Are Asian insurers doing enough to prepare for climate liability?
May 30 2022 by Nick Ferguson
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Opinion: Baltimore marine disaster serves as potent warning for Asia marine market
- April 1
With rates sure to correct for the multi-billion dollar loss from the event, the region has more at stake with mega-vessels concentrating trade into fewer mega-ports, which can lead to potentially higher risks and mega-claims.
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Opinion: AI will tip the balance – the question is, when?
- March 26
While algorithms are great at working with tried and tested data and assumptions, conceptualising scenarios outside the given parameters is not within their capabilities and an underwriter’s assessment is still needed.
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Opinion: Growing lithium-ion battery fire lawsuits pose an emerging risk for insurers
- March 8
While there remain questions about whether the original cause of loss is battery fires, an increasing number of cases is looking to establish the connection that will have ramifications for the industry.
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Opinion: How long will it take for Asia to bridge the nat cat protection gap?
- March 1
Despite Asia constantly hitting records with the costliest catastrophes happening in the region, the sort of nat cat cover that can be bought in many economies in Asia Pacific is necessarily constrained and ineffective in the face of the growing threat from climate change.
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FM Global | Resilience: No longer a choice
As climate disclosure becomes mandatory and new risks emerge from natural hazards, understanding the tools that are available to build resilience is more important than ever.
