Country: Asia Pacific Page 302 / 531
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- April 1 2021
Secondary perils on increase in APAC: Swiss Re
The reinsurer's chief economist warns that climate change has no "expiry date" in the group's latest Sigma report.
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- March 31 2021
Philippines insurtech targets SE Asia after aggregator launch
Kwik.insure founder tells IAN it is eyeing Vietnam following local tie-up with 15 insurers.
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- March 31 2021
Peak Re’s profit climbs to US$90.8m in 2020
GWP was up 18.2% with the reinsurer well immunised from Covid-19 shocks.
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- March 30 2021
Malaysia P&C underwriting margins to come under pressure
AM Best sees an increased digitalisation of the market and 'good' profitability in the medium-term.
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- March 30 2021
South Korea’s Kyobo Life appoints three co-CEOs
Pyun Jung-beom to lead digital transformation alongside Shin Chang-jae and Yoon Yeol-hyun.
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- March 30 2021
Hong Kong’s GWS framework comes into effect
Regulator's chief executive hopes the move will attract more big players.
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- March 30 2021
Ever Given: wider marine insurance market to see limited impact
AGCS expert tells IAN it is still too early to predict overall losses.
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- March 29 2021
Sedgwick appoints Asia forensic advisory head
Linda Sim, a senior manager at the loss adjuster since 2017, takes on the role.
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- March 29 2021
China Pacific Insurance profits decline 11.4% in 2020
The insurance giant saw new life business fall 27.4% while non-motor P&C GWP grew 30%.
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- March 29 2021
The cost of Singapore’s circuit breaker
While the P&C market booked big profits, IAN analysis shows a wide variety of outcomes across different business lines.
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- March 29 2021
IAG pegs recent flood losses at US$153m
NSW and Queensland see 25,000 claims so far according to the Insurance Council of Australia.
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- March 26 2021
South Korea insurers’ profit spike to face 2021 headwinds
Regulator reveals 14% increase for 2020 but expert predicts claims jump as Covid-19 restrictions are relaxed.
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- March 26 2021
Iain Reynolds and Andrew Souter to co-lead Peak Re’s P&C operation
Head of analytics and director of markets step up as Chris Kershaw retires.
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- March 26 2021
Marsh complaint unlikely to hold water in Greensill saga
Directors at Credit Suisse are reported to have said that the broker didn’t wave any "red flags" about cover.
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- March 25 2021
ICA: ‘Substantial’ BI issues to be resolved in 2021
Oral arguments in appeal of first test case could be heard in May.
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- March 25 2021
Malaysia’s motor market needs ‘opening up’: PIAM
Industry body urges changes in how insurers can price risk to address consistent losses.
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- March 24 2021
AIA acquisition of BEA Life a sign of things to come
Hong Kong insurer pays US$650m and inks 15-year bancassurance partnership.
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- March 24 2021
Sun Life hands Clement Lam Hong Kong CEO role
The Canadian insurer also taps Asia CFO Karim Gilani to oversee Hong Kong, Singapore and Bermuda.
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- March 24 2021
China’s insurers see data protection as main digital barrier
Geneva Association survey ranks the PRC as the most "accommodating" market globally as pandemic drives digitalisation.
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- March 24 2021
HK-based Lloyd’s coverholder eyes Asia cyber market
Industry sources say the Pandamatics Underwriting start-up will hopefully spur competition.
