News
Major floods drive Australia's iinsured losses to $7.17b in 2022
Major floods drive Australia's iinsured losses to $7.17b in 2022
The council will review insurers’ flood response during the period.
Korea eases rules on overseas ownership; insurers can acquire banks
Insurers can invest in foreign financial and non-financial companies within regulatory boundaries.
Gallagher names new SVP for multinational APAC practice group
Victoria Ma has joined Gallagher and was previously with Coface.
China Life Insurance, bankers in the talks of $2b bond
It plans to issue a 10-year tier-2 bond.
WTW introduces insurance solution to protect Sri Lankan aqua farm
This is Asia’s first 4-peril parametric insurance.
Indian authorities urge insurers to mobilise resources due to floods
Recent floods are expected to drive property loss and infrastructure costs.
Allianz Trade selects new Asia head of surety and guarantees
Chris Markesteijn is the new Regional Head of Surety and Guarantees beginning 1 August.
Tokio Marine & Nichido Fire Insurance face natural catastrophe risks: Moody’s
The insurer is expected to maintain its strong capitalisation and market position.
PH’s COVID-19 claims plummet in H2 2022
Insurance claims related to COVID-19 amounted to P1.53b ($-).
Omnichannel models outperform lead-to-sales conversion rates fourfold
Only 1 in 8 want a fully digital journey, but 7 in 10 want part of their insurance journey to be digital.
MSIG Hong Kong claims settlement ratio up for third-straight year
Claims settlement ratio rose to 92.9% in 2022.
QBE selects Peter Wilson as non-executive director
The appointment is subject to regulatory approvals and is expected to be effective from 1 September.
AAGIL portfolio transfer to Allianz kicks off in September
AAGIL plans to transfer its general insurance portfolio to Allianz.
Chubb names new PI and medical malpractice underwriter for Asia
Jeremy Leow has been appointed.
Zurich APAC launches Zurich Edge for digitally embedded insurance
The initiative is aimed at delivering digitally embedded insurance solutions across all Asian markets.
Non-life insurance premiums in India up 14.8% in June
The sector is expected to grow by 13% to 15%.
World Bank taps Ping An Insurance executive for investment lab
The lab is aimed at mobilising capital effectively to address climate change and poverty.
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Claims delays reshape customer loyalty patterns in Indonesia insurance sector.
