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Thailand’s insurers ‘wake up’ to digital amid muted growth
Local expert tells IAN the industry needs to embrace change post-pandemic.
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Thailand’s insurers ‘wake up’ to digital amid muted growth
Local expert tells IAN the industry needs to embrace change post-pandemic.
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HKIA talks tough in conduct report
Regulator suggests it could take a harder line going forward after talking first disciplinary action.
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Anxin Agricultural Insurance faces high geographic, product risks: Moody’s
A high geographic concentration around Shanghai offsets some of the insurer's strengths, the rating agency said.
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Charles Taylor appoints new Greater China director
Derik Chen previously worked as a claims manager with Axa XL in Shanghai.
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Shinhan Life joins net-zero climate push
Commitment to limit emissions of underwriting portfolio is first for an Asian insurer and comes ahead of COP26.
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IAG brought to Federal Court by ASIC over discounts
Regulator alleges a subsidiary engaged in misleading conduct over discounts for personal policies involving around A$60m.
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CBIRC gives AIA greenlight for Hubei operations
The insurer has added to mainland units in Shanghai, Beijing, Guangdong, Shenzhen, Jiangsu, Tianjin, Hebei and Sichuan.
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Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
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Asia’s political risk market adapts to Zurich exit
The Swiss insurer is no longer a major market player and capacity in unlikely to be affected, but talent could leave.
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South Asia digital P&C personal premiums to hit US$7.5bn: Swiss Re
Report says the figure will be reached within five years with digital penetration currently 1-2%.
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Plenty of capacity to meet record LNG prices
Insurance market can meet rising limits despite a price surge of almost 900% this year.
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Trade credit claims to spike in 2022
Withdrawal of support for businesses predicted to fuel 18% spike in insolvencies.
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Covéa strikes out for third time with XL Re bid
The ambitious reinsurance deal would have given the French mutual a significant Asia presence.
Sustainability in the Insurance Sector
Pat Woo, KPMG
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As working from home becomes more common, leaders need to rethink how companies can foster a sense of community and collaboration
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Insurers consider potential solutions in response to the shifting regulatory environment for Asia’s insurance industry.
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Insurance CEOs are confident digital investment can fuel growth despite a prolonged Covid-19 recovery.
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Singapore pandemic boost continues
Industry earns bigger underwriting profits in Q2 than in 2018 and 2019 combined.
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Hong Kong insurance density hits new record
Premiums in the city reached HK$78k per person despite 5.5% economic contraction.
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Samsung F&M shrinks Korean book
A reduction in domestic premiums has helped to boost profitability.
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Asia non-life premiums up 10% in 2021
Despite motor reforms in China the region’s overall growth is recovering strongly.
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Vietnam rebound crashes into delta variant
Non-life premiums grew 11% in the first half but surging Covid cases threaten recovery.
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India’s second wave causes health premium surge
Bajaj Allianz booked a 480% increase — but claims are also sky-rocketing.
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Bigger ships, more frequent and severe transit delays
Jarek Klimczak, AXA XL
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Charles Taylor appoints new Greater China director
Derik Chen previously worked as a claims manager with Axa XL in Shanghai.
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Fusion appoints Gallagher exec as a managing partner
Katherine Simmonds joins the specialist MGA in Sydney.
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Markel bolsters APAC energy team with two underwriters
Max Robbie and Yong Ruay Heah previously worked at Oman Insurance and Aon, respectively.
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SiriusPoint taps Heerasing for international role
The Singapore-based exec becomes head of strategic business development and will focus first on the Asia Pacific region.
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Axis reshuffles capital risk solutions team
Shuohan Dai joins from Euler Hermes to oversea capital risk underwriting in Asia Pacific.
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HDI boosts professional lines with two senior underwriters
Alexandra Fox-Slater and Luke Southwell join the specialty player from Chubb and Zurich, respectively.
Harnessing tech to close APAC’s agriculture protection gap
Yu Deng, Canopius