Head of Marketing and Communications, Marsh+65 6922 8094
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Marsh to launch exclusive partnership with a panel of insurers in Asia to offer preferred directors and officers liability insurance terms and conditions based on the strength of environmental, social, and governance (ESG) risk frameworks.
Global commercial insurance prices increased 4% in the fourth quarter of 2022 (down from a 6% increase in Q3 and a 9% increase in Q2), according to the Global Insurance Market Index released today by Marsh.
According to a new report by Mercer Marsh Benefits (MMB), cybersecurity and data privacy is now ranked as the top people-related risk by companies in Asia, followed by the risk of pandemics and other communicable diseases, and administration and fiduciary risks.
While rising demand for digital connectivity has increased the potential for service disruptions in the communications, media, and technology sector, companies in Asia are facing constraints in obtaining adequate insurance cover to match the risks they face.