Country: Asia Page 39 / 394
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- June 25 2024
HDFC Ergo appoints Anuj Tyagi as CEO
Tyagi succeeds Ritesh Kumar, who will move to the board of management of Ergo International as deputy chief operating officer from October 4.
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- June 25 2024
PICC pilots e-CNY use for motor insurance premium payments in Beijing: report
If the pilot project, launched in collaboration with the People's Bank of China, is successful, the financial services group plans to expand its use to life, health, and agricultural insurance.
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- June 25 2024
Exclusive: Gallagher retreats from Japan a year after launch
The broker closed its wholesale broking business in May while the retail agency business is expected to close by end of this month, InsuranceAsia News understands.
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- June 25 2024
India to exempt reinsurance, co-insurance from GST: report
With the removal of the 18% tax, past cases where demand notices have been issued will be regularised on an “as is where is’ basis.
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- June 24 2024
Lotte Insurance final bids due June 28, Woori remains in the race
The sale by PE owner JKL Partners, managed by JP Morgan, is targeting US$1.45bn price tag for the carrier.
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- June 24 2024
Insurance claims from southern China torrential rain and floods hit US$85m: NFRA
Insurers have received 18,400 claims so far and the meteorological bureau is expecting persistent rain after upgrading the rainstorm alert to red, the highest of the four-colour ranking system.
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- June 24 2024
Income Insurance on S&P CreditWatch negative on potential government support dilution
The CreditWatch followed news that the Singapore government-backed insurer is in talks with Allianz for a stake sale.
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- June 24 2024
London’s digitalisation dream threatens to turn into nightmare
With Lloyd's delaying the implementation of Blueprint Two yet again, there is a growing feeling that the heralded change to the way the market works will come to nothing.
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- June 24 2024
Singapore oil spill losses set to rise as slick hits Malaysian waters
Malaysian authorities confirmed oil slick sightings at Sungai Rengit and Teluk Ramunia in Johor; while Singapore said it will seek compensation from owners of British Marine-insured Marine Honor.
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- June 24 2024
MS First Capital appoints Vikas Shukla as CEO
He assumes the role at the MSIG Asia company following the passing away of chief executive Ramaswamy Athappan last month.
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- June 24 2024
InsuResilience expands India parametric rainfall cover with further premium support
In 2020, ISF co-funded the development and implementation of the excess rainfall cover for India north-eastern state of Nagaland.
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- June 21 2024
China Re extends US$85.4bn cover to Belt & Road projects via reinsurance pool: report
Through China Belt & Road (B&R) Reinsurance Pool, the reinsurer has been providing risk protection to over 1,000 Chinese corporates' offshore projects over the past three years, president Zhuang Qianzhi says.
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- June 21 2024
Chinese insurtech Huize to buy controlling stake in Vietnamese startup Global Care
The deal marks Nasdaq-listed Huize's foray into the South-East Asia market and will introduce VinaCapital as a strategic shareholder of the Shenzhen-based insurtech.
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- June 20 2024
Japan hailfall insurance payout reaches US$356m: GIAJ
The hail that affected Hyogo prefecture in April saw insurers settling 98% of the total 122,152 accepted as of May 31, according to GIAJ.
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- June 20 2024
Girija Subramanian takes over as New India Assurance chairperson and managing director
She was formerly the CMD of Agriculture Insurance Company of India.
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- June 20 2024
China’s financial regulator chief outlines growth blueprint for insurance sector
Li Yunze, head of the National Financial Regulatory Administration, said the watchdog will soon announce measures on further promoting the reinsurance trading platform of the Shanghai Insurance Exchange.
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- June 20 2024
Lockton Singapore appoints new chief operating officer
Lena Tsia, who was previously the CEO of Cigna Singapore, reports to both Singapore chief executive Fred Boles and regional chief operating officer Phil Corrigan.
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- June 20 2024
Tackling data biases and low transparency key to AI adoption
Predictive modelling and machine learning hold big promises for improving accuracy of P&C underwriting, but risks such as AI’s black box problem and costs could impede their use.
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- June 20 2024
Japanese carriers walk a thin line on ESG underwriting: Fitch
While the major non-life insurers have incorporated sustainability considerartions, they may face pressure from foreign investors who consider them inconsistent with global environmental standards.
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- June 19 2024
Marsh launches new climate adaptation and resiliency centre in Singapore
With a team of over 100 executives based in Asia, the centre aims to help private companies adapt to extreme climate events and play a more active role in funding for climate adaptation initiatives.
