Reinsurance

[NEW YORK] The US is doubling, to US$40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, i...

They must exercise strong risk management and apply robust stress testing, adds the central bank’s assistant MD Marcus Lim

Larger tail events and the clustering of secondary perils can lower predictability

They face a growing array of challenges – shifting trade policies, cybersecurity risks and natural disasters – that could threaten their future capacity and viability