Country: Asia Pacific Page 253 / 510
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- October 19 2021
Policybazaar parent gets IPO nod from India regulator: report
Parent PB Fintech has been labeled a “foreign-owned and controlled” entity and counts Softbank and Tencent as investors.
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- October 19 2021
Hong Kong digital insurer Avo raises HK$260m
The digital insurer recorded gross written premiums of HK$1m in 2020.
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- October 19 2021
HKIA talks tough in conduct report
Regulator suggests it could take a harder line going forward after talking first disciplinary action.
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- October 19 2021
Anxin Agricultural Insurance faces high geographic, product risks: Moody’s
A high geographic concentration around Shanghai offsets some of the insurer's strengths, the rating agency said.
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- October 19 2021
Thailand’s insurers ‘wake up’ to digital amid muted growth
Local expert tells IAN the industry needs to embrace change post-pandemic.
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- October 18 2021
Charles Taylor appoints new Greater China director
Derik Chen previously worked as a claims manager with Axa XL in Shanghai.
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- October 18 2021
Shinhan Life joins net-zero climate push
Commitment to limit emissions of underwriting portfolio is first for an Asian insurer and comes ahead of COP26.
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- October 15 2021
IAG brought to Federal Court by ASIC over discounts
Regulator alleges a subsidiary engaged in misleading conduct over discounts for personal policies involving around A$60m.
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- October 15 2021
CBIRC gives AIA greenlight for Hubei operations
The insurer has added to mainland units in Shanghai, Beijing, Guangdong, Shenzhen, Jiangsu, Tianjin, Hebei and Sichuan.
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- October 15 2021
Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
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- October 15 2021
Asia’s political risk market adapts to Zurich exit
The Swiss insurer is no longer a major market player and capacity in unlikely to be affected, but talent could leave.
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- October 14 2021
South Asia digital P&C personal premiums to hit US$7.5bn: Swiss Re
Report says the figure will be reached within five years with digital penetration currently 1-2%.
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- October 14 2021
Fusion appoints Gallagher exec as a managing partner
Katherine Simmonds joins the specialist MGA in Sydney.
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- October 14 2021
Nexus eyes Asia M&A after US$95m cash injection
The MGA has been growing its presence in the region over the last few years.
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- October 14 2021
Singapore insurtech Surer closes seed funding round
Global specialist insurer Markel has participated in the US$1m seed round.
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- October 14 2021
Australia’s P&C players told to up their risk game
APRA's deputy chair Helen Rowell describes BI issue as a “significant mis-step” by the country’s general insurers.
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- October 13 2021
Munich Re Ventures raises US$500m, seeks insurtech opportunities
The reinsurer's VC arm has already invested millions of dollars into Indian insurtech Acko.
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- October 13 2021
Markel bolsters APAC energy team with two underwriters
Max Robbie and Yong Ruay Heah previously worked at Oman Insurance and Aon, respectively.
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- October 13 2021
SiriusPoint taps Heerasing for international role
The Singapore-based exec becomes head of strategic business development and will focus first on the Asia Pacific region.
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- October 13 2021
Tropical Cyclone Seroja loss revised downward to US$290m: Perils
The nat cat data provider's initial estimates put the cost to the insurance industry at US$318m.
