Country: Asia Pacific Page 278 / 516
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- June 17 2021
MAS reprimands AIA, Aviva and Prudential for regulatory breaches
The SG regulator cited numerous failings around risk management and remuneration.
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- June 17 2021
Axa’s €300m BI offer won’t fly down under
Australia is by far the most amenable jurisdiction to class actions in Asia.
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- June 16 2021
Credit Suisse prepares Greensill claims–report
A Tokio Marine subsidiary provided the trade credit insurance for the bankrupt supply chain finance firm.
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- June 16 2021
Kakao Pay handed digital insurance licence by FSC
The South Korea digital giant is eyeing a H1 2022 launch subject to final regulatory approval.
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- June 16 2021
Acko is back as India’s growth champion
The digital motor and health insurer has more than doubled its book in 2021.
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- June 16 2021
Hyundai Marine & Fire underwriting improves on lower motor losses
Reduced auto claims due to a Covid-19 lockdown helped to boost performance.
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- June 16 2021
Bangkok Insurance sees US$720 million in direct premiums for 2020
AM Best report notes the insurer's moderate dependence on reinsurance to manage nat cat exposure.
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- June 15 2021
Victoria flood losses to rise as ICA reveals over 10,500 claims
Suncorp and IAG breach nat cat allowances as Insurance Council of Australia declares catastrophe.
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- June 15 2021
Markel eyes collaboration to boost Asia capacity
Sharing risk is key to providing more local capacity for specialist classes, regional head tells IAN.
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- June 15 2021
Lloyd’s HK representative to take on Asia markets role—sources
IAN understands that Thomas Haddrill is set to start his new role in Singapore on July 1.
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- June 15 2021
Philippine insurance authority seeks comment on agriculture PPP
Insurers would need to reinsure a minimum of 10% of the risk with Nat Re.
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- June 14 2021
Olympics ‘too big to fail’ for specialty contingency market
Estimates have put the total figure for a Tokyo washout at US$3bn.
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- June 14 2021
Nat Re underwriting profits rise on lower non-life losses
AM Best report notes the reinsurer maintains a moderate dependence on retrocession.
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- June 14 2021
Sri Lanka’s non-life market to veer away from motor
Fitch analyst tells IAN a vehicle import ban has created a shift toward other business lines.
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- June 11 2021
Cambodia resilient as general insurance grows 10.5% in 2020: report
The highest increases were seen in property and medical insurance.
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- June 11 2021
Singapore P&C growth to defy lockdown
General insurance premiums were up by 4.3% in the first quarter of 2021.
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- June 11 2021
MLC Life taps QBE vet to head insurance claims down under
Andrew Beevors to become chief claims officer effective August 16.
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- June 11 2021
Australia underwriting agency 360 enters NZ acquiring TLC
The New Zealand insurance firm specialises in mobile plant, heavy machinery and forestry.
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- June 10 2021
Munich Re promotes William Man to HK, Taiwan life general manager
The chief actuary will combine his previous role with underwriting and business development.
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- June 10 2021
CPIC close to setting-up Hong Kong life arm—sources
IAN understands Simon Lam has joined from Munich Re to aid the launch.
