AIA highlighted as Hong Kong moves up to third in Morningstar Sustainability Atlas
Hong Kong ranked as the highest non-European market for sustainability, but performed poorly when measured by Carbon Intensity
New Zealand: 2022 set new record for extreme weather claims, but 2023 is already multiples worse
The amount claimed for climate-related issues in 2023 is nearly NZ$2.5bn, dwarfing the NZ$350 million record set for 2022.
Report: Indian GST Authorities issue notices to insurers for fictitious services and fraudulent tax credits
The notices are for disguised payouts which may have given insurers a competitive advantage.
Australia: Marketlend settles with Tokio Marine’s BCC, litigation continues against QBE and Chief Trade Credit Insurance
The settlement could set a precedent for other disputes involving cover for commodity trades.
IAG invests in underwriting automation insurtech Planck
Firemark Ventures’ investment is part of IAG’s strategy to back cutting-edge and disruptive technologies.
PVI named as lead insurer for North Vietnamese Helicopter crash
PVI Insurance has been named as the main insurer, while Bao Viet Holdings and Military Insurance Corp. are also understood to have provided coverage.
Indian insurance industry set for significant change: 3 new licences granted in 2023, 20 more under review
India’s ‘Insurance for All by 2047’ spells big changes for the insurance market
65% of insurers are likely to expand their ILS offering, plus other key findings from the 2023 ‘APAC Insurance Investment Landscape’ report
The Abrdn and Quinlan Associates produced report surveyed 56 senior executives across 43 markets. (Re)in Asia reviewed the report and compiled a summary of its key points.
Australian government to conduct simulated ‘cyber war games’ with financial services
In the wake of major data breaches, Australia is working with financial companies to simulate cyber-attack situations, actions that will potentially shape a new Cyber Security Act involving regulatory requirements.
Hong Kong’s AGBA to make strategic acquisition of Singaporean broker
The acquisition of Sony Life Financial Advisers expands AGBA’s footprint beyond its core focus of the Greater Bay Area and China
