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- January 21 2021
IAG receives over 5,000 claims after holiday storms
Australian insurer tells IAN additional claims are expected in the coming weeks.
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- January 21 2021
Thailand’s P&C market to hit US$9.4bn by 2024: report
The sector’s CAGR is expected to be 2.4% over the next three years.
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- January 20 2021
HKIA pushes lower ILS minimums
Draft rules to reduce the US$1m investment requirement to US$250,000.
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- January 19 2021
China’s offshore wind market ‘soft’ but profitable: WTW
Loss hit small hydroplants have seen premium rises of up to 50%.
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- January 19 2021
MAS sets ‘higher expectations’ for cyber risk
The Singapore regulator told IAN that (re)insurers need to identify their key IT vulnerabilities.
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- January 19 2021
Data a key tool to mitigate climate risk: AFF 2021
Panellists highlight the difficulty in underwriting new green technologies such as solar panels and fuel cells.
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- January 18 2021
Asia coal premiums to harden amid reduced appetite
Power plants with medium-to-large losses could face rises of 100-200%.
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- January 18 2021
CBIRC chief pushes ‘prudential regulation’
Guo Shuqing also address Hong Kong’s GBA role during AFF keynote.
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- January 15 2021
Grab’s fintech unit raises US$300m in Series A round
Chubb, ZA Tech already partner with the ride-hailing firm’s insurance arm.
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- January 14 2021
Vietnam’s MoMo raises US$100m in Series D round
The insurtech’s partnership with state-owned Bao Viet offers motor, health and travel coverage.
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- January 13 2021
Chubb’s Doug White retakes role as HK, Macau president
IAN understands that Stanley Wong is set to join Huatai China JV operation.
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- January 11 2021
MSIG Hong Kong hires new marine manager
Cindy Pang previously held cargo and BD roles with Marsh and Tokio Marine.
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- January 7 2021
‘Black Summer’ bushfires to cost Aussie market US$1.45bn
Catastrophe data provider Perils provides final P&C loss estimate.
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- January 7 2021
Malaysia M&A set for renewed activity in 2021
A backlog of P&C and life deals to drive the marketplace this year.
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- January 6 2021
Singapore insurtech GoBear shutters doors
An inability to raise new funds amid Covid-19 cited as the reason for the closure.
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- January 6 2021
Asia’s offshore wind rush creates reinsurance challenge
A lack of historical loss data creates hurdles for underwriters.
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- January 5 2021
South Korea’s Kakao seeks approval for digital P&C unit
Motor insurance to be initial focus ahead of H2 2021 launch.
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- January 4 2021
CBIRC seeks comment on FDI revisions
Allianz was the first foreign insurer to control 100% of their China operations.
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- December 18 2020
Asia insurtech fundraising 2020 review
Waterdrop’s US$230m “mega round” with Swiss Re was the largest deal this year.
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- December 18 2020
ICA High Court appeal puts BI claims at US$7.5bn
IAG, QBE and Suncorp are all facing significant claims if NSW court ruling is upheld.
