Country: Asia Pacific Page 283 / 491
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- October 8 2020
Aussie insurtech backed by Japan’s Daido Life raises US$43m
Such partnerships are likely to become mainstream in the next three years.
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- October 7 2020
McLarens continues global adjusters’ APAC expansion
New Zealand deal is the latest in the region to build on local networks and expertise.
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- October 7 2020
As IAG confirms US$99m settlement, Allianz also faces penalties
Aussie insurers have come under increasing regulatory and public scrutiny in recent years.
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- October 7 2020
Demand could see Asia’s motor GWP increase US$30bn by 2023
China saw a 16% increase in new vehicle sales in July in this key market.
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- October 6 2020
Axa’s Thomas Buberl warns on climate risk complacency
The market needs to balance the immediate threat of the pandemic with longer-term risks.
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- October 6 2020
Australia’s P&C brokers’ GWP remained steady in first half
It remains to be seen if they can gain any growth in the second half.
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- October 6 2020
RBNZ recommences Insurance Act review
The long-planned review was postponed again this March due to pandemic interruptions.
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- October 5 2020
Allianz Malaysia in strong position: AmInvestment Bank
GWP at the firm's life and P&C arms have been growing well ahead of the market average.
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- October 5 2020
Australia BI test case nears completion and decision
The ICA notes a "swift determination" will provide "greater clarity" for insurers, regulators and customers.
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- October 5 2020
IAG’s incoming CEO to simplify and refocus as challenges mount
Nick Hawkins has his work cut out, but the new leader has a battle plan.
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- October 2 2020
Manulife moves HK-based exec to Malaysia CEO role
The leader has significant bancassurance and digital experience.
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- October 2 2020
McLarens secures major acquisition in New Zealand
The deal will significantly expand the global loss adjuster's operations in the Pacific.
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- October 1 2020
Australia’s insurers brace for wet summer as La Nina declared
The weather pattern will have differing results depending on the part of the country.
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- October 1 2020
Hong Kong’s market grew 10% in challenging 2019
Data from the regulator shows robust growth before Covid-19 struck, despite the protests.
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- October 1 2020
Mid-Autumn Festival to boost China’s P&C players
The holiday should help spur internal tourism as 600 million journeys expected.
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- October 1 2020
MS&AD, Tokio Marine reaffirm climate commitments
They follow in the footsteps of Sompo, who released a climate and coal policy last week.
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- September 30 2020
Asia’s hardening market brings out different skill sets
As rates rise, brokers are working harder to secure similar policy terms at renewals.
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- September 30 2020
Terence Leung leaves QBE Hong Kong
The former head of commercial underwriting is understood to be joining a local player.
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- September 30 2020
CBIRC heightens digital supervision
By 2022 80% of China's insurers should be online.
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- September 30 2020
First Korean life player given Myanmar green light
The firm is now in search of a local partner to set up a JV.
