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- September 26 2024
Next Queensland government should axe stamp duty: ICA
ICA forecasts an 8% reduction in premiums if the next state government removes a 9% stamp duty on insurance, which is imposed after a goods and services tax.
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- September 26 2024
Lockton names new Singapore CEO as Frederic Boles steps up to a regional role
Deven Lim has been promoted to chief executive effective October 1 as the Boles will transition into the role of regional head of professional and financial risks and credit for Asia.
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- September 26 2024
Q&A: Global warming is creating uncertainty in valuation of physical assets
Chelsea Jiang, Axa’s chief technical and innovation officer, general insurance for Greater China, shares her views on parametric, how companies can guard against convective storms, and HK’s role in narrowing China’s protection gap.
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- September 26 2024
WTW launches new China client division with Jie Yan named as head
New York-based Yan has been promoted to head the newly launched division after having assumed various senior roles at the global broker over the past 11 years.
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- September 26 2024
Insurers need a multipronged approach to carbon transition: Zurich’s Hui
Beyond underwriting and investment initiatives, insurers can serve as advocates for climate action, leveraging their expertise to influence public discourse on sustainability, says Zurich HK chief executive Eric Hui.
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- September 26 2024
Gen AI, digital infrastructure foundational to enhancing customer experience: FWD
The Hong Kong insurance group's chief digital officer Ryan Kim shares how AI and technology can benefit insurers’ operations and distribution processes.
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- September 26 2024
Generali GC&C bolsters Asia leadership with AIG and Lloyd’s hires
The insurer as appointed Winnie Chu from AIG as head of financial lines underwriting and Joshua Lynch from Lloyd's as head of business development.
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- September 26 2024
Better cat data key to easing region’s growing capacity pressures: Perils’ APAC head
As insurance penetration and cat exposure rise in APAC, the availability of better quality data must go hand-in-hand with the growth of alternative capital sources. That leads the cat loss specialist to expand its loss data coverage in Japan & South-East Asia, said Darryl Pidcock.
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- September 26 2024
Reinsurers pivotal to supporting China’s cat insurance system: Taiping Re’s Sheldon Yu
The Chinese government has stated its intention to promote a catastrophe insurance system that will run along market principles, as regulators seek to improve the country’s response to natural catastrophes, which have caused direct economic losses of US$12.8bn in H1 2024.
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- September 26 2024
Australian brokers’ reported breaches in 2023 up 36% with US$6.5m impact on clients: IBCCC
In the 2023 Annual Data Report, the independent body tasked to monitor practitioners' compliance with the Insurance Brokers Code of Practice in Australia also highlights its concerns on brokers' failure to disclose their commissions to over 8,000 clients.
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- September 26 2024
Cybersecurity firm Blackpanda integrates underwriting unit into group
The cyber emergency response firm raises US$6.7 million from Singtel Innov8, Gaw Capital Partners and WI Harper Group, taking its total capital raised under Series A to US$21.7 million.
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- September 25 2024
Price Forbes ropes in Honan’s Thomas Russell to spearhead Singapore ANZ division
Russell has taken up the newly created role as director, head of Australia and New Zealand wholesale for Asia in a newly created position reporting to Phil Johnson, CEO for APAC.
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- September 25 2024
WTW appoints Sao Mai Nguyen as associate director for cargo, Asia
Nguyen will join the regional Asia cargo team within WTW's global marine business, according to an announcement by Oliver Scarr, head of cargo for Asia.
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- September 25 2024
Rising cat losses in Greater China put risk exposures under the lens
(Re)insurers in the region are increasingly focusing on understanding and analysing risk exposures and are more willing to invest in data collection, says Guy Carpenter’s Kitty Bao.
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- September 25 2024
APAC cyber will find equilibrium long term but short-term softening of rates likely
Teck Siong Ng, cyber underwriter at Beazley, discusses the regional risk landscape and challenges presented by the lack of structured frameworks and emerging technologies like AI.
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- September 25 2024
Hong Kong’s connectivity with GBA has reinforced its role as a global risk management centre, IA’s Clement Cheung
The SAR is well-placed to be a hub for captives, especially by mainland enterprises to holistically monitor their overseas project risks and scale up their intra-group risk management capacity, says the regulator’s CEO.
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- September 25 2024
Strategic initiatives, policy reforms crucial to encourage female participation
Gen Re’s Orchis Li sees gender equality as key market driver as the reinsurer’s GM gives her perspective on female leadership and representation in the Hong Kong market.
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- September 25 2024
Hong Kong RBC framework enhances insurers’ enterprise risk management: AM Best
The risk-based capital regime also introduces disclosure requirements that will improve transparency and comparability among insurers in Hong Kong, the rating agency said.
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- September 25 2024
Managing health portfolios in South-East Asia
Dr Kumud Bordoloi, Head of A&H at Peak Re
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- September 25 2024
Allianz Commercial strengthens India specialty focus with Munich Re’s Amol Akhuj hire
Mumbai-based Akhuj will become head of natural resources and construction for India, reporting to the country CEO CB Murali.
