The tie-up will also include community education and outreach aimed at improving understanding of Takaful and boosting financial literacy among underserved groups.
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 regulator is sharpening its focus on affordability and long-term resilience as insurers face mounting cost pressures from natural disasters, inflation, and limited reinsurance capacity.
Zurich Insurance Group, the Cyber Threat Alliance, and the CyberGreen Institute proposed six national-level cybersecurity metrics to help governments measure and strengthen resilience.
Having low coverage in the Southeast Asian region presents a major opportunity for policymakers and insurers to strengthen economic security, the study finds
