Browsing: Insurance

The concern here is about the Global insurance trends and events including news breaks in the sector and analysis

The international shipping industry continued its long-term positive safety trend over the past year but has to master Covid challenges, apply the learnings from the Ever Given Suez Canal incident and prepare for cyber and climate change challenges ahead. The number of large vessels lost remained at record low levels in 2020, while reported incidents declined year-on-year, according to marine insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2021.

Financial institutions and their directors have to navigate a rapidly changing world, marked by new and emerging risks driven by cyber exposures based on the sector’s reliance on technology, a growing burden of compliance, and the turbulence of Covid-19, according to a new report Financial Services Risk Trends: An Insurer’s Perspective from Allianz Global Corporate & Specialty (AGCS).

Promoted by governmental funding programs worldwide, hydrogen is predicted to play a leading role in the energy transition towards a low-carbon economy. As an alternative to fossil fuels like oil and coal, hydrogen solutions could be key for tackling climate change in future, helping many industries to reduce their carbon emissions

End SARS” demonstrations in Nigeria, student protests in South Africa or clashes in Ethiopia: Damages, disturbances and, ultimately, losses from riots, protests, vandalism or other forms of civil unrest are now among the main political risk exposure for companies, with the ongoing impact of the Covid-19 pandemic likely to drive further activity, according to the latest issue of Global Risk Dialogue from Allianz Global Corporate & Specialty (AGCS).