Waiting periods and covered-event triggers could limit recovery, while outsourced hosting arrangements open a route to professional liability and subrogation claims.
The proposed legislative amendment aims to ensure risks arising in the disaster insurance market are distributed more equitably between insurers and the state.
The earthquake left a trail of destruction across Nagqu City, collapsing at least 339 homes, forcing more than 12,000 people to relocate and disrupting rail and road links.
The revised code would write insurers’ obligations into consumer contracts for the first time, and insurers would have to accept any home or motor claim still undecided after 12 months because of their...
The Financial Supervisory Commission has instructed insurers to prepare for typhoon-related claims and support affected customers as Typhoon Champi prompts precautionary closures across the island.
Oriental Insurance has reportedly been informed as SBI investigates the suspected breach and quantifies potential losses linked to customer data exposure.
He will take charge of India, Sri Lanka, Australia and New Zealand from 2 November, joining the Group Executive Committee and reporting to Lee Yuan Siong.
Backed by double-digit revenue growth in 2026, PVI Insurance is partnering with one of Thailand's largest banks to support its expansion across Asia Pacific.
