coverage.
The risk that first appeared was geopolitical risk, then energy prices and food market risk appeared. A disrupted shipping route created supply chain risk. Following on its heels was cyber operations risk, and then production and financial risk.
HDI Global has appointed Mr Kimura Kei as General Manager, Distribution and Marketing of its Japan branch.
Gallagher has launched a new cyber risk advisory practice for the Middle East, headed by Mr Sidharth Wahi.
AM Best maintained its stable outlook for Indonesia's non-life insurance market, citing steady economic conditions, expanding premiums and new initiatives designed to fortify the sector's financial health.
With a focus on strengthening its energy security, the Japanese government proposes to expand the scope of the arrangement that offers coverage equivalent to reinsurance for tankers transporting crude oil and other commodities to Japan.
Thailand's regulator, the Office of Insurance Commission (OIC), is now enhancing the readiness of the insurance industry in the face of rising cyber threats, including digital attacks, the use of AI to discover vulnerabilities, attacks through external service providers and risks arising from increasingly interconnected digital ecosystems.
Aon has announced two leadership appointments for Japan Global Solutions (JGS), a global that brings together the firm's integrated risk and human capital capabilities to help Japanese multinational clients respond to changes in their domestic market while continuing to expand internationally.
New threats to the maritime industry like GPS spoofing have emerged in some regions, such as the Middle East.
Allianz Insurance Singapore has promoted Ms Ong Bi Ying to the role of CEO.