Climate Change
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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…
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World’s inability to cooperate on major risks at ‘crisis level’, warns WEF
The world’s inability to cooperate and tackle major global risks has reached “crisis levels”, and is only expected to worsen…
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Burning issues for environmental claims
There is a common view that environmental exposures are only really an issue for very large companies in certain sectors,…
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Peak Re launches first Asian reinsurance sidecar
Hong Kong-based reinsurer Peak Re has unveiled what it claims is the first reinsurance sidecar transaction in Asia, in news…
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Liberty Specialty Markets names Bidard head of liability in France
Liberty Specialty Markets (LSM) has appointed Florence Bidard as head of liability for France with immediate effect. The move will…
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New tax for environmental policies in Spain
Spain is introducing a new tax for environmental policies, according to insurance premium tax specialists Impendulo. The new tax, representing…
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Environmental claims spread to new industries: AIG
A growing range of industries reported environmental impairment liability (EIL) claims in Europe last year, according to data from AIG...
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Japan’s top P&C insurers to pay out JPY1trn in 2018
A year of natural disasters has left Japan’s top three property and casualty (P&C) insurers with a bill expected to…
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Verisk report examines evolving environmental and technological risks
Data analytics provider Verisk has released a study examining the significant risks and trends that could seriously impact the businesses…
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Cyberattacks biggest business risk across east Asia and the Pacific
The risk of a cyberattack is the biggest concern among business leaders in east Asia and the Pacific, according to…
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North American liability rates to harden further in surprise turn of market: Willis
Insurance buyers in North America will pay higher commercial insurance rates next year with some lines reaching double-digit increases, according…
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AGCS bolsters ART business in Asia-Pacific
Allianz Global Corporate & Specialty (AGCS) is expanding its alternative risk transfer (ART) business with the launch of a new…
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RMS forecasts major catastrophes in Asia-Pacific
Risk modelling firm RMS has compiled a list of ten ‘one in a 100-year’ natural catastrophes that could hit the…
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Brexit begins to change dynamics but London company market delivers 16% premium rise
No dominant post-Brexit hub is emerging for London company firms, as the market delivered a 16% premium jump in 2017…
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HK insurance regulator promotes ILS
Hong Kong will step up its efforts to foster the creation of an insurance-linked securities (ILS) market through the introduction…
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Asia suffers huge September cat losses but protection gap persists
September saw Asia suffer thousands of fatalities and billions of dollars in insurance losses in the costliest month of natural…