CY Leung, Former HK CEO, tells SCMP an increased focus on shipping services—like insurance—are needed in order to increase the attractiveness of the city’s port.
New ICA Charter aims to improve response and coordination to nat cats and introduces a new insurance event designation for catastrophes of unprecedented scale.
The insurtech attributes achievement to its tech-first approach and positive performance of flagship offerings, such as digital assets protection and pet insurance.
Majority of losses come from motor line, with Office of the Insurance Commission announcing new disaster management measures to expedite industry response to floods.
