Guy Carpenter has released its 2025 North Atlantic hurricane season outlook, forecasting an active season with named storm totals expected to exceed long-term averages. The projection anticipates storm counts significantly above the 1950–2023 average and higher than those recorded during the active period from 1995–2023.
The Federal Reserve held interest rates at a 22-year high for a second consecutive meeting, amid a backdrop of a growing economy and labor market and inflation that is still well above the central bank’s target.
The global risk analytics market was valued at $35.65 billion in 2021 and is expected to grow at a compound annual growth rate of 7.54% between 2023 and 2030, reaching $72.98 billion by the end of the forecast period, according to Verified Market Research, a global research and consulting firm.
The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate increase as it measures what the impacts have been from the previous 10. But this decision came with a projection that another two quarter percentage point moves are on the way before the end of the year.
Inflation in the U.S. cooled to the lowest point in almost two years in March as year-over-year price increases reached 5 percent. The last time a reading this low happened was May 2021.
Seventy-three percent of organizations polled by a new study reported being hit with at least one successful ransomware attack in 2022 – and 38% said they were hit with two or more.
The International Monetary Fund (IMF) has made a slight increase to its global growth outlook for 2023, due to "surprisingly resilient" demand in the United States and Europe, easing energy costs and the reopening of China's economy after Beijing abandoned its strict COVID-19 restrictions.
The Asian Development Bank (ADB) has signed an agreement with five leading global insurers which will mobilize up to $1bn of financing capacity to support lending to financial institutions in Asia and the Pacific.
The Australian Securities and Investments Commission (ASIC) has listed its strategic priorities for the years ahead until 2026.
The China Banking and Insurance Regulatory Commission (CBIRC) has warned the public and the financial sector to avoid using the metaverse as an avenue for fraud, illegal fundraising and other illicit activities.