Financial and professional lines temper Pacific composite insurance pricing
Marsh’s Global Insurance Market Index shows that D&O in the Pacific fell by over 15% for some insureds, as capacity and competition increased.
William Seccombe joins Miller from Lockton to helm Financial Lines for Asia
Industry veteran Seccombe joins Miller to spearhead the (re)insurance broker’s Financial Lines business in Asia.
An estimated US$20bn spent on IFRS 17 transition: senior EY consultant
Insurers should take advantage of automation to leverage the data the new standard will produce, said Martyn van Wensveen, a senior management consultant at EY.
Insurance industry urged to take ‘seat at the table’ of global climate discussions
At the 2023 Global Insurance Forum, senior executives said the industry can do more for sustainability, with the chair of Zurich commenting, “We can contribute to a lot of solutions.”
Australia: Coastsure consolidates Gold Coast presence with acquisition of Ausure
Coastsure, one of the largest local insurance brokers on the Gold Coast, strengthens its portfolio through the acquisition of Ausure Gold Coast.”
Manulife Asia appoints former AXA executive Sabrina Cheung as Chief Communications Officer
Cheung will bring extensive experience to her new role, gained from senior roles at AXA, Cigna, adidas Group, Coca-Cola Company, and McCann WorldGroup.
Korea’s Shinhan EZ General Insurance enters Indonesia through partnership with PasarPolis
Shinhan EZ General Insurance will enter Indonesia through a partnership with PasarPolis’s Tap Insure, with an initial focus of servicing Korean firms that operate within Indonesia.
IRDAI establishes taskforce to strengthen bancassurance model in India
The regulator is aiming to study and propose improvements for the channel, as one of ‘ reaching the last mile’ and making insurance products available to ‘every nook and corner’ of the country.
Peak Re: Indian middle class willing to pay the most for cyber cover
India’s burgeoning middle class emerges as most willing to pay for cyber across emerging Asian markets, with mental health also a rising concern.
MSIG Singapore upgrades motor plan in response to rising EV ownership
Amid rising adoption of electric vehciles, MSIG Singapore has improved its motor benefits for EV owners at no extra cost.
