Business type

Hong Kong IA to review RBC, refine group-wide supervision framework to support market growth

September 9 2024

Chairman Stephen Yiu says IA is committed to enhancing prudential frameworks, focusing on RBC and group-wide supervision to attract more business and investment to Hong Kong.

two-years-on-points-of-contention-remain-for-australian-cyclone-reinsurance-pool-finity

Cyclone pool coverage extension may raise premiums, but could benefit high-risk areas

September 9 2024

Extending flood coverage to 168 hours is estimated to raise premiums by 5%, but new modelling could see high-risk properties better subsidised.

australasias-design-amp-construction-pi-market-seeing-shift-to-more-pronounced-softening-wtw

Australasia's design & construction PI market seeing shift to 'more pronounced softening': WTW

September 9 2024

High-quality new capacity is set to continue to enter Australasia's construction insurance market in the latter half of 2024 and the early months of 2025.

‘Urgent’ need to close global cyber insurance protection gap

September 9 2024

Marsh, Zurich whitepaper outline three-part plan to expand cyber coverage by strengthening resilience, quantifying cat risks, and increasing public-private partnerships.

australias-gi-code-review-panel-calls-for-mandatory-nat-cat-plans-amid-claims-shortcomings

Australia's GI code review calls for mandatory nat cat plans to improve claims handling

September 9 2024

Independent review provides 104 recommendations around financial hardship, customer vulnerability, claims handling, enforceability, and governance.

proposed-currency-rules-may-cut-hedging-costs-but-increase-fx-risks-for-taiwan-life-insurers

Taiwan's proposed currency rules may cut hedging costs but increase FX risks for life insurers

September 6 2024

Moody's says FSC proposal could cut hedging costs, but may lead to asset-liability currency headaches.

everest-recruits-maureen-ung-from-zurich-as-head-of-claims-for-singapore

Everest's Maureen Ung makes swift transition to Commercial Director, Asia

September 6 2024

Ung has made an immediate impact at the (re)insurer, having joined in July as Head of Claims.

dan-elliot-appointed-head-of-cyber-resilience-at-zurich-resilience-solutions-australia

Dan Elliot takes up newly created Head of Cyber Resilience at Zurich Resilience Solutions Australia

September 6 2024

He joins from ZRS’s Canada office, bringing in over 17 years of experience in cyber security.

cathay-century-ratings-affirmed-as-taiwanese-insurer-builds-back-toward-pre-pandemic-profitability

Cathay Century's ratings affirmed as Taiwanese insurer builds back toward pre-pandemic profitability

September 6 2024

AM Best affirms 'A' ratings, highlighting insurer's risk selection and rate adjustments.

serenity-health-partners-launches-in-singapore-with-msig-as-a-majority-shareholder

Serenity Health Partners launches in Singapore with MSIG as a major shareholder

September 6 2024

Health insurance solutions provider will officially launch in Singapore on Oct 1 with plans for expansion into Indonesia and Vietnam in 2025.

two-years-on-key-points-of-discussion-remain-for-australian-cyclone-reinsurance-pool

Two years on, key points of discussion remain for Australia's Cyclone Reinsurance Pool

September 6 2024

Pool achieves broad coverage, but debate about coverage periods, loss types continue, and exact consumer savings are hard to quantify, says Finity.

overseas-premiums-fuel-growth-for-japans-top-3-non-life-insurers-in-fiscal-q1

Overseas premiums drive fiscal year Q1 gains for Japan's leading non-life insurers

September 6 2024

S&P analysis shows Japan's top 3 non-life insurers rebounded from stock price falls, with improved net income and strong overseas premium growth.

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