insurance
Flood risks, infrastructure concerns increase globally
Flood risks, infrastructure concerns increase globally
Japan and Taiwan’s notable earthquakes prompted better seismic risk assessments.
Australia's insurance market bolstered by strong regulation
Fitch finds Australia’s insurance market technically sophisticated.
Hong Kong’s cyber incidents call for robust protection
Last year alone 7,752 security incidents were recorded.
Insurance sector sees 25% decline in cyber attacks in Q2 2024
Across all industries, the region experienced a 23% rise in attacks.
Minimum benefit standards are the new normal: Aon
Life insurance is now a minimum benefit that businesses offer.
New Zealand’s insurers maintain strong solvency under strict regulations
Demand for non-life insurance is driven by exposure to natural hazards.
FundPark, HKECIC bare pioneering effort for insured growth for Hong Kong SMEs
Their partnership integrated data analytics and credit insurance to aid and protect small-scale business operations.
APRIL Int’l collaborates with Indonesian insurtech broker
Clients in Indonesia can choose from two coverage options.
Allianz plans to acquire majority stake in Income Insurance for $1.64b
This is also equivalent to a 51% majority stake in the SG-based insurer.
Australia’s mortgage insurance sector developed, transparent: Fitch Ratings
Sector faces growing challenges due to the gov’t’s first-home buyer deposit scheme.
Chubb appoints Howell as head of general insurance for Australia, NZ
He will report to Marcos Gunn, regional president of APAC.
Airline insurers enjoy favourable Q2, thanks to capacity
Notable incidents in Q2 2024 were Korean Air and Singapore Airlines.
Ping An’s convertible bond aims for 5% return on proceeds
Proceeds will be used to support initiatives in healthcare and eldercare.
Income Insurance continues talks with Allianz
It announced its interest in a transaction last 14 June.
Tokio Marine Kiln unveils political risk coverage with Kita
This makes the insurer amongst the first to offer this type of policy on the Lloyd’s market.
QBE sharpens focus on claims support in Australia
Key initiatives include addressing delays, communication, and risk management.
India considers major reforms to 1938 Insurance Act
The bill amendments could potentially let insurers enter the banking industry.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work