At Parliamentary inquiry, Hall said some claims 'were not handled to the standard our industry strives to achieve,' but added that industry leaders were committed to improvements.
AM Best lifted 'under review with negative implications' but assigned negative outlook for Taiwanese insure, while Fubon Insurance Vietnam assigned a stable outlook.
Policy is first parametric solution to include Fiji's coral reefs and provides cover up to US$450,000 for reef repair and community aid in the event of a cyclone.
At the InsureTech Connect Asia Roadshow in Hong Kong, industry leaders discussed the potential and challenges of further tapping into the Greater Bay Area's insurance market.
