Editor's choice – (Re)in Asia

Editor’s choice

descartes-underwriting-receives-japanese-licence

MGA Descartes Underwriting secures broker registration in Japan

March 7 2024

Registration will help MGA enhance awareness and presence of parametric solutions in Japan.

Singapore SMEs' risk concerns outstrip insurance coverage: QBE survey

March 6 2024

QBE Insurance survey highlights a disconnect between SMEs' risk worries and insurance protection.

Dubai-headquartered Kay International AMEA establishes regional hub in Singapore

March 6 2024

The reinsurance broker and MGA looks to expand facultative and treaty reinsurance offering in Southeast Asia.

Insurance brokers must improve reporting practices warns Australian compliance committee

March 6 2024

Insurance brokers face intensified scrutiny from the IBCCC for inaccuracies in reporting, with new guidance issued to improve compliance.

ASIC warns General Insurers to continue claims handling improvement

March 6 2024

Aussie regulator acknowledges steps taken by the industry, but notes that complaints are still increasing.

New US$1.3bn investment facility to support clean energy and infrastructure in Southeast Asia

March 6 2024

Australian Government announces AU$2bn SEAIFF, which will provide loans, insurance, guarantees, and equity for trade and investment in SEA.

malaysias-takaful-sector-shows-resilience-amid-economic-challenges-fitch

Malaysia's Takaful sector showing resilience amid economic challenges: Fitch

March 5 2024

Fitch predicts sustained expansion for Malaysia's takaful industry, despite economic headwinds and a dip in family contributions.

ICA: Australian summer extreme weather insurance losses hit AU$1.2bn

March 4 2024

100,000 claims from Christmas and New Year Storms and Cyclone Jasper push summer nat cat tally to AU$1.2bn (US$782bn).

Property and motor to drive New Zealand GI growth

March 4 2024

GlobalData forecasts sector to grow by 7.3% CAGR to NZ$12.9bn (US$7.87bn) in 2028, but profitability to remain volatile due to nat cats and reinsurance rates.

Four Japanese insurance giants cut executive pay in wake of price-fixing investigation

March 1 2024

130 executives face temporary salary reductions up to 50%, as insurers submit business improvement plans following investigation into co-insurance policy collusion.

hong-kong-launches-insurance-industry-climate-charter

Insurance Industry Climate Charter launched in Hong Kong

March 1 2024

The Hong Kong Federation of Insurers unveils Climate Charter tailored to the local industry and backed by 33 (re)insurers.

Philippines most exposed country globally to Nat Cat losses

March 1 2024

Asia Pac countries make up seven of the top 10 countries globally with the greatest economic exposure to climate change.

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