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Emerging risks | Growth Opportunities | APAC Insurance

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Sunday, August 23, 2026

Claims and losses

iag-earnings-could-suffer-blow-from-queensland-storms-citi
RACQ losses from Queensland storms could blow past budget and hit IAG earnings — Citi
December 16 2025
IAG, which bought RACQ's book for A$855m in September, faces added pressure from October storms.
cgc-reports-progress-on-insurers-oversight-of-external-experts
Australia's GI code committee flags industry progress, but gaps remain in external expert oversight
December 11 2025
The follow-up report said eight insurers now prevent external experts from recommending claim outcomes.
coupang-data-breach-exposes-koreas-mandatory-cyber-insurance-gap-with-meritz-policy-capped-at-us682k-reports
Coupang data breach exposes Korea's mandatory cyber insurance gap with Meritz policy capped at US$682k
December 9 2025
The breach exposed personal data from 33.7 million accounts, leaving Coupang facing potential compensation claims of trillions of KRW, far exceeding the insurance policy’s limit.
12000-policies-tied-to-tai-po-fire-as-regulator-ramps-up-claims-support
12,000 insurance policies tied to Tai Po fire as regulator ramps up claims support
December 8 2025
Regulator says claims figures still in flux as industry mobilises response to Hong Kong's deadliest blaze in decades.
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China Taiping Hong Kong’s reinsurance arrangements, capital buffers to absorb Wang Fuk Court losses — AM Best
December 5 2025
AM Best has affirmed the insurer’s ratings, noting the net retained loss is expected to be manageable.
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Taiping Re, China Re, Qianhai Re identified among reinsurers behind Hong Kong's Tai Po fire
December 4 2025
China Taiping finds itself on both sides of the claims ledger following Hong Kong's deadly Tai Po fire, with its reinsurance subsidiary among three confirmed reinsurers backing the group's primary insurance...
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7600 life, 1100 property policies linked to Wang Fuk Court residents, says HKIA, as first payouts begin
December 4 2025
China Taiping says it has paid HK$5.37m (US$690k) in the first wave of compensation to residents.
Wang Fuk Court fire to raise Hong Kong non-life insurers combined ratio by up to 3 points estimates SP
Wang Fuk Court fire expected to lift Hong Kong non-life insurers’ combined ratio by up to 3 points — S&P
December 2 2025
Hong Kong's P&C industry expected to maintain an underwriting profit, but firms may review risk retention, pricing, and reinsurance strategies.
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45,000 claims received following QLD, NSW severe storm and hail, as ICA expands event declaration
November 28 2025
Insurers increase on-the-ground deployment as damage assessments continue and more regions seek support.
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China Taiping issues statement, confirms it underwrote key Wang Fuk Court insurance policies
November 28 2025
Taiping Hong Kong pledges swift claims handling and full support for those affected by the fire that has killed at least 94 people at the scaffold-wrapped estate.
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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.