GI: Commercial

cyber-a-key-concern-but-top-business-risk-varied-across-apac-allianz-report

Allianz identifies cyber as key concern, but top business risks diverge across APAC

January 17 2024

Allianz Risk Barometer sees cyber as top risk in three of nine APAC countries, but BI and Nat Cat rank high, with China focused on regulatory changes.

australian-motor-insurance-market-to-grow-to-us23-9bn-by-2028

Australian Motor Insurance segment to grow to AU$35.1bn by 2028

January 17 2024

GlobalData estimates CAGR of 9.9%, fueled by vehicle sales and growth of EVs.

HDI Global promotes Andrew Cochrane to Liability Underwriting Manager for Australasia

January 17 2024

Cochrane takes on new role with Alex Tarantino moving to Singapore to become Managing Director and APAC Liability Head.

Flood Risk could divert Vietnam's high income ambitions says Fitch

January 17 2024

Vietnam's 2045 high-income aspirations are at risk due to severe flood threats from its extensive coastline and river deltas, impacting economic stability and foreign direct investments.

Bridge Specialty International to acquire Singapore broker Acorn

January 17 2024

Bridge Specialty International, a unit of Brown & Brown, expands its Asia presence through the acquisition of the Singapore-based broker.

marsh-asia-appoint-vickery-as-placement-leader-and-hubbard-as-chairman-of-placement

Marsh Asia appoints Vickery as Placement Leader and Hubbard as Chairman of Placement

January 16 2024

Both have served at Marsh for extended periods; Tyson Vickery has been with the group sine 2003, while Kevin Hubbard joined the company in 2013.

fsa-to-issue-business-improvement-order-to-sompo-japan-over-bigmotor-fraud-reports

FSA to issue business improvement order to Sompo Japan - reports

January 16 2024

Watchdog to mandate Sompo improve operations after probe reveals internal process failures related to dealings with used car dealer Bigmotor Co.

Igloo partners with AMS and MobiFone to expand agri product in Vietnam

January 16 2024

Partnership enables Singaporean insurtech to expand reach of its Weather Index Insurance offering to farmers in Vietnam.

hdi-to-promote-alex-tarantino-to-singapore-md-with-silton-set-to-retire

HDI Global to promote Alex Tarantino to Singapore MD, with Silton set to retire

January 16 2024

Graham Silton, who has more than 40 years in the industry and joined HDI in 2017, is set to retire mid-year.

singapore-cargo-underwriting-set-to-go-way-of-hull-as-insurers-prepare-to-withdraw-red-sea-war-risk

Singapore cargo underwriters prepare to cancel Red Sea war risk cover

January 16 2024

Cargo carriers' wait-and-see approach has been pushed to the limit and are poised to go the way of hull insurers by issuing cancellation notices.

china-to-boost-financial-and-insurance-backing-for-tech-firms

China looking to boost insurance backing for tech firms

January 16 2024

Insurers in China urged by NFRA to support technology startups with specialised coverage and investments.

indias-interim-budget-to-set-stage-for-major-strategic-insurance-reforms-report

India's interim budget to set stage for major insurance reforms - report

January 15 2024

1 Feb likely to reveal key insurance plans for upcoming fiscal year, including privatisation of a state-owned insurer and regulatory changes to boost foreign investment.

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