Subject: ESG Page 6 / 11
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- June 16 2023
Philippines to get US$750m World Bank loan for ESG, expanding crop insurance
The policy loan will bolster environmental protection and fund new insurance products for smallholder farmers and support operations of the Philippine Crop Insurance Commission.
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- June 15 2023
Carriers bet on APAC renewables despite losses
Underwriters await a market correction as regional investments in innovative projects such as floating solar panels increase.
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- June 2 2023
Zurich | Aligning your climate resilience strategy with evolving disclosure requirements
Climate reporting as a mere checkbox exercise may not yield meaningful information if companies fail to manage their risks.
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- May 30 2023
MS&AD leaves Net-Zero Insurance Alliance
The insurance group is the last of Japan's big three to exit the climate group, following Tokio Marine and Sompo's exits in the last few days.
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- May 30 2023
Asian carriers join net-zero exodus
With Japan’s big three calling it time, IAG, Samsung F&M and KB are the only APAC carriers left in the alliance.
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- May 29 2023
Tokio Marine quits climate alliance
The Japanese insurer said it remains committed to the transition towards a decarbonised society.
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- May 26 2023
Scor latest to exit net zero alliance
This is the fifth exit from the NZIA after Swiss Re, Hannover Re, Zurich and Munich Re.
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- May 15 2023
New Zealand announces US$720m cyclone, flood recovery package
The budget will go towards rebuilding roads, rail, schools and flood protection.
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- April 25 2023
Net-zero alliance’s existential dilemma
As Munich Re, Zurich and Hannover Re leave the NZIA, in part due to US antitrust concerns, Asian carriers have more flexibility with a lack of opposition to ESG investments in the region.
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- April 21 2023
Singapore extends ILS grant scheme till 2025
The Monetary Authority of Singapore's US$11.25m grant will subsidise the cost of issuing catastrophe bonds and the expanded suite of securities that focus on Asia risks.
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- April 20 2023
Korean P&C insurers falling short on oil and gas exclusions
While most of the insurers have started acting on coal policies, only Samsung has extended it to the petroleum industries.
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- April 20 2023
Hannover Re becomes third major to leave Net-Zero Insurance Alliance
The reinsurer has joined Munich Re and Zurich in quitting the global climate group but hasn't given a specific reason.
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- April 11 2023
Market dislocation unlikely to disrupt Asian carriers
Asian insurers are casting their investment nets wider with a growing impetus on the sophisticated aspects of ESG.
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- April 6 2023
Zurich quits climate alliance after Munich Re exit
Zurich says it remains 'fully committed . . . to supporting the net-zero transition'.
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- April 4 2023
Marsh launches ESG ratings for Asia D&O covers
Capacity providers, which include Beazley, will offer preferred terms and conditions to companies that meet minimum criteria based on the risk score.
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- April 3 2023
Munich Re quits net-zero alliance citing antitrust risks
The reinsurer claims it will pursue its own climate targets focusing on reducing greenhouse gas emissions.
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- March 10 2023
Blue Marble to pilot extreme heat parametric cover in India
The insurance, to be offered in partnership Arsht-Rock Foundation and SEWA, will protect women workers in the informal sector against income loss from extreme heat.
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- March 9 2023
Exclusive: Philippines oil spill could cost Shipowners’ Club over US$100m
IAN understands that the P&I club is the sole insurer on a sunken oil tanker that was carrying 800,000 litres of toxic fuel oil.
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- February 15 2023
Ping An floats first-ever ocean carbon sink insurance
Product provides US$58,000 worth of cover against specific changes in the marine environment that damage local species.
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- January 25 2023
Aon implements OED standard for property reinsurance risk modelling
Initial testing on reinsurance placement data for Japan, Australia and China has proved highly successful.
