Non-life

General insurers warned that unqualified expert opinions are being used in claims decisions

August 28 2024

Australia's Code Governance Committee report says it reveals "a landscape where external experts provide opinion outside the scope of their expertise, potentially leading to poor claims decisions, disputes...

over-2-million-customer-records-leaked-in-seconded-employee-data-breach-cases-report

Over 2 million customer records leaked in Japan seconded employee data breaches: Report

August 28 2024

Japan's non-life insurers set to report to Financial Services Agency within the week over significant unauthorised sharing of rival data.

Rising sea levels leave nearly 500,000 Australian properties 'uninsurable'

August 28 2024

Study by Aon and Monash University highlights the importance of greater investment in climate models.

WTW Singapore recruits Aon's Felicia Tan as Associate Director, Financial Solutions

August 27 2024

Tan joins from Aon where she was serving as Associate Director for Credit Solutions, Asia.

peak-re-appoints-peter-hammerli-as-head-of-business-operations

Peak Re appoints Peter Hämmerli as Head of Business Operations

August 27 2024

Hämmerli brings 25 years of reinsurance experience to the Hong Kong-headquartered global reinsurer.

Japan’s motor premiums to see 3.5% to 5% increase next year - report

August 27 2024

Amid inflation and nat cats, Japan's big four non-life insurers plan to hike premiums by 3.5% to 5% from January 2025.

Chubb recruits Alan Chiew as Chief Information Officer for Asia Pacific

August 27 2024

Chiew joins from Standard Chartered where he was serving as Global head of Technical for Digital Channels.

Hard reinsurance market to remain for ‘at least’ two more years: AM Best

August 27 2024

AM Best forecasts reinsurance hard market will persist due to climate risk, higher interest rates, and increased risk complexity.

number-of-insurance-affordability-stressed-households-in-australia-rose-30-in-last-year-actuaries-institute

Number of insurance affordability-stressed households rises 30%: Australia's Actuaries Institute

August 27 2024

New report warns that the issue of affordability is bigger than insurance and could be a problem for lenders, regulators, and governments.

korea-p-and-i-club-ratings-affirmed-amid-strategic-underwriting-overhaul-due-to-large-claims

Korea P&I Club's ratings affirmed amid strategic underwriting revamp

August 26 2024

AM Best affirms B++ ratings KP&I's risk while noting the club has reduced its exposure to larger-sized vessels.

Patrick Carter joins Sedgwick Australia’s liability team

August 26 2024

Carter brings over 15 years of industry experience to new role.

taishin-and-shin-kong-announce-merger-amid-ctbc-takeover-bid

Takeover battle for Shin Kong Financial intensifies with CTBC’s new bid

August 26 2024

CTBC makes new offer to acquire a majority stake in Shin Kong, with a premium above rival Taishin's offer.

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