Climate change will reduce future global income by about 19% in the next 25 years with the poorest areas and those least responsible for heating the atmosphere taking the biggest monetary hit, according to a new study.
Almost two-thirds (62%) of insurance executives recognise AI and machine learning technology as elevating underwriting quality and reducing fraud in the insurance industry.
The World Health Organization (WHO) has expressed concern regarding the potential for transmission of avian influenza to other species including humans.
High inflation is a primary macroeconomic driver of cargo crime patterns and the rise in food and beverages as a stolen commodity is one such indicator, according to annual Cargo Theft Report 2023.
By 2120, around a quarter of China’s coastal land could be below the sea-level, according to a research paper published in the scientific journal Science.
Climate change could see malaria cases in countries previously free of the disease, bringing new health risks for workers travelling overseas, according to health and security firm International SOS.
The health consequences of climate change can include cancer, cardiovascular disease, respiratory illnesses, kidney dysfunction and mental health conditions. Moreover, a ‘staggering’ number of workers, amounting to more than 70% of the global workforce, are likely to be exposed to these climate-change-related health hazards.
The 17th-annual data breach investigations report (DBIR) by Verizon has found that ransomware and the meteoric rise of extortion techniques accounted for a third (32%) of all breaches in last one year.
The UK P&I Club has expanded its safety and risk management remit to provide its members with resources and guidance to help them navigate increasingly complex risk environments.
A new global survey of 1,800 supply-chain leaders has revealed that average response time for supply chains to respond to disruptions is five days, hindering progress on resiliency and risk mitigation.
An area larger than Singapore has already been deforested to make way for nickel mines in Indonesia with a further 0.5m hectares of forest under threat as it pursues its ambition to be the world’s hub for electric vehicle (EV) battery minerals.
Indonesia, Malaysia, Thailand and Vietnam are the four ASEAN countries that are among the world’s top emitters and at high risk of climate disaster.
New research aims to provide a better understanding of the evolving threats of generative AI, cyber and IP and also provides a focus on the role insurance can play in protecting intangible assets to help organisations make better decisions regarding allocation of their finite resources to protect against tangible and intangible perils.