The ongoing conflict in the Middle East has resulted in a more complex and evolving risk environment for airlines across Asia, affecting operations, costs and insurance dynamics. Aon's Head of Marine and Regional Aviation Lead for Asia, Stephen Rudman, said this as the US and Iran reached a two-week truce, giving a temporary reprieve from the war that has rattled the global economy.
The two-week ceasefire in the ongoing conflict between Iran and the US and Israel may signal regional stability and important first steps towards a gradual normalisation of flows.
The Asia Insurance Industry Awards (AIIA) have reached a landmark 30th year, with nominations now officially open.
Just 50% of organisations in Asia feel confident in their cyber risk management and mitigation efforts, a level which is significantly below the global average of 72% and the lowest globally, according to a study by the world's biggest insurance broker Marsh.
The global reinsurance market is continuing to soften, with noticeable rate reductions seen in key 1 April renewal regions across Asia and India, according to a recent report by Guy Carpenter, a Marsh McLennan business and leading global risk and reinsurance specialist.
Women in Asia define long-term financial security primarily in terms of stability and resilience: the ability to withstand shocks, maintain independence, and support loved ones through life's uncertainties, according to a study by Sun Life Asia.
The Middle East conflict could lead to an energy-supply crunch that may derail activity in Asia-Pacific, says S&P Global Ratings in a new report.
Artificial intelligence is expected to lead to more flexible, relevant, and customer-centric insurance products. This is according to PolicyStreet Co-founder and Chief Product Officer Winnie Chua, who said that for many insurers, the shift is not just about efficiency but also about fundamentally rethinking how coverage is designed and delivered.
Airline Pilots' Association of India (ALPA) has urged the Indian civil aviation ministry and regulator Directorate General of Civil Aviation (DGCA) to suspend flight operations into high-risk conflict zones till a centralised risk assessment is carried out amid the escalating West Asia crisis.
Asia-Pacific insurers have sufficient capital buffers to absorb investment and underwriting stresses from the Middle East conflict, in S&P Global Ratings' (S&P) base case.