Wednesday, September 20, 2017

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Hurricane Irma could cost up to US$65bn

Hurricane Irma could cost up to US$65bn

The extent of destruction and economic impact will not be fully known for some time.

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Vietnam premiums up 22%

Vietnam premiums up 22%

Collections grew 22% during the first eight months of this year to about Vnd65.56tr (US$2.89bn).

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Blockchain to change insurance business model

Blockchain to change insurance business model

The technology can reduce the uncertainty of insurers’ risk pool system, says Deloitte.

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GC Securities and Marsh launch ILS platform

GC Securities and Marsh launch ILS platform

The JV standardises the placement process for collateralised reinsurance and private catastrophe bond deals.

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Marsh announces new global management structure

Marsh announces new global management structure

New chief executive John Doyle makes his mark with global restructuring and expanded executive management team.

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Listed Chinese insurers to benefit from risk crackdown

Listed Chinese insurers to benefit from risk crackdown

Efforts to contain the sale of risky short-term life insurance policies won’t seriously affect the country’s major insurers.

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Higher profits for Malaysia’s insurance, takaful firms

Higher profits for Malaysia’s insurance, takaful firms

Traditional and Islamic insurers in the country are beginning to see a silver lining after a period of dreary results.

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Foreign insurers get access to wider market in China

Foreign insurers get access to wider market in China

CIRC says the government will open the local health, disaster and pension insurance markets.

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Blockchain platform launched for marine sector

Blockchain platform launched for marine sector

EY and Guardtime have launched the world’s first blockchain platform for the marine insurance sector.

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Insurtech goal is to cut premiums, says AIG CEO

Insurtech goal is to cut premiums, says AIG CEO

Brian Duppereault says big data and AI must be able to assist insurers in measuring risks better.

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PartnerRe names new CEO for L&H in Asia

PartnerRe names new CEO for L&H in Asia

Jerome Matrundola joins from SCOR to lead the life and health business in the region.

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HSBC Insurance appoints Hong Kong CEO

HSBC Insurance appoints Hong Kong CEO

Former interim chief executive Edward Moncreiffe will oversee HSBC’s insurance and pension business in the city.

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XL Catlin strengthens Asia casualty capability

XL Catlin strengthens Asia casualty capability

Elishe Quek and Alice Chong join as casualty underwriters from AIG to take up positions in Singapore and Hong Kong.

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Huabang Financial to acquire Israel’s Clal Insurance

Huabang Financial to acquire Israel’s Clal Insurance

The controlling stake in the Israeli insurance and financial firm is valued at approximately US$1.36b.

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Growth of non-linked life premiums drops in HK

Growth of non-linked life premiums drops in HK

However, linked life business enjoyed a steep increase in growth, according to the latest data from the Hong Kong Insurance Authority.

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Anbang returns to more traditional business model

Anbang returns to more traditional business model

The company is preparing a new array of services and products to launch after its current ban expires.

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Chubb appoints two Asia-Pacific cyber executives

Chubb appoints two Asia-Pacific cyber executives

Andrew Taylor in Sydney and John DePeters in Singapore take up new regional cyber underwriting roles

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Largest Philippine HMO in trouble over capital

Largest Philippine HMO in trouble over capital

Caritas Health Shield to raise fresh capital after allegations it has US$136m deficiency in its actuarial reserves.

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SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers