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Australia’s first data breach case puts pressure on cyber market
First conviction for breach of cyber security standards comes amid challenging market.
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Australia’s first data breach case puts pressure on cyber market
First conviction for breach of cyber security standards comes amid challenging market.
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Lower commission boosts PICC HK 2021 underwriting: AM Best
The insurer has been expanding its inward reinsurance business.
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Former Swiss Re exec joins Generali Asia for commercial role
The exec has become Asia regional head of SME and commercial lines at Generali.
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Lockton Australia poaches NSW energy construction head from Aon
Alistair Williams started at the global broker in Sydney this month.
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PICC teams up with NDRC on agriculture insurance: reports
Cooperation in product innovation, agricultural product cost investigation, designated counties development and data sharing will be carried out.
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Queensland’s RACQ confirms US$69m payout from Feb, March floods
Almost 5,000 home repairs have been completed or are underway.
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Everest Insurance hires Asia team in Singapore launch
The eight person team will be overseen by Ben Carey and will offer a range of specialty lines.
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Frontier launches D&O and professional liability cover in Asia
The offering is supported by new capacity from Bermuda-based Relm.
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IAG’s NRMA Insurance hit by 30,000 claims from Feb, March floods
54% of Australians worried their property will be damaged by wild weather within 12 months.
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GIC Re to lead Indian pool for Russian imports: report
The reinsurer to take 40% with capacity alongside Indian insurers for fertiliser, oil and gas.
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Perils expands cat data to Japan wind and flood
The firm will use data from most of the country's P&C players which provided 'strong support'.
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Market suffers lack of consistent ESG disclosure rules in Asia
Without a standardised framework, market-facing ESG information is not as valuable as it could be.
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Insurers seek profit and scale in lower-premium products
Capturing data is key to breaking Asia’s under-insurance cycle.
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India digital reinsurance upstart takes bold stance against incumbent
Competing with India’s national reinsurer GIC Re has proven tough for previous start-ups.
Growth Opportunities and Challenges for Reinsurance in APAC
Holger Tewes-Kampelmann & Ina Kegler, Allianz SE Reinsurance
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Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.
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Customers are responding positively to several key initiatives in the region.
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IAN Analytics: Asia nat cats at lowest level in a decade
Damages in 2022 are just US$4.5bn, with losses from storms at their lowest in 20 years.
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Asia’s top P&C insurers grew non-life books by 3.7% in 2021 despite Covid headwinds
Top 10 players booked US$279bn in 2021, according to IAN analysis.
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Singapore posts 8% P&C premium growth in 2021
Onshore premiums reached US$2.4bn as the market showed a strong recovery.
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Claims dent profits at HK insurers
Axa retained its crown as the city’s biggest general insurer, but the market saw profits fall 19%.
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Covid exposure hurting Thai insurers
Exposure to the policies caused several insurers to collapse even before Omicron hit in January.
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China P&C grew just 1% in 2021
Covid, motor reforms and a property crisis combined to create worst ever year for sector.
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An alternative way to weather the hard market
Jonathan Rake, Swiss Re Corporate Solutions
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Former Swiss Re exec joins Generali Asia for commercial role
The exec has become Asia regional head of SME and commercial lines at Generali.
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Lockton Australia poaches NSW energy construction head from Aon
Alistair Williams started at the global broker in Sydney this month.
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Everest Insurance hires Asia team in Singapore launch
The eight person team will be overseen by Ben Carey and will offer a range of specialty lines.
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David Longley to oversee Arch’s Aussie PI underwriting team
He has over 25 years of market experience and was previously at Axa XL.
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WTW reinforces Thailand business with new country head
Tony Kantapasara to continue as leader for work and rewards in health, wealth and career business.
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Axa XL appoints new China country head
HaoMing Zhou reports to Gilles Fromageot, Axa XL Asia regional manager and Yamin Zhu, Axa Tianping CEO.
Cautious Asian business leaders worry about business risks and aspire to greater resilience
Lucien Mounier, Head of Asia Pacific, Beazley