Aon has announced two senior appointments to support the growing complexity and capital demands of digital infrastructure investment worldwide.
The heads of the International Energy Agency, International Monetary Fund, and World Bank Group have agreed to form a coordination group to maximise their institutions' response to the energy and economic impacts of the war in the Middle East.
The Insurance Authority has announced the transition to the mandatory implementation of the Risk-Based Capital (RBC) framework, effective 1 January 2027.
The Insurance Association of China (IAC) has published the "Self-Regulatory Code of Conduct for the Management of Insurance Product Suitability".
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.
The conflict in the Middle East has introduced a significant new source of risk into the global economy, that until recently, had looked reasonably resilient, according to the International Monetary Fund's First Deputy Managing Director Dan Katz.
The International Association of Insurance Supervisors (IAIS) has released two publications, marking the completion of its multi-year cycle of assessing implementation of the supervisory material of the Holistic Framework for systemic risk in the insurance sector. South Africa is among the markets assessed.
The China Reinsurance (Group) Corporation (China Re Group) has carried out a preliminary comprehensive assessment of the impact of the US-Israeli-Iran hostilities on its operations. The Group finds that the current impact of the war on it is generally manageable, but uncertainties remain due to ongoing developments.