GI – (Re)in Asia

GI

Chinas regulator looking for deeper cooperation between Mainland HK and Macau

China's regulator looking to green and cat bonds to deepen cooperation between Mainland and Hong Kong

January 26 2024

The NFRA is aiming to boost cross-border initiatives between the Mainland, Hong Kong and Macau.

AM Best assigns 'Exceptional' national scale rating to Bao Minh Insurance

January 26 2024

AM Best assigns Vietnamese insurer NSR of aaa.VN, while maintaining its Financial Strength Rating at B++.

Aerial and satellite images employed to fast-track Noto Peninsula quake claims

January 26 2024

Cross-industry 'joint survey' teams will use imagery to identify 'total' and 'partial' loss areas to enable faster claims processing.

Cyclone Kirrily makes landfall near Townsville as Cat 3 storm

January 25 2024

Townsville bears brunt of Category 3 storm, with severe winds and heavy rains causing widespread disruptions and raising fears for farming sectors.

Asian ILS market matures as MS Amlin completes first Singapore Cat Bond renewal

January 25 2024

The Lloyd’s specialty (re)insurer now has four vehicles in its series listed on SGX giving it a total of US$80m worth of capacity.

Indian regulator withdraws arbitration clause from tariff-based insurance products

January 25 2024

The IRDAI said Arbitration clause for all tariff-based contracts issued after 27 October 2023 were de-notified, changing a standard that has been in place since 2006.

Insurers explore use of AI for complex reinsurance claims

January 25 2024

The technology brings particular benefits to markets in Asia where transactions tend to be lower-value.

singapores-insurers-ready-for-digital-overhaul-novidea

Singapore's insurance industry ready for digital overhaul: Novidea report

January 25 2024

63% of Singaporean C-suite execs surveyed indicate readiness to update core systems this year, compared with 41% globally.

Singapore launches Sustainable Finance Association to support net zero transition

January 24 2024

SSFA has potential to increase interest for innovative insurance products linked to Asia's net zero transition.

South Korean insurers launch 'limited edition' products - report

January 24 2024

Time-sensitive life and health policies, aimed at pre-empting rate hikes due to the experience life table, has attracted regulatory attention.

Liberty Insurance launches DEI mentorship program in Asia

January 24 2024

The program focuses on four key topics: work-life balance, support for new parents, exploring insurance career opportunities, and wellness and mental health.

sp-insurers-well-placed-to-meet-cyclone-jasper-and-ongoing-queensland-floods-claims

Insured losses from Cyclone Jasper and Christmas and New Year storms hit AU$743m: ICA

January 24 2024

AU$202m (US$133m) of industry losses estimated from Jasper and AU$541m (US$357m) from Christmas/New Year storms, as QLD prepares for another cyclone to make landfall this week.

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