South Korean car insurance premiums are set to decrease by 3% as part of President Yoon Suk Yeol's economic initiative to support SMEs and low-income individuals.
Partnership aims to strengthen the Philippines' defence against annual US$3.5bn nat cat losses through improved through improved insurance and risk management practices.
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...
