Mitsui Sumitomo Insurance Company and Aioi Nissay Dowa Insurance, as members of the MS&AD Insurance Group, have jointly issued the ‘Tomoni Re 2024’ catastrophe bonds (CAT bonds) in Singapore covering domestic natural disaster risks in Japan.
Earthquake-related claims for Taiwan’s commercial insurers related to April’s seismic event are unlikely to exceed those stemming from the 2016 Meinkong earthquake, according to AM Best.
The General Insurance Fund (GIF), whose purpose is policyholder protection, has said that it must postpone compensation to policyholders of insurance companies that have had their licences revoked.
Risk
Asia’s per capita burden of junked ‘phones and other electronic and electrical gadgets is still low, but it struggles to contain this e-waste deluge that is gradually building up according to a new report by the UN.
A new study, Global prediction of extreme floods in ungauged watersheds published in a recent issue of scientific journal Nature says AI and machine learning technologies have significantly improved global flood forecasting, particularly in regions where flood-related data is scare.
A new report shows that most global CO2 emissions produced since the Paris agreement can be traced to a small group of 57 high emitters who are failing to slow production.
Swiss Re Institute’s latest projections suggest that insured losses could double over the next decade, exacerbated by rising temperatures and more frequent and intense extreme weather events.