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End of Covid stimulus threatens trade credit market
Low claims environment expected to reverse as pandemic relief measures unwind.
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End of Covid stimulus threatens trade credit market
Low claims environment expected to reverse as pandemic relief measures unwind.
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Samsung Re gets group captive boost: AM Best
The reinsurer is mainly focused on South-East Asia and India as GWP neared US$80m in 2020.
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Claims for Japan’s summer storms hit US$96m: GIAJ
The two events in July and August have seen more than 30,000 claims.
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Q&A: Swiss Re Corporate Solutions’ Vanessa Priede
International programs are becoming increasingly popular.
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India seeks US$100bn plus valuation for LIC – report
The government is considering selling a 5-10% stake in the life insurance player.
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Digital ecosystems boost Asia’s insurtech space: CapGemini
The consultancy firm says Ping An has earmarked US$14.5bn for research and development over the next decade.
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Scor targets ‘best market dynamics in a decade’
Reinsurance margin enhancement offers opportunities in fast-growth markets such as Asia.
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Asia medical malpractice, clinical trials cover primed to grow
Newline Asia experts tell Lloyd's webinar that some claims costs are up 62% over the last nine years.
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February’s Fukishima earthquake claims rise to US$1.88bn: GIAJ
The industry association says the event has resulted in over 213,000 claims so far and has cost insurers nearly US$2bn.
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Hero Insurance Broking gains reinsurance license — report
Hero Enterprise chairman Sunil Munjal says the broker wants to offer lines such as manufacturing and employee benefits.
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Underwriting pressures weigh on Asia’s reinsurers
Capacity, pricing and climate change are all affecting the industry’s outlook.
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Asia’s ILS market faces long road ahead
Sponsors and investors still need to develop the correct infrastructure.
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South-East Asia’s reinsurers face underwriting challenge
Certain claims are down but pricing remains insufficient to improve profitability.
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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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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South Korea’s P&C insurers increase profits 88%
But established firms face competition from tech-savvy startups as new regulations ease barriers to entry.
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Sri Lanka P&C profits doubled in 2020
Allianz was one of the biggest gainers on the island as Covid-19 subdued claims.
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Asia’s cat bond market set for record year
More than US$1.5bn of cover provided as issuance increases 68% on 2020.
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Asia H1 2021 nat cat losses 28% higher than 10-year average
Insured losses in Asia Pacific totalled US$5bn during January to June, up from US$3.9bn average.
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Bigger ships, more frequent and severe transit delays
Jarek Klimczak, AXA XL
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Markel adds senior fine art and specie underwriter in Singapore
Janita Leu will report to the specialty player's Asia director Colin Fordham.
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BMS appoints senior financial lines duo in Australia
Guy Van Dugteren and Andrew McKenzie have joined from Gallagher and Aon and are both based in Brisbane.
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Falcon GM to join Hong Leong Insurance in Hong Kong – sources
IAN understands that Cody Hui is making the switch with Furmen Chiu set to join Falcon.
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MSIG Singapore taps Mack Eng as new CEO
The current chief executive Craig Ellis is retiring and returning to Australia.
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Aon appoints new APAC facultative chief
Geoff Lambrou takes on new role amid regional restructuring of reinsurance operations.
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HSBC Life appoints new Singapore head
Ho Lee Yen joins as chief executive officer from AIA Singapore, where she held the role of chief distribution officer.
Harnessing tech to close APAC’s agriculture protection gap
Yu Deng, Canopius