Country: Asia Pacific Page 93 / 522
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- June 4 2024
AI key to exposure management, risk assessment beyond covered perils: CCR Re
Technologies such as natural language processing, machine learning are transforming how the global reinsurer assesses risks, predicts claims and prepares for climate change, says CRO & actuary Jérôme Isenbart.
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- June 3 2024
Seoul Guarantee Insurance partners Asuransi Asei to grow Indonesian surety presence
The two insurers will explore new revenue models and establish joint underwriting and reinsurance plans for the surety and credit insurance markets.
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- June 3 2024
New South Wales customers bear financial burden of emergency levy: ICA
ESL design disproportionately burdens those who are least able to afford it and does not fairly reflect the potential need for emergency services, the industry group says.
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- June 3 2024
QBE Asia brings on board Thomas Miller’s Alexander Bland as regional specialty claims head
Singapore-based Bland will report to Vick Rajaswaran, regional head of claims, and oversee specialty claims strategy and performance across Asia.
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- June 3 2024
Australian cyber specialist Emergence promotes Katrina Hickson to head of distribution
Hickson, who was the MGA's business development underwriter for Queensland and the Northern Territory, will oversee the national accounts strategy, key partnerships, and expand market presence in the newly created role designed to improve solutions for brokers.
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- June 3 2024
‘Grey zone aggression’ risks loom amid ongoing political uncertainties
While catastrophic scenarios are unlikely, risk managers see the possibility of “escalating pressure” in the South China Sea as a major concern.
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- June 3 2024
Vietnam National Reinsurance’s underwriting results to stay favourable: AM Best
The ratings agency has affirmed VinaRe's financial strength rating of "B++" (good) with a stable outlook.
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- June 3 2024
Australian lender Westpac sues insurers to recoup US$266m: report
A lawsuit against Chubb is set to be followed by other proceedings involving Axa, Allianz, Zurich, among others over the bank’s anti-money laundering settlement.
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- May 31 2024
Hong Kong 2024 Q1 P&C underwriting profit doubles to US$132m
The improvement came despite the sector’s total gross claims rising 12.1% as insurers in the city benefited from the release of prior-year reserves, the Hong Kong Insurance Authority said.
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- May 31 2024
London Australia Underwriting hires portfolio manager from Liberty Specialty Markets
With over 20 years of experience, Jamie Kennell-Webb has joined the MGA from Liberty Specialty Markets (Asia Pacific) where he held several senior roles.
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- May 31 2024
Allianz Commercial appoints Barbara Williams to Asia managing director for finance
Williams, who was most recently director of finance for the insurer's Canada branch, will relocate to Singapore and will be responsible for managing core financial functions across Asia.
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- May 31 2024
Opinion: Are risk models for Asia fit for purpose?
There is a need for carriers to build in-house modelling capabilities as third-party offerings lack a deep understanding and awareness of emerging risk exposures in Asia Pacific, especially for secondary perils.
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- May 31 2024
Blackpanda senior duo leave to launch loss adjusting venture
Hong Kong-based chief revenue officer Timothée Grange and loss adjusting VP Moying Chap are leaving the MGA at the end of this month.
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- May 30 2024
MSIG HK’s underwriting to stay profitable over next two years: S&P Global
S&P has affirmed its "A+" rating on the insurer with a stable outlook, as the carrier will preserve profitability through its stable Japan-related business.
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- May 30 2024
Central and western Australia to see above-average winter rainfall: BOM
The Bureau of Meteorology forecast said that the country is likely to have higher temperatures than usual for this time of the year following an autumn that was warmer for most parts.
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- May 30 2024
Australian MGA Ocean Underwriting to launch financial lines cover with Wade Cadman in charge
The Sydney-based MGA's and Lloyd's coverholder's new product will target SMEs and will be led by Cadman who joins from MGA Brooklyn Underwriting.
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- May 30 2024
Dual recruits Ed Birrell to expand ANZ title insurance business
Most recently as Dual Asset's head of UK M&A, Birrell will relocate to Sydney from London and start his new role in June.
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- May 30 2024
Emerging carbon credit insurers take roots in Asia Pacific
Specialist players like Kita and Oka have recently set up shop in the region as the market here is growing with Australia, Japan and Singapore leading the way.
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- May 30 2024
Australian consumer lobby calls for ‘significant reforms’ to general insurance code
The current code of conduct is riddled with loopholes that insurers have exploited, failing to provide adequate protection for consumers during critical times, says ACIL, which has formulated a set of 52 recommendations.
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- May 30 2024
Dual expands New Zealand operations with Wellington office
The new office will be the company’s first office outside Auckland and reflects the company’s growing presence in New Zealand.
