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ESG
ASIC Chair: ESG is here to stay and regulatory change is coming
June 5 2023
Joe Longo was speaking at the AFR ESG summit in Sydney and emphasised the importance of ESG for consumers, investors, companies and the planet.
Another day, another exit: Japan's MS&AD and Tokio Marine joins NZIA exodus
May 30 2023
Their departures make it three from three big Japanese insurers who have left the climate Alliance, after Sompo withdrew last week.
Update: Lloyds joins Allianz, AXA, QBE, SCOR, Sompo and Swiss Re in flood of (re)insurers to leave NZIA
May 27 2023
Three members left the NZIA in April; seven more followed suit this week, with Republican anti-trust pressure raising serious doubts about the Alliance's viability.
Viability of Net-Zero Insurance Alliance under further scrutiny as Swiss Re becomes latest founding member to exit
May 23 2023
Of NZIA's eight founding members, three have left in the last two months.
FWD expects expanded financial literacy program to benefit 25,000 students by 2024
May 22 2023
The ESG initiative has already rolled out to Hong Kong, Singapore, Indonesia and Vietnam. It will expand to Japan, Thailand, and the Philippines soon.
PERILS increases industry loss estimate of Cyclone Gabrielle to NZ$1.925 Billion
May 17 2023
The estimate is a 25% increase over the data provider's initial estimate in March.
Aon establishes new climate hub in Singapore
May 17 2023
The hub is part of Aon's Centre for Innovation and Analytics, which Aon plans to grow significantly over the next ten years.
QBE sees Q1 GWP growth of 11%, but revises full-year CR target as Nat Cats hit hard
May 12 2023
The group performed well by some measures, but in April alone used US$480m of their 1H US$553m Nat Cat allowance.
Australian Government to establish new Net Zero Authority
May 12 2023
While the insurance implications are far from known, the timing coincides with recent global upheaval of the Global Net-Zero Insurance Alliance.
Insurance Council of Australia welcomes Labour Government's budget, but pushes for more to be done
May 10 2023
The ICA had previously recommended extending the Disaster Ready Fund to ten years, but the proposal has yet to be adopted.
Philippine's Insurance Commission Chief to Insurers: use new technology and reduce the protection gap
May 2 2023
Reynaldo Regalado, the new Head of the Insurance Commission, spoke at the 16th Philippine Insurance Summit.
PERILS updates loss estimate for October Southeast Australian floods to AU$907 million
April 28 2023
Personal property lines comprise 65% of the loss, followed by commercial property (25%) and then motor (10%).
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