The ICA has activated early catastrophe processes and warned residents to prepare for more storms following Brisbane and Ipswich hailstorm on 26 October.
(Re)insurers need to combine their strengths, use better data, and shift beyond traditional protection roles to focus on anticipating and preventing risks, says Swiss Re’s Victor Kuk.
The funding, led by Hong Kong-based Yunfeng Financial Group Limited, will support the development and rollout of life insurance products denominated in digital currencies.
