Unveiling a New Market Dynamic in Climate Accountability Imagine a world where the financial burden of climate disasters shifts dramatically, placing governments under unprecedented scrutiny for infrastructure failures. This scenario is unfolding in South Africa, where Tokio Marine and Nichido Fire
A Rude Awakening: When Nature Strikes Without Warning Picture a sprawling manufacturing hub in a coastal region, humming with activity one day and submerged under floodwaters the next. In mere hours, millions in inventory are lost, operations grind to a halt, and supply chains spanning continents
Sweden’s property and casualty (P&C) insurance market, valued at €10 billion in premiums, stands as the largest in the Nordic region, presenting a fertile ground for global players to stake their claim. Amidst a landscape dominated by a handful of major insurers, a compelling challenge emerges: how
In the heart of California, where wildfires have become an unrelenting force of nature, a staggering crisis unfolds year after year, leaving communities devastated and the insurance industry in disarray. With billions of dollars in damages and countless homes reduced to ash, the state faces an
Nigeria's maritime industry stands at a critical juncture, grappling with an outdated financial burden that threatens its global competitiveness, as the federal government intensifies its plea for the removal of war risk insurance premiums on ships entering its waters. These premiums, initially
In a landmark move for Nigeria's financial landscape, a transformative piece of legislation has recently been signed into law by President Bola Tinubu, promising to reshape the insurance sector in profound ways. Enacted on August 5, this new legal framework introduces sweeping reforms aimed at
