Country: Asia Pacific Page 305 / 564
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- October 29 2021
ICA declares catastrophe as South Australia hit by severe storms
Over 12,000 claims have already been filed with the number expected to rise and "substantial" crop losses expected.
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- October 29 2021
Hong Kong regulator gives November 30 vaccination deadline
Those who are unable — or unwilling — to get the jab will need to undergo mandatory Covid-19 testing every two weeks.
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- October 29 2021
IAG faces up to ‘historical failures’ despite pushback on bonuses
A shareholder revolt greeted the insurer's executive compensation plans after posting a US$313m loss.
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- October 28 2021
Ping An’s net profit continues downward trend
Premium income at the insurer's P&C arm fell by 9.2% over the first nine months of 2021.
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- October 28 2021
Parima 2021: Institutional capital an alternative to traditional capacity
Aon's new Asia CEO cites ability of pension funds and sovereign wealth funds to provide the market with different options.
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- October 28 2021
Financial lines led Asia Q3 price hikes: Marsh
Heightened cyber risk generated pressure on pricing, a reduction in capacity and a narrowing of cover.
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- October 28 2021
NZ’s P&C stress tests highlight offshore capital reliance
Physical and transition risks from climate change will feature in future tests from the regulator.
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- October 27 2021
WTW appoints Indonesia head as Asia corporate and risk leader
Luke Ware starts with immediate effect in Singapore and replaces Scott Burnett who has taken on an international role.
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- October 27 2021
Suncorp sees up to US$370m nat cat claims in four months
The P&C player's full year natural hazard allowance is A$980m.
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- October 27 2021
Parima 2021: PPPs make green energy projects viable
Insurers say renewable business lines have struggled with profitability for many years.
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- October 27 2021
Taiwan enjoys record P&C premium growth
The non-life market is growing at its fastest pace in more than a decade.
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- October 26 2021
Weak motor profits to impact China’s P&C players beyond 2021
Pricing pressure from regulatory reforms could prompt some smaller insurers to exit the business line completely.
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- October 26 2021
Only 12% of Asia’s cat losses insured: AIR Worldwide
The region saw US$30bn of economic losses associated with natural catastrophes in September alone.
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- October 26 2021
Sun Life appoints former Old Mutual director as Asia president
Hong Kong-based Ingrid Johnson has succeeded Léo Grépin who left the insurer earlier this month.
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- October 26 2021
Hong Kong’s brokers urged to plan renewals early amid hard market
CIB event told that property risk models can fail to estimate the true scale of losses.
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- October 26 2021
China Life P&C sees 4.5% premium growth in H1 2021: Moody’s
The insurer continued to record underwriting losses partly due to the performance of its motor business.
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- October 25 2021
HKIA panel flags ‘long’ timeline for some complaints
Independent review panel says Insurance Authority review timelines can be lengthy on occasion.
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- October 25 2021
ESG primed for Asia’s insurance mainstream
Sun Life Malaysia has just launched the country’s first investment-linked ESG fund.
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- October 22 2021
Dah Sing Insurance maintains Hong Kong market share
AM Best says the P&C player plans to scale down its reinsurance inward treaty business to better control risk accumulation.
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- October 22 2021
McLardy McShane seals deal for Sydney Insurance Brokers
The purchase creates a new entity — McLardy McShane Dimou — with Dora Dimou joining from a local rival.
