Topics

East Asian insurers and regulators urged to ramp up collaboration on sustainability

September 26 2024

Hard-hitting panel at EAIC urged greater unity across East Asian insurers to incorporate better sustainability practices.

days-of-developing-on-flood-plains-need-to-end-says-ica-in-response-to-new-robina-development-report

"Days of developing on flood plains need to end," says ICA in response to new Gold Coast development: Report

September 26 2024

New 2750 home Gold Coast project aims to build on elevated pads, but ICA says this will only complicate and delay construction, adding that "development in areas prone to extreme flood risk should not...

ardonaghs-takeover-of-psc-insurance-sets-platform-for-apac-expansion

Ardonagh’s AU$2.3bn acquisition of PSC receives overwhelming shareholder approval

September 26 2024

Ardonagh Group says it expects the merger to help it attain a stronger global position in retail specialty, and wholesale broking markets.

lockton-promotes-lim-to-singapore-ceo-as-boles-transitions-to-regional-head-of-profin

Lockton elevates Lim to Singapore CEO as Boles transitions to Regional role as Head of ProFin, Asia

September 26 2024

Current Singapore Chief Exec Fred Boles (right) to take up new role as Asia Head of ProFin from Oct 1, with CCO Devel Lim (left) succeeding him as Singapore CEO.

blackpanda-secures-us6-7m-in-funding-for-cyber-emergency-response-efforts

Blackpanda raises US$6.7m, integrates Blackpanda Underwriting

September 26 2024

The cyber response business officially integrate its security and MGA business under one banner, and will use Series A extension funding to enhance IR-1 solution.

Taiping Re mulls cat bond issuance

September 26 2024

Size of Asia’s catastrophe protection gap means that reinsurers in the region need to look at non-traditional capital sources.

China’s State Council issues position paper exploring use of cat bonds in disaster financing

September 26 2024

The position paper also includes directives to establish a development framework for the insurance sector by 2029.

insurers-need-to-embrace-tech-to-manage-volatility-with-industry-on-cusp-of-a-new-era-eaic-panellists

Insurers need to embrace tech to manage volatility, with industry on cusp of a new "golden age": EAIC panellists

September 25 2024

Growth is harder for many insurers in Asia and elsewhere, as the post-pandemic environment has become far more complicated, experts pointed out.

insurance-firms-scramble-for-new-recruiting-strategies-as-talent-pool-shrinks

Insurance firms look to new talent strategies to fill projected "big hole"

September 25 2024

Peak Re CEO Franz-Josef Hahn warns of looming gap, with Hahn and other experts emphasising the need to attract diverse talent, develop individuals, and redefine what a role in insurance means.

SEADRIF issues US$750k parametric Yagi payout to Lao PDR

September 25 2024

Payout was made on 20 Sep, five days after peak flooding in Vientiane, and will support Lao PDR’s recovery efforts.

Funding question slows repurchase of parametric cat cover

September 24 2024

Funding, design, risk models, and delayed claims payouts hinder growth of parametric in Asia despite potential for cat-prone regions, say experts.

Hollard, Munich Re, Swiss Re join Australia’s Hazards Insurance Partnership

September 24 2024

NEMA welcomes new members to HIP group, which was originally formed to help tackle insurance affordability and resilience in response to natural hazards.

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25 September