Predicted CAGR rate of 11.8% will catapult APAC's liability insurance industry from US$39.4bn to US$61.7bn, with China being the largest contributor, according
AM Best expected Beneficial to experience moderate underwriting growth, thanks primarily to the expansion of its central pet insurance line of business.
The Australian and New Zealand Institute of Finance and Insurance (ANZIIF) has announced the welcomed Tez, CEO of Resolution Life Australasia, and Phillips, General Manager at AIA, to its board.
The Tasmanian government has abolished the Fire Services Levy (FSL) on business insurance policies, prompting further calls for the NSW to do the same.
The four major Japanese insurers will report their findings to the FSA on Friday, with an anonymous source claiming 100 corporate clients have been affected by improper business practices.
The six NGOs are the Red Cross Blood Transfusion Service, Junior Achievement, Hong Kong Federation of Youth Groups, Time Auction, KELY Support Group, and Tung Wah Group of Hospitals.
