There is a positive correlation between insurance companies’ credit ratings and their cybersecurity, according to a new report from Fitch Ratings.
Global reinsurers have weathered pandemic impacts well, but amid other growing challenges brought on by climate risk, social inflation and other types of perils, companies need to maintain an innovative mindset, according to a new AM Best report capturing the views of panelists from a recent reinsurance industry briefing.
The ongoing pandemic has resulted in many restrictions on travel. With the vaccination drive and Covid-19 precautionary measures being implemented, travel is making a comeback and hence, the important question: “Do I need travel insurance?”
There’s no question the pandemic has shaken up the travel industry, but how much? Below, find out just how different vacations are looking these days and how some changes may persist in the future.
The increased frequency and severity of natural catastrophes due to climate change highlight the greater role of Asian reinsurers in bridging the region's protection gap between the economic losses brought about by natural disasters and insured losses, Fitch Ratings says.
Mental health problems caused by the COVID-19 infections will be the next pandemic according to a new study published by the Barcelona Institute for Global Health (ISGlobal) in March 2021.
Banks and insurers around the world are likely to face climate-related stress tests in the next two to three years as supervisors become increasingly aware of the urgency in gauging the risks from climate change, Fitch Ratings says in a new report.
Speaking at the Asia Brokers Summit 2021, Brokerslink chairman Jose Manuel Fonseca he pointed out that brokers in general did a great job in the transition to working from home and dealing with people digitally.
European regulators need to overhaul their capital rules to free up insurers to invest more in climate-friendly infrastructure projects, the chief executive of German insurer Allianz said at a virtual meeting of the World Economic Forum discussing how to finance the low-carbon transition.
The CBIRC's changes to the solvency management of China's insurance sector are a positive step, particularly in the reinforcement of balance sheet strength and the development of enterprise risk management, says AM Best. The changes will go into effect 1 March.