Country: Asia Page 189 / 397
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- May 27 2021
Philippines’ insurers paid US$80m in Covid-related claims in 2020
Insurance Commission survey reveals almost one-third of payouts went to death benefits.
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- May 27 2021
X-Press Pearl fire to see ‘significant’ cargo, salvage claims
Insurers face claims in the tens of millions of US dollars.
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- May 25 2021
Euler Hermes appoints new APAC CEO
Company veteran Paul Flanagan to begin on July 1 as Holger Schäfer handed new role at the global trade credit player.
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- May 25 2021
Aviva Singlife poaches DBS veteran as CEO
Pearlyn Phau joins the Singapore life player as executive director and group chief executive.
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- May 25 2021
Shenzhen skyscraper wobble puts focus on construction liability
Professional indemnity insurance would likely be the focus of any claim.
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- May 24 2021
Nepal’s IB receives five applications for reinsurance licence–report
The Insurance Board requires applicants to have paid-up capital of around US$85m.
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- May 24 2021
China’s non-life underwriting margins to remain depressed in 2021: Fitch
Motor insurance reforms caused GWP to drop 30% on renewals despite increase of new vehicle sales.
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- May 24 2021
Peak Re to keep Asia focus amid global expansion
CEO Franz Josef Hahn tells IAN “Asia will always be our home" as other markets near 40% of GWP.
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- May 21 2021
Howden expands HX analytics platform into Asia
The Singapore-based operation is led by former Marsh executive Edward Howland Jackson.
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- May 21 2021
Japan’s ‘Big Three’ P&C players ride out Covid storm
MS&AD, Sompo and Tokio Marine benefitted from fewer domestic nat cat and motor claims.
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- May 21 2021
Thailand non-life premiums up 3.5% despite economic slowdown
AM Best report shows health insurance premiums jumped 44% in 2020.
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- May 20 2021
Aon/WTW: Taiwan’s antitrust authority gives the green light
The Fair Trade Commission says the mega broking deal would “not significantly restrict competition".
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- May 20 2021
Ed Asia poaches director from Howden for developing markets
Elia Rahmita Price will focus on Indonesia, Thailand and Vietnam.
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- May 20 2021
Asia to drive global P&C growth in next decade
APAC to account for 40% of all premium growth.
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- May 20 2021
Q&A: HKFI’s new chairman on the GBA, RBC and ESG
HSBC's Edward Moncreiffe explains some of the association's priorities over the next 12 months.
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- May 19 2021
Velesto oil rig claims to top US$100m
Experts say the final payout for the sunken Naga 7 will depend on whether wreck removal is required.
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- May 18 2021
Acko eyes unicorn status and mulls IPO–report
The Mumbai-based insurtech has a number of high-profile investors including Amazon and Munich Re.
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- May 18 2021
China premium income rises 7.8% in Q1 amid Covid recovery
CBIRC data shows reinsurers were the top performers as assets grew 9.2% to over Rmb540bn.
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- May 18 2021
Peak Re hires from Hannover Re for global retro head
Sascha Bruns is set to join in September and will work on strategy for P&C business.
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- May 18 2021
Q&A: QBE’s Jason Hammond on digitalising claims and pricing
The insurer has been piloting AI models and robotics to support automation.
