All #insurance articles
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NewsAon names senior leader for APAC Cyber Solutions
Adam Peckman will oversee Cyber Solutions portfolio growth and integration across the region
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NewsUkraine fall-out and new ransomware tactics elevate cyber risks
The maritime sector and satellite infrastructure are sectors most likely to be targeted by cyber criminals
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NewsThe metaverse will support ‘shift from risk indemnity to risk mitigation’
Use of the metaverse for the insurance sector is “evolving at pace”, says Accenture’s global insurance lead
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NewsCyber war exclusions boost likelihood of claims litigation
A lack of standard, battle-tested definitions in cyber policies makes litigation more likely amid the conflict in Ukraine, warns Moody’s
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NewsComplex energy claims dropped during 2020-2021
Losses such as the Beirut explosion in 2020 and Winter Storm Uri were not included in the analysis
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NewsAustralian corporates lose BI test case
A judge has ruled in favour of insurers in the Federal Court of Australia in a second COVID-19 business interruption test case
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NewsNSW and Queensland flood claims at $916m
PERILS has updated its loss estimate for the New South Wales and Queensland floods of 18 to 24 March 2021
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NewsCOVID erodes macroeconomic resilience - Swiss Re
There is lowest insurance resilience for natural catastrophes, with a record protection gap of $1.4 trillion
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NewsTech to help close climate protection gap
Early warning tool can help strengthen response to climate-related weather risk in Australia - Aon
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NewsJust 4.5% of Asia cat losses insured in 2020
Economic losses due to natural catastrophes in the region reached $67 billion last year, indicating a huge gap and growth opportunity for re/insurers
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NewsAsian corporates gain climate risk tool
Swiss Re CorSo risk framework helps firms assess physical climate exposure; Many climate ‘hotspots’ are located in Asia Pacific
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NewsICA declares Cyclone Seroja a catastrophe
Destruction of the built environment is “severe” in a region of Western Australia not normally affected by windstorms
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NewsDigital health sector overexposed - survey
More than two thirds lack insurance coverage for bodily injury claims arising from system failure or cyber breach
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NewsWTW and Liberty partner to provide reputation cover
The solution is available globally and initially to clients in the leisure hospitality, manufacturing, retail and transportation sectors
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NewsCOVID-19 prompts “evolution in risk management” - survey
Organisations in APAC had built more robust pandemic programs in response to similar threats already faced, such as SARS
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NewsIn support of a green economy
Europe and Asia suffer from some of the most severe fossil-fuel-company insured losses in the world, according to PCS data
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NewsVietnam flood model launches
Fully probabilistic model provides countrywide coverage and enables insurers to assess their exposure to floods, which affect 70% of the country’s population
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NewsSuper Typhoon Goni slams into Philippines
“Strongest landfalling cyclone in history” devastates eastern Philippines, causing catastrophic damage to Catanduanes Island
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NewsQueensland’s Halloween hailstorms declared a catastrophe
The hailstorms struck south-east Queensland late on the 31st October causing significant damage to vehicles and property
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NewsAustralian cyclone risk increases under La Niña
The Bureau of Meteorology has declared that La Niña has developed in the Pacific, with the potential for increased floods and cyclone activity