Climate risks and rising costs are widening protection gaps across Asia's insurance market, driving companies to captives and self-insurance and posing a challenge for insurers.
The initiative seeks to build disaster-risk financing into development planning, enabling quicker fiscal response and reducing recovery costs for governments.
(Re)insurers face interconnected risks from climate change, geoeconomic fragmentation, demographic shifts and digital transformation that require new approaches, say experts at SIRC.
The initiative will co-fund PhD scholars whose research focuses on cyclone and tsunami risk, advanced flood modelling, and remote sensing for disaster response.
Despite increased competition and falling rates, (re)insurers are focused on bespoke solutions and product innovations that can help reduce region's growing cyber protection gap.
Singapore’s central bank will reduce capital charges for financial institutions investing in sustainable infrastructure projects, with BlackRock, Brookfield, Clifford and Macquarie showing interest in...
