Country: Asia Page 119 / 394
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- December 7 2022
Korea’s new capital standard to kick in from next year: report
The new capital regime, together with IFRS 17, is likely to squeeze insurers' capital buffers.
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- December 7 2022
Kroll snaps up energy sector valuation consultant AVC
AVC has operations in Thailand and offers technical claims support across APAC.
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- December 7 2022
AGCS appoints Asia financial lines claims manager
Fiona Tom, who has previously worked at Aon, has relocated from Sydney to Singapore for the role.
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- December 7 2022
Korean Re’s partial coal exit faces backlash
The reinsurer told IAN that it 'acknowledges the declaration may fall short' but 'will make the best efforts to improve decarbonisation policies and achieve net-zero by 2050'.
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- December 7 2022
Japan, Korea and China stable as global P&C outlook turns negative: Moody’s
In most regions across the globe claims inflation is hurting underwriting profitability.
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- December 6 2022
China non-life carriers to see steady premium growth, sound solvency buffer: Fitch
Non-motor to be the growth driver due to regulatory initiatives and low market penetration.
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- December 6 2022
HKIA’s roadmap to help build regional connectivity and mobilise private capital
Tech, talent and data are the enablers of sector growth, according to Hong Kong's secretary for financial services and treasury.
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- December 6 2022
Hong Kong’s John Lee unveils insurance roadmap, hails ‘promising start’ for ILS
Chief executive wants market to share product ideas, as the financial secretary targets 'free flow of information, capital and talent' in the GBA.
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- December 5 2022
Meritz Fire & Marine’s loss ratio outperformed domestic peers: AM Best
The rating agency upgraded Korea’s fifth largest non-life carrier's rating to A on its strong profitability.
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- December 5 2022
WTW names William Miller as head of APAC for new crisis management unit
The broker is merging its special contingency risk and terrorism and political violence teams from January 1.
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- December 5 2022
Hotai Insurance downgraded by AM Best over ‘significant’ pandemic claims
The Taiwanese general insurer has been rated at B++ as Covid-19 claims wiped off US$853m capital injection by parent Hotai Motor.
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- December 5 2022
Nan Shan General to see through Covid claims damage: AM Best
The Taiwanese P&C carrier had reported a net loss of US$426m primarily due to pandemic claims
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- December 5 2022
Allianz seeks to grow Asian P&C mid-market presence
Eyes expansion in the segment where it is underweight through investments in people and capabilities.
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- December 2 2022
Aon appoints John Morley as APAC leader for strategy and technology group
The former EY executive will join the broker's Singapore office and report to Colin Forrest.
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- December 2 2022
West of England names new head underwriters in Singapore and HK
Senior underwriters David Griffiths will take charge in the Lion City and Xuanlun Cai in the SAR.
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- December 2 2022
TuguRe to reduce credit insurance and fire exposure to boost profits: Fitch
The Indonesian firm's GWP grew 41% in H1 2022 after shrinking by 19% in 2021 and 8% in 2020.
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- December 2 2022
IRDAI’s liberalisation agenda raises risk of insurer failures
Wide-ranging reforms will ease the path to markets, but excess capacity could also lead to greater competition.
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- December 2 2022
Insurers keen to experiment with metaverse despite scepticism
Industry leaders at the Pacific Insurance Conference agree that while the opportunity looks big, it requires further investments for wider adoption.
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- December 2 2022
Japan’s insurers to improve profitability from domestic underwriting in 2023: Fitch
All three major non-life groups’ net insured losses from local nat cats more than tripled in H1 2022/3.
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- December 1 2022
Miller hires from Aon in Asia marine push
Choo Cai Ling joins the broker's Singapore marine team and will report to Nick King, the head of the division.
