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Insurtechs spotlight significance of esg data and health innovations for carriers rein asia

Emerging risks | Growth Opportunities | APAC Insurance

Insurtechs spotlight significance of esg data and health innovations for carriers rein asia
Monday, July 13, 2026

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us-insurers-sue-china-construction-bank-for-us13m-over-vesttoo-loc-fraud
Buckle, Gateway insurance sue China Construction Bank for US$13m over Vesttoo LOC fraud
May 29 2026
The latest claim adds to multiple similar actions against China Construction Bank Corporation, with estimated exposure of around US$2.81bn.
former-china-construction-bank-manager-charged-with-bribery-linked-to-vesttoo-related-fraud
Hong Kong authorities charge former CCB employee in Vesttoo case
June 9 2025
Charges relate to alleged acceptance of over US$470,000 in cryptocurrency to supply false letters of credit.
china-construction-bank-sued-over-alleged-role-in-facilitating-vesttoo-reinsurance-fraud
China Construction Bank sued over alleged role in facilitating Vesttoo reinsurance fraud
May 11 2024
US insurer Porch Group sues CCB, alleging its employees colluded with Vesttoo on fake letters of credit.
letters-of-discredit-4-8bn-vesttoo-fake-loc-sets-stage-for-2024-court-drama
Letters of Discredit: $4.8bn Vesttoo fake LoC sets stage for 2024 court drama
January 24 2024
Lloyd’s tightens counterparty risk standards following scandal which rocked the (re)insurance sector.
vesttoo-situation-underlines-importance-of-managing-counterparty-risk-am-best
Vesttoo situation underlines importance of managing counterparty risk: AM Best
August 18 2023
An AM Best report shows letters of credit account for 22% of total collateral held, emphasising the need for rigorous due diligence.
The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August