A model created by Lloyd's predicts that a food supply shock event could result in between US$3 trillion to US$18 trillion in global economic losses, with Greater China and APAC most vulnerable.
The disasters encompassed diverse events, including an avalanche in Nyingchi, Tibet, heavy rains in Henan Province affecting the harvest, and Typhoon Doksuri leading to catastrophic floods in the Hai River...
The solution will use TPIsoftware's InsureBrick framework to build a customised system aimed at enhancing the P&C insurer's efficiency, flexibility, and customer service.
China's insurers saw its investment portfolio grow by over 10% last year, however insurers are grappling with dwindling yields, limited investment options, and negative spreads due to declining interest...
Despite observations of potential risks, China Life Insurance's robust performance and substantial government support earn it a continued A+ rating from Fitch.
AM Best continues to project a negative outlook for Indonesia's non-life insurance sector, citing increased reinsurance credit risk and pressure on underwriting margins as key factors.
The round brings total funding for the insurtech to nearly US$40m, as it aims to scale its SME-focused, subscription-based healthcare insurance offering.
Mikey Anthony takes on the recently created position and is tasked with advancing the reinsurer's ESG initiatives and ensuring environmental and regulatory compliance.
Korean C-suite expects increased profits, independent of significant lift provided by IFRS 17 and despite increased competition and economic uncertainties.
Koin intensified, instead of weakening as expected, with Hong Kong issuingits second highest storm signal at 7pm, before lowing it again just before midnight local time.
