Country: Asean Page 21 / 131
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- March 19 2024
Singapore non-life domestic underwriting profit drops 11%: association
Gross written premiums for employer’s liability rose 10.2% from a year ago on the back of an expansion of resident and foreign labour market, the General Insurance Association said.
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- March 19 2024
Aon promotes Li Lin Kea to head of marine for Singapore
Kea was most recently regional director responsible for the global broker's Asia cargo and logistics book.
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- March 15 2024
Gallagher Re promotes Sie Liang Lau to head APAC cyber team
In the newly created role Sie will oversee reinsurance broking covering APAC.
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- March 15 2024
Asuransi Astra’s A- rating affirmed on strong balance sheet strength: AM Best
Indonesia's third-largest general insurer's A- rating was affirmed on its strong operating performance, with COR averaging 88.1% for the five years up to 2023.
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- March 14 2024
Vietnam’s amended law set to stunt bancassurance sales growth: AM Best
Heightened regulatory scrutiny has already led to the first fall in insurance premiums in a decade in 2023. Still, the amended law will impact the non-life sector less compared to life.
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- March 14 2024
Philippines regulator doubles third-party motor liability coverage limits
The Insurance Commission said there would be no increases in premium, and the rates prescribed in 2006 shall remain in force.
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- March 14 2024
Sedgwick promotes Nicki Dunn to chief client officer for Asia
The global loss adjustor has concurrently promoted Irwin Wei and Kalnisha Velu, both have joined Dunn's team.
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- March 12 2024
Scor restructures P&C, life & health with regional heads
Under the restructuring, Mukul Kishore will head the reinsurer's P&C business for Asia Pacific, while Chloe Wang and Dion Russell will head up life & health markets.
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- March 12 2024
Indonesia’s ambitious insurance reform push leaves questions over international support
Regulators are wrestling with striking a balance between encouraging the growth of domestic markets while recognising that global partnerships will be required to complete the transition.
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- March 11 2024
Overseas premium of Korea’s four major non-life insurers surpasses trillion-won milestone in 2023: report
The country’s big four have doubled their international business in the last five years led by DB Insurance, which accounts for 50% of the overseas premium.
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- March 11 2024
Axa XL promotes Zoe Xie to property underwriting manager in Singapore
Singapore-based Xie will oversee the development and execution of the global (re)insurer's property strategy.
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- March 11 2024
Singapore expected to ease capital treatment for green infrastructure investing
An upcoming consultation by the MAS will likely propose a framework to allow insurers to invest in sustainable projects at more favourable risk charges, putting Singapore in line with other markets, says WTW.
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- March 7 2024
Australia’s US$1.3bn Asean push puts insurance high on the agenda
The SEAIFF will provide loans, guarantees, equity and insurance for projects that would boost trade and investment, particularly in support of the region's clean energy transition and infrastructure development.
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- March 6 2024
Kay International AMEA establishes Singapore hub for South-East Asia expansion
The Dubai-based reinsurance broker has appointed Ho Wing Hoong as regional chief executive and director to lead the regional subsidiary.
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- March 5 2024
Cyber, marine cargo and property to drive Singapore wholesale market in 2024: Howden
Claims inflation, war/conflict and talent are the three factors most likely to impact the market in the coming year, according to the broker's survey of insurers in Singapore and Malaysia.
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- March 4 2024
Asei Indonesia to further reduce credit insurance exposure: Fitch
The rating agency has affirmed the carrier's 'A (idn)' rating with a stable outlook to the Indonesian insurer.
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- March 1 2024
AIG strengthens APAC multinational programs offering with new leader
Singapore-based Jenny Boyd has been promoted to the role of head of multinational for Asia Pacific.
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- March 1 2024
Aon shakes up Asia leadership with three expanded regional roles
Singapore CEO Andrew Minnitt has been put in charge of Singapore, Malaysia and Indonesia, while the Philippines head Darren Oliver will lead the Philippines, Thailand and Vietnam and commercial risk solutions head Tracy-Lee Kus will take charge as head of Japan and Korea.
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- February 29 2024
Asia dominates world’s top-ten countries most exposed to weather perils: Swiss Re
In a ranking of 36 countries, the Philippines ranks as the most economically-exposed nation to climate change-induced property damage losses. Thailand, China, Taiwan, India also rank high.
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- February 29 2024
Shipowners, IOPC settle over 8000 claims one year after MT Princess Empress oil spill
The newest estimate of total damage to environmental and coastal communities exceeds US$731m, including environmental losses of US$712m and socioeconomic losses totalling US$19.5m.
