Asia piracy incidents highest in five years
Total piracy incidents in Asia have risen by 17% for 2020, marking the highest level in five years, according to an international watchdog. The number of actual incidents also rose by 32%.
Climate change impacting renewable energy risk landscape
Global insurance brokerage, risk advisory and solutions company, Willis Towers Watson (WTW), has urged risk managers to respond to an evolving risk landscape prompted by climate change.
Shipping insurers to raise rates after Red Sea attacks
Insurers may raise rates to cover merchant ships passing through the Red Sea after a series of attacks on vessels around Saudi Arabian waters.
Sedgwick reveals major industry trends
Sedgwick has released its Drive to Thrive in 2021 report highlighting this year's major insurance industry trends and issues that employers, brokers, carriers, risk management, and human resources professionals should focus on to remain steady amid the unstable environment.
Aon introduces fuel price insurance
Aon has announced the launch of a new fuel insurance product designed to help shipping and aviation companies protect against rising fuel costs.
The importance of technology for healthcare in Asia
A study conducted by Prudential Corporation Asia and the Economist Intelligence Unit (EIU) has found that digital health technologies offer an unprecedented opportunity to improve access to healthcare in Asia.
Willis Towers Watson unveils new version of modeller
Willis Towers Watson (WTW) has announced the launch of a new version of RiskAgility Financial Modeller, its financial modelling and reporting software for life insurers. RiskAgility FM 3.0 provides life and health insurers with a new calculation approach to actuarial modelling, with run times typically 10 times faster than current software.
Insolvency claims against directors, officers to increase
While many have celebrated the start of the New Year filled with hope, one expert believes that 2021 will be difficult for directors, officers, and their advisers due to a projected increase in insolvency claims against them.
Top 10 world’s largest insurance companies in 2020
AM Best has ranked the US’s UnitedHealth Group and Germany’s Allianz as the world’s largest insurers.
Aviva to cover side effects of COVID-19 vaccinations
Aviva Singapore has announced that its health insurance products will automatically cover side effects arising from the COVID-19 vaccination, at no additional premium.