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PCIC pressed to modernise operations, update practices, and engage with reinsurers
July 17 2024
Department of Agriculture's call for change echoes recent World Bank report which highlights Philippines' vulnerability due to absence of reinsurance.
QBE introduces global cyber insurance product, QCyberProtect
July 17 2024
New policy addresses a range of cyber risks and is available in ten countries including Australia, Hong Kong, Malaysia, Singapore, and Vietnam.
Munich Re promotes Thibault Imbert to Principal for Digital Solutions P&C
July 17 2024
Imbert has been with the German reinsurer for nearly six years and moved to Singapore in 2021.
GCube launches Battery Energy Storage System consortium with Lloyd's Syndicates
July 17 2024
New consortium offers up to US$100m in coverage, a move likely to impact the growing BESS market in Australia.
GIC Re adopts SAP Fioneer solution ahead of IFRS 17 rollout
July 17 2024
Full implementation of new accounting standard is set for April 2025.
Taiwan unveils draft AI law as it looks to regulate insurance and other sectors
July 17 2024
The proposed law looks to establish clear guidelines for use and accountability of AI, amid wider concerns that APAC insurers could be lagging behind the technology.
IRDAI may adopt risk-based supervision model for insurance sector - report
July 16 2024
At HDFC Life's AGM, Chairman Keki Mistry suggested the regulator might consider adopting the model.
NSW Government proposes new safety standards for lithium-ion battery products
July 16 2024
Government looking to fast-track safety standards in a bid to curb a notable rise in lithium-ion related fires.
ICNZ calls for national climate adaptation model and ambitious 2050 goals
July 16 2024
The Insurance Council of New Zealand calls on Government to lead coordinated climate adaptation strategy to enhance nat cat resilience.
Ben Howell promoted to Country President for Chubb Australia and New Zealand
July 16 2024
Howell had been serving as Head of Consumer for APAC prior to the promotion.
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