Insurers heavily exposed to climate change & more…Keep up with what has been happening this week in our latest insurance news round-up…

RSA completes personal lines exit with sale of UK operations to Admiral

The deal represents the conclusion of a strategic exit from the UK personal lines market

Insurers heavily exposed to climate change, global watchdog says

Insurers are heavily exposed to the impact of climate change and also face risk from their alternative investments in reinsurance, the International Association of Insurance Supervisors said in a report on Wednesday.

Rosetta Risk Management secures investment to transition to an insurance MGA

Focus of new MGA to be capturing and monitoring carbon footprint

UK gov announces £20 million disaster risk financing package at COP28

Announced by Andrew Mitchell, International Development and Africa Minister at COP28, the almost £20 million funding package is part of a £100 million pledge made by the UK government at the annual climate conference in Dubai.

Standalone health insurers continue to outpace non-life firms in India

Recent industry data for November reveals that standalone health insurers in India have played a pivotal role in propelling growth within the non-life insurance sector.