Korea’s FSC urges insurers to speed up claims payment
August 29 2024 by Joana Nguyen
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Australian insurers urged to limit use of external experts to improve claims assessments
- August 28
Carriers should not rely on external experts beyond their scope of expertise, as it could lead to poor claims decisions and disputes, according to an inquiry into the practice by six general insurers by the General Insurance Code Governance Committee.
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Complex claims in Asia set to dictate future adjusting demand: Crawford’s Reichelt
- August 26
The growing scale and complexity of losses in Asia mean that the global loss adjuster is ready to respond to the demand for assessing high-value, technical claims as it continues to build out technical expertise in Singapore and tailor claims processing for clients in Japan.
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Analytics: Australian underwriters incur 23% lower public liability claims in 2023
- August 23
Lloyd's public liability claims doubled and PI claims went up 13 times in the country in the last year while other insurers' PI claims were 9% higher year-on-year across all states, according to the 2023 claims data released by the Australian Prudential Regulation Authority.
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Insured losses in 2023-24 flat at US$1.5bn, but number of claims lodged jumped 73%: ICA
- August 19
The costliest event was the Christmas and New Year storms that hit Queensland, New South Wales and Victoria in December 2023 which caused US$900m in insured losses and nearly 100,000 claims.
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Peak Re | Emerging Asia middle class: A catalyst for change
Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
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Rimkus, CCi, and Hargreaves Jones set for continued global growth under one brand
A series of successful acquisitions has extended Rimkus’ services and expanded its global footprint.
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Aviva Investors | Liquidity optimisation for insurers: Building a bespoke portfolio solution
In this in-depth case study, we look at how bespoke liquidity portfolios that take into account the interplay between different assets can suit the needs of insurers.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
