Non-life

Taiwan unveils draft AI law as it looks to regulate insurance and other sectors

July 17 2024

The proposed law looks to establish clear guidelines for use and accountability of AI, amid wider concerns that APAC insurers could be lagging behind the technology.

IRDAI may adopt risk-based supervision model for insurance sector - report

July 16 2024

At HDFC Life's AGM, Chairman Keki Mistry suggested the regulator might consider adopting the model.

NSW Government proposes new safety standards for lithium-ion battery products

July 16 2024

Government looking to fast-track safety standards in a bid to curb a notable rise in lithium-ion related fires.

insurance-council-calls-for-national-climate-adaptation-model-and-ambitious-2050-goals

ICNZ calls for national climate adaptation model and ambitious 2050 goals

July 16 2024

The Insurance Council of New Zealand calls on Government to lead coordinated climate adaptation strategy to enhance nat cat resilience.

Ben Howell promoted to Country President for Chubb Australia and New Zealand

July 16 2024

Howell had been serving as Head of Consumer for APAC prior to the promotion.

guy-carpenters-krystina-wallis-promoted-to-head-of-gc-access-for-anz

Krystina Wallis appointed to lead Guy Carpenter's MGA practice for ANZ

July 16 2024

Wallis, who has been with Guy Carp since 2020, is elevated to Head of GC Access for Australia and New Zealand.

Singapore targets private wealth managers for ILS investment

July 16 2024

SGX has listed seven ILS so far in 2024 and the MAS said issuers from India and Africa are considering Singapore as a domicile.

Munich Re Specialty elevates Guy Smith to Group Head of Cargo

July 15 2024

Smith has 30 years of marine and specialty market experience.

sampp-global-ratings-affirms-bangkok-insurances-ratings

S&P affirms Bangkok Insurance's ratings at A- under revised capital criteria

July 15 2024

S&P retains ratings with a stable outlook, expecting the insurer to maintain its dominance in Thailand's P&C market.

peak-re-elevates-david-menezes-to-chief-risk-officer

David Menezes promoted to Chief Risk Officer at Peak Re

July 15 2024

Menezes joined the reinsurer in 2016 and has been serving as Deputy CRO since September 2022.

Steadfast and AUB enter AM Best’s top 20 global insurance brokers

July 15 2024

The two Australian brokers debut in 17th and 18th by revenue in 2024 rankings, while Gallagher leapfrogs WTW into third.

Thailand's Syn Mun Kong Insurance loses non-life license

July 15 2024

SMK had become insolvent following substantial losses due to COVID-19 policies.

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