Airlines have adapted their operations through longer routings and revised scheduling since the Iran war began on 28 February. These moves have contributed to increased flight times, fuel consumption and overall operating costs.
A rapidly evolving geopolitical landscape and advances in AI are reshaping the global order and creating greater complexities for businesses in Singapore and across the region. These were the opening remarks from Singapore's Former Minister for Foreign Affairs and Lee Kuan Yew School of Public Policy Visiting Scholar George Yeo, during his keynote speech at MSIG Singapore's Partners' Day on 15 April.
Thailand's insurance regulator, the Office of the Insurance Commission (OIC), has revealed the road accident statistics from the seven-day travel period related to Songkran.
The conflict in the Middle East has become a material geopolitical risk for construction organisations globally, with clear implications for the wider APAC region.
The risk-based solvency (RBS) framework for the insurance sector will be published this quarter, according to Mr Abderrahim Chaffai, President of the Insurance and Social Welfare Supervisory Authority (ACAPS).
The Actuarial Society of South Africa (ASSA) has released a research paper advocates replacing the current Road Accident Fund (RAF) system with a robust, financially stable hybrid solution that will fairly and timeously compensate future road accident victims.
While conflicts such as the ongoing Iran-Israel-US war present clear risks, they may also give rise to emerging opportunities, says global professional services provider KPMG.
Amid heightened geopolitical tensions in West Asia and broader global uncertainty, the Indian government has moved to strengthen the country's maritime trade resilience through a major insurance initiative.
The Moroccan insurance industry has entered into a new phase of uncertainty, in the wake of the outbreak of armed hostilities in the Middle East, according to Mr Mohamed Hassan Bensalah, President of the Moroccan Insurance Federation (FMA).
Turkiye Sigorta, the country's biggest non-life insurer, has decided to double its paid-in capital to TRY20bn ($446m) through a 100% bonus issue, with funds to be transferred from retained earnings.