Insurance firms in Nigeria are readying for potential claims, following the widespread looting and destruction of properties, vehicles, and other assets across the country on 21 October.
For almost 60% of mid-sized businesses, crisis management remains a top unmet need in terms of reducing risk exposure. More than a third of the businesses participating in a new study, feel that the rising insurance protection rates further compound their problems.
The 4 August Beirut port explosion has led to significant uncertainty in the Lebanese insurance sector.
Australian Reinsurance Pool Corporation (ARPC) has launched the findings of its cyber terrorism research project titled "Insurance risk assessment of cyber terrorism in Australia".
The Australian Reinsurance Pool Corporation (ARPC) recently released its corporate plan for 2020 to 2024, which included an in-depth report of the pool's finances for 2020.
The 2020 Risk Maps report published by Aon in partnership with the Risk Advisory Group and Continuum Economics has revealed that the COVID-19 pandemic will likely transform the geopolitical landscape and have profound socioeconomic implications.
Nearly half of all countries and territories in the world face some degree of terrorism risk in 2020, says the the "Aon Risk Map 2020 - Crisis Management" report. This ratio is higher than last year and reflects a more widespread threat of terrorism, motivated by a range of extremist ideologies and causes.
Specialist insurer Markel has recently appointed Pek Hui Zhi as terrorism underwriter for Asia.
A new report by Pool Re of UK and Cranfield University has suggested that the COVID-19 pandemic could lead to a resurgence in interest for using chemical, biological, radiological and nuclear weapons.
Tokio Marine & Nichido Fire Insurance will sell insurance policies starting next month that will cover damage to facilities resulting from terrorism and violent demonstrations, the first such product in Japan.