Claims and losses

NatCat - 2023 Australias Christmas Storms

PERILS pegs final loss estimate for Australia's Christmas storms at AU$1.61bn

December 24 2024

Estimated industry losses of AU$1.606bn (US$1.01bn) increase slightly from third estimate of AU$1.563bn (US$960m) in July.

BHSI appoints Cheryl Tan as Head of Marine Claims for Asia Middle East

December 20 2024

Tan previously served as Head of Claims, Asia Pacific at Canopius.

Lucy Loh joins Delta Underwriting as Asia Claims Lead

December 18 2024

She brings nearly three decades of claims management experience to the MGA.

Chubb appoints John Latter as Head of Claims for Overseas General Insurance

December 17 2024

Latter is elevated from role as SVP, Claims Director for Europe, Eurasia & Africa.

Economic rebound, rising claims to drive Malaysia’s GI GWP beyond US$7bn by 2028: GlobalData

October 23 2024

Global Data notes the recovery of the country’s economy, which expanded by 4.4% this year, as a key factor.

Vietnam's Typhoon Yagi losses top US$500m

October 23 2024

Despite sizeable claims, 17% insurance coverage of total losses highlights Vietnam's insurance protection gap.

msig-asia-appoints-pal-and-kolmberger-as-senior-vice-presidents

MSIG Asia appoints Pal and Kolmberger in Senior Vice President roles

October 10 2024

Pal (left) joins as SVP and Head of Transformation, while Kolmberger (right) joins as SVP for Underwriting, Reinsurance, and Claims, with a focus on renewable energy.

Cliff Tan joins HDI Global Singapore as Assistant Claims Manager

October 10 2024

Tan moves to HDI Global from Sedgwick, where he was Associate Director.

Korean guarantee insurance payouts rise as economy falters - report

October 9 2024

Rising interest rates and inflation contribute to record-high guarantee insurance payouts in South Korea.

SEADRIF issues additional US$2.25m parametric payout to Lao PDR following Typhoon Yagi

October 2 2024

Second sum comes just a week after SEADRIF's initial US$750k payout, bring SEADRIF's total payout for the republic to a record US$3m.

Thai floods cause over US$12m in insurance losses: OIC

October 1 2024

Majority of losses come from motor line, with Office of the Insurance Commission announcing new disaster management measures to expedite industry response to floods.

Insurance claims for Typhoon Shanshan exceed US$180m

October 1 2024

The typhoon battered southwest Japan from 28 Aug to 1 Sep, causing widespread destruction and displacing up to 5.2 million people.

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25 September