Tokio Marine & Nichido Fire Insurance, Mitsui Sumitomo Insurance, and Sompo Japan are considering broadening their high-risk zones amid the escalating Middle East conflict.
While broadly aligning with global worries around supply chain disruptions leading to a Black Swan event, five APAC countries are more concerned over global internet outage.
With Asia Pacific expected to gain nearly US$800bn in data centre investment by 2030, water stress and fire risk quality have emerged as interconnected vulnerabilities.
Four submissions covering business pack and interruption insurance, workers’ compensation, and cyber insurance have been lodged before a Parliamentary Joint Committee inquiry.
The budget outlines support for new insurance solvency rules and greater disclosure standards, but focus on growth sectors—such as low-altitude aviation and autonomous vehicles—will bring new opportunities...
