Accident & health and property losses weigh heavily on Hong Kong’s GI market in the first nine months of 2023, culminating in a HK$1.4 billion underwriting shortfall year-on-year.
ADB considering establishment of risk facility in Hong Kong, Kazakhstan, Singapore, or Labuan, which aims to manage nat cat impacts for 11 CAREC member nations.
RACQ fined AU$10m (US$6.64m) after court found it had mislead 458,000 policyholders on discount entitlements, denying approximately AU$86.5m in discounts.
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