Climate change, which is driving more frequent and increasingly severe natural catastrophes, is a growing threat to reinsurers because they accumulate losses from primary companies.
US consumer spending continues to fare better amid signs of economic stress, but is softening heading into the 2022 holidays. Shoppers are cutting back on discretionary items and shifting to services.
A September 2022 analysis by Moody’s Investors Service reveals which industries and sectors face the greatest risks to cybersecurity threats.
Despite policy guidance to stabilize the property sector, China’s property sector remains troubled with more defaults looming. Banks will maintain a cautious approach in their financing to the sector, and financial distressed developers will continue to raise asset risks for banks.
New, digital-only challenger banks are growing rapidly across the globe. Some have achieved outstanding cost efficiency and profitability.