GI – (Re)in Asia

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AAPowerLink project gets key environmental approval

July 18 2024

The immense Australia-Asia Power Link project will test the insurance market with its vast scale and complex renewable energy infrastructure.

Annual insurance patents for clean energy and carbon capture doubles since 2014: GlobalData

July 17 2024

The insurance industry's move towards net-zero is evident in the rise of published patents.

allianz-makes-offer-to-acquire-majority-stake-in-singapores-income-insurance

Allianz makes offer to acquire 51% stake in Singapore's Income Insurance

July 17 2024

Allianz announces pre-conditional voluntary cash offer to acquire at least 51% of Income Insurance, valuing transaction at SGD 2.2bn (US$1.64bn).

pcic-urged-to-modernise-operations-update-practices-and-engage-with-reinsurers

PCIC pressed to modernise operations, update practices, and engage with reinsurers

July 17 2024

Department of Agriculture's call for change echoes recent World Bank report which highlights Philippines' vulnerability due to absence of reinsurance.

qbe-launches-global-cyber-insurance-product-qcyberprotect

QBE introduces global cyber insurance product, QCyberProtect

July 17 2024

New policy addresses a range of cyber risks and is available in ten countries including Australia, Hong Kong, Malaysia, Singapore, and Vietnam.

south-east-asia-braces-for-wampi-revival

Southeast Asia braces for Warranty and Indemnity revival

July 17 2024

The W&I market may be about to get a boost after slowing for the past few years.

gcube-launches-battery-energy-storage-sector-consortium-with-lloyds-syndicates

GCube launches Battery Energy Storage System consortium with Lloyd's Syndicates

July 17 2024

New consortium offers up to US$100m in coverage, a move likely to impact the growing BESS market in Australia.

gic-re-adopts-sap-fioneer-to-comply-with-impending-ifrs-17-standards

GIC Re adopts SAP Fioneer solution ahead of IFRS 17 rollout

July 17 2024

Full implementation of new accounting standard is set for April 2025.

Taiwan unveils draft AI law as it looks to regulate insurance and other sectors

July 17 2024

The proposed law looks to establish clear guidelines for use and accountability of AI, amid wider concerns that APAC insurers could be lagging behind the technology.

IRDAI may adopt risk-based supervision model for insurance sector - report

July 16 2024

At HDFC Life's AGM, Chairman Keki Mistry suggested the regulator might consider adopting the model.

NSW Government proposes new safety standards for lithium-ion battery products

July 16 2024

Government looking to fast-track safety standards in a bid to curb a notable rise in lithium-ion related fires.

insurance-council-calls-for-national-climate-adaptation-model-and-ambitious-2050-goals

ICNZ calls for national climate adaptation model and ambitious 2050 goals

July 16 2024

The Insurance Council of New Zealand calls on Government to lead coordinated climate adaptation strategy to enhance nat cat resilience.

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