News

Reinsurer credit risk concerns persist for Fubon Insurance, says AM Best

February 5 2024

AM Best lifted 'under review with negative implications' but assigned negative outlook for Taiwanese insure, while Fubon Insurance Vietnam assigned a stable outlook.

wtw-insurance-holdings-pcric-launch-first-fiji-reef-parametric-cover

WTW, Insurance Holdings, PCRIC launch Fiji parametric cover

February 5 2024

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.

India expands support for flagship crop insurance programme

February 5 2024

Latest budget sees modest increase to 146bn rupees (US$200m), however life and health insurance tax reforms left unaddressed.

Lao PDR renews parametric flood cover with SEADRIF

February 5 2024

Renewed policy doubles number of flood level triggers to four.

MAS proposal looks to simplify purchase of life and critical illness policies

February 2 2024

MAS seeks feedback on proposal to reduce information required for insureds to obtain coverage.

FWD Group trims workforce by 50 in push toward profitability - report

February 2 2024

Anonymous sources told Reuters that workforce has been trimmed by 50, primarily affecting its Hong Kong and Singapore operations.

vc-technology-and-adaption-key-to-continued-insurance-expansion-in-gba-experts-say

VC, technology, and adaption key to continued expansion in GBA, experts say

February 2 2024

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.

perils-final-loss-estimate-for-auckland-anniversary-weekend-floods-hits-nzd-2-23bn

PERILS's final industry loss estimate for Auckland Anniversary Weekend Floods hits NZ$2.23bn

February 2 2024

Fourth and final insurance loss estimate reaches NZ$2.23bn (US$1.37bn), a 10% increase from PERILS third estimate in August.

ITC Forum: Insurers grapple with regulatory uncertainty, talent shortages as digital shift accelerates

February 2 2024

Industry practitioners at the InsureTech Connect Asia Roadshow in Hong Kong identified challenges they face in digital transformation.

Resolution Re inks flow reinsurance deal with Dai Ichi Life

February 1 2024

Flow reinsurance contract is Bermuda-based company's second deal with the Japanese firm.

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