ADB considering establishment of risk facility in Hong Kong, Kazakhstan, Singapore, or Labuan, which aims to manage nat cat impacts for 11 CAREC member nations.

Despite heightened challenges — including climate risk and social inflation — AM Best’s report suggests a stable, yet cautious global reinsurance market with opportunities for increased margins.

Growth in health, agriculture, and resurgence in motor underpin AM Best’s ‘stable’ outlook for China’s non-life sector, but market faces drop in underwriting profit and slowing economy.

Addressing global insurance leaders at the Geneva Association Summit 50, Antonio Huertas stressed the importance of embracing AI responsibly, improving cyber resilience, and an insurance-led approach to facing climate challenges.

TCFD completes its work ahead of the January 2024 introduction of the first round of IFRS sustainability standards 

AM Best maintains stable outlook for Vietnam’s non-life market, anticipating long-term benefits from regulatory changes made in early 2023.

Pacific Small Island Developing States could face financial losses from natural disasters surpassing 100% of GDP by mid-century — making a strong case for innovative insurance solutions.

APRA underscores importance for insurers to adopt better data management practices, as multi-year study reveals gap between current and ideal approaches.

Shanghai’s ‘Sponge City’ initiative garners recognition for its approach to mitigating impacts of natural catastrophes, with China aiming to roll out similar initiatives to 80% of the country’s urban areas by 2030.

Insurance Council of Australia’s Andrew Hall delivered an impassioned speech on the country’s protection gap — urging short-term tax reform alongside other medium and long-term recommendations.