Country: Asia Pacific Page 256 / 491
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- May 24 2021
Nepal’s IB receives five applications for reinsurance licence–report
The Insurance Board requires applicants to have paid-up capital of around US$85m.
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- May 24 2021
China’s non-life underwriting margins to remain depressed in 2021: Fitch
Motor insurance reforms caused GWP to drop 30% on renewals despite increase of new vehicle sales.
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- May 24 2021
Peak Re to keep Asia focus amid global expansion
CEO Franz Josef Hahn tells IAN “Asia will always be our home" as other markets near 40% of GWP.
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- May 21 2021
Howden expands HX analytics platform into Asia
The Singapore-based operation is led by former Marsh executive Edward Howland Jackson.
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- May 21 2021
Japan’s ‘Big Three’ P&C players ride out Covid storm
MS&AD, Sompo and Tokio Marine benefitted from fewer domestic nat cat and motor claims.
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- May 21 2021
Thailand non-life premiums up 3.5% despite economic slowdown
AM Best report shows health insurance premiums jumped 44% in 2020.
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- May 20 2021
Aon/WTW: Taiwan’s antitrust authority gives the green light
The Fair Trade Commission says the mega broking deal would “not significantly restrict competition".
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- May 20 2021
ICA review identifies multiple issues with affordable commercial cover
Australia's SMEs need more help for public liability, PI, D&O and business interruption cover.
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- May 20 2021
Ed Asia poaches director from Howden for developing markets
Elia Rahmita Price will focus on Indonesia, Thailand and Vietnam.
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- May 20 2021
Asia to drive global P&C growth in next decade
APAC to account for 40% of all premium growth.
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- May 20 2021
Q&A: HKFI’s new chairman on the GBA, RBC and ESG
HSBC's Edward Moncreiffe explains some of the association's priorities over the next 12 months.
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- May 19 2021
Australian brokers Austcover and Regional Insurance merge
When the two Steadfast brokers combine on July 1, they will have 13 offices and around 150 staff.
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- May 19 2021
Velesto oil rig claims to top US$100m
Experts say the final payout for the sunken Naga 7 will depend on whether wreck removal is required.
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- May 18 2021
Acko eyes unicorn status and mulls IPO–report
The Mumbai-based insurtech has a number of high-profile investors including Amazon and Munich Re.
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- May 18 2021
China premium income rises 7.8% in Q1 amid Covid recovery
CBIRC data shows reinsurers were the top performers as assets grew 9.2% to over Rmb540bn.
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- May 18 2021
Peak Re hires from Hannover Re for global retro head
Sascha Bruns is set to join in September and will work on strategy for P&C business.
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- May 18 2021
Q&A: QBE’s Jason Hammond on digitalising claims and pricing
The insurer has been piloting AI models and robotics to support automation.
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- May 18 2021
Axa’s Asia Assistance unit hit by cyber attack
The hack comes soon after the European insurer stopped underwriting ransomware payouts in France.
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- May 17 2021
HKIA designates AIA, Prudential, FWD under GWS framework
Hong Kong joins Australia, Bermuda, Singapore and the UK by enacting group-wide oversight.
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- May 17 2021
Gallagher’s China loss is Aon’s gain
The omission of China and HK from the Willis Re sale is a great deal for Aon.
