Ping An’s emergency response unit issued 59 risk alerts and 23 analysis reports on Middle East tensions, responding to 52 customer enquiries since January.
South Korea’s financial authorities have pledged coordinated action, data exchange, and support measures in response to heightened geopolitical tensions in the Middle East.
Tokio Marine & Nichido Fire Insurance, Mitsui Sumitomo Insurance, and Sompo Japan are considering broadening their high-risk zones amid the escalating Middle East conflict.
All APAC insurers surveyed reported moderate-to-very high concern about physical risk creating broader financial instability, but only 36% have integrated it into overall risk management.
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.
