Climate Change
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National approach needed to combat devastating climate change impact in Australia
Rising temperatures will lead to “dramatic changes” in the frequency and intensity of extreme weather in Australia, according to a…
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Risk management lags increasing unpredictability, finds QBE
Political risk is making the world a more unpredictable place to do business, yet many companies are failing to plan…
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Australian Reserve Bank warns that climate change could threaten viability of insurance sector
The Reserve Bank of Australia (RBA) has warned that if investors and financial institutions do not take the impact of…
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ARC pays out to Ivory Coast after drought
The Insurance Company of Pan African Mutual Risk Management (ARC) has paid $738,835 in compensation to the Ivory Coast government,…
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Sompo expands into small business space in US and Mexico
Sompo International Holdings, the Bermuda-based specialty insurance and reinsurance arm of Japanese giant Sompo, has announced that its Sompo Global…
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Royal Exchange set to boost agriculture insurance in Nigeria
Nigerian insurer Royal Exchange General Insurance plans to boost its agricultural capacity after a deal in which the InsuResilience Investment…
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Spreading the value of insurance
According to the UN, there are some 500 million smallholder farmers in the world. In Africa around 80% of farmers…
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Business risks rocked by political uncertainty: PwC CEO survey
Government-related threats, led by overregulation, are dominating the top ten risk list for CEOs, with policy uncertainty and trade conflicts…
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Swiss Re report highlights emerging risks for insurers
The latest Swiss Re Institute SONAR report has highlighted a number of key risks including digital technology's clash with legacy…
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AGCS expands environmental response support
Allianz Global Specialty Services (AGCS) has expanded its environmental impairment liability cover to boost emergency response to pollution and contamination…
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Sompo adds new life sciences team
Sompo International Holdings has formed a new life sciences team within Sompo Global Risk Solutions. Led by Todd Lauer, the…
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Egyptian insurance industry to develop sustainable insurance roadmap with UN Environment Programme
The Egyptian insurance industry has agreed a pioneering initiative to develop a national sustainable insurance strategy and action plan –…
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Philippines to join ASEAN disaster risk facility
The Philippines Government has announced its intention to join with Japan and five other Association of Southeast Asian Nations (ASEAN)…
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Chubb rolls out environmental risk management service to Europe
Chubb has launched a new service in continental Europe, the UK and Ireland to help clients deal with environmental incidents...
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ADB chief calls for more action on disaster risk reduction
The chief economist at the Asian Development Bank (ADB) has called on governments and the insurance industry to increase their…
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Cost of typhoon Jebi to hit $12bn
The latest estimates from reinsurers suggest that the cost to the insurance industry of Typhoon Jebi could rise to as…
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Insurers must play a greater role in sustainable development
Climate change and sustainable development are two concepts that are yet to be fully understood by insurers, according to Saliou…
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Asian P&C rates to rise by 10% says WTW
Global broker Willis Towers Watson (WTW) has forecast that catastrophe loss-affected property and casualty (P&C) rates will rise by at…
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China Re brings Chinese renewable energy risks to London
China Re, now the biggest reinsurance group in Asia and eighth globally by premium income, has announced the launch of…
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JBA and IDF partner for Sri Lanka flood data provision
UK-based catastrophe modelling firm JBA Risk Management has teamed up with the Insurance Development Forum (IDF) to improve access to…