Australia has released its inaugural National Climate Risk Assessment report. According to the report water resources, critical infrastructure, health and agriculture are among the priority areas that are at significant risk from climate change.
The number of companies that purchased Directors and Officers Liability insurance in 2023 is estimated to have dropped by 10% compared to 2022.
Among the listed companies that purchase directors and officers' liability insurance in 2023, private enterprises pre-dominate, forming 75% of the total, according to the "China Listed Companies Directors Liability Insurance Market Report (2024)".
China Export & Credit Insurance Corporation, also known as Sinosure, has allied itself with the Xiamen Municipal Bureau of Commerce to establish a unified insurance platform for game exports.
Embedding insurance into loans boosts financial resiliency and improves healthcare access for Africa's unbanked population while simultaneously de-risking lending portfolios, according to a report by Turaco, a pan-African InsurTech.
The Council of Trade Unions (CTU) has said that a report released by New Zealand's Productivity Commission shows the need for the protection that income insurance provides.
One-in-five respondents in a survey said they had at least considered committing insurance fraud. Half of these said they had gone through with their plans, while 30% of respondents said they knew someone who had at least considered committing insurance fraud.
Composite insurance rates in the Pacific region (of which Australia is the biggest market) were flat in the fourth quarter of 2023, according to Marsh's 4Q2023 Global Insurance Market Index released earlier this week.
Composite insurance rates in the fourth quarter of 2023 increased 4% in the IMEA region (India, Middle East, and Africa), where rates for large and complex organisations are often driven or influenced by the reinsurance market, says the world's biggest insurance broker Marsh.
Composite insurance pricing in the fourth quarter of 2023 in Asia was flat, as was the situation in the second and third quarters of 2023, according to Marsh.