SQ321 experienced severe turbulence, resulting in the death of a retired insurance worker and injuries to 48 others, with Allianz named as the lead insurer.
Rescue efforts are underway in Papua New Guinea's Enga province where a landslide has left over 670 feared dead with rescue operations hindered by ongoing hazards and tribal conflicts.
100GT+ maritime losses drop 70% in last decade, but the speed and extent to which risk profile is changing is "unprecedented in modern times," says Head of Marine Risk Consulting.
