Climate risk, geo-economic fragmentation and asset-intensive strategies are emerging as the new fault lines for oversight, though the global sector remains resilient with risks still below those in ba...
China Taiping finds itself on both sides of the claims ledger following Hong Kong's deadly Tai Po fire, with its reinsurance subsidiary among three confirmed reinsurers backing the group's primary insurance...
Hong Kong’s insurance sector has introduced fast-track measures while pledging more than HK$100m (US$13m) to support those affected by the Wang Fuk Court fire.
The fire has killed at least 94 people, with insurance claims estimated at HK$2.6bn (US$334m), and general property and CAR policies described as "severely underinsured".
Insurers in Asia-Pacific are increasing their use of risk-mitigation incentives and advanced analytics as natural catastrophe losses rise across the region.
