More than CNY270bn ($37bn) of China's high-risk energy storage assets lack effective insurance protection, according to a white paper jointly released by Generali China and Fudan University late last year. This gap is growing by roughly CNY160bn annually.
More than 70 organisations from over 20 countries across six continents have urged the biggest global insurance and reinsurance groups to stop providing insurance for fossil fuel projects and fossil gas expansion in Southeast Asia's Coral Triangle. These pose significant risks to the most biodiverse marine area on Earth.
The petroleum supply shock from the Iran-US War looks likely to cost global GDP growth about 0.5% - 0.6% with potential losses rising the longer the Strait of Hormuz remains effectively closed, said Eastspring Investments in its quarterly outlook report.
The current energy crisis has been a powerful catalyst for change across Southeast Asia. Price volatility and supply disruptions have underscored two structural vulnerabilities in the region's energy systems - an over-reliance on imported fossil fuels, and insufficient resilience in fuel procurement and energy infrastructure.
The Insurers Federation of Egypt (IFE) is working to broaden the scope of sustainable insurance and advance insurance inclusion, with the aim of ensuring that all citizens have access to insurance services through a range of targeted initiatives.
While Gen Z leads in sustainability awareness, older Singaporeans are more consistent in taking sustainability-related action in daily life, according to a recent survey.
Four in five of Indians (82%) fear rising healthcare costs and the adequacy of their insurance coverage, in case a catastrophic illness takes place in the family, according to the findings of a new survey.
The African insurance sector is demonstrably on a path towards greater sustainability, with significant progress being made by key players across the continent, according to the "Current State Report 2025".
As the traditional Indian joint family structure shifts toward nuclear families and urban migration, two key groups are shaping the country's changing retirement mindset, according to a new study.
The role of IFSCA- IRDAI GIFT City in advancing India's aspiration to become a global reinsurance hub is extremely important as India stands at the cusp of transformative growth in the vital sector of reinsurance, according to the Secretary of the government's Department of Financial Services.