Country: East Asia Page 19 / 215
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- September 27 2024
Samsung P&C China to post underwriting losses for next two years: S&P Global
S&P Global Ratings affirmed its "A" rating on the insurer with a "stable" outlook under its revised capital model.
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- September 27 2024
New routes create new risks for insurers as Red Sea remains US$3tn threat
As longer transit time, delays, increased emissions and piracy threats plague attempts to circumvent the region, it could be transformational for the Belt and Road initiative as cargo moves to rail and air.
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- September 27 2024
Insurers need to attract APAC’s diverse talent pool to innovate and grow: HSBC’s Tsang
HSBC Life’s Hong Kong CEO Daisy Tsang tells InsuranceAsia News how different initiatives can help regional businesses attract, educate and retain top talent, especially amongst younger employees.
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- September 26 2024
Axa XL appoints Priscilla Yeung as property underwriter in Hong Kong
Yeung joins the specialty (re)insurer from Allied World, where she was a senior underwriter.
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- September 26 2024
West P&I promotes Cai Xuanlun to CEO for Hong Kong office
Cai replaces Robert Macnamara, who was the chief executive for the IG P&I Club in the city for 28 years, and will start in the role in December this year.
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- September 26 2024
Q&A: Global warming is creating uncertainty in valuation of physical assets
Chelsea Jiang, Axa’s chief technical and innovation officer, general insurance for Greater China, shares her views on parametric, how companies can guard against convective storms, and HK’s role in narrowing China’s protection gap.
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- September 26 2024
WTW launches new China client division with Jie Yan named as head
New York-based Yan has been promoted to head the newly launched division after having assumed various senior roles at the global broker over the past 11 years.
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- September 26 2024
Gen AI, digital infrastructure foundational to enhancing customer experience: FWD
The Hong Kong insurance group's chief digital officer Ryan Kim shares how AI and technology can benefit insurers’ operations and distribution processes.
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- September 26 2024
Better cat data key to easing region’s growing capacity pressures: Perils’ APAC head
As insurance penetration and cat exposure rise in APAC, the availability of better quality data must go hand-in-hand with the growth of alternative capital sources. That leads the cat loss specialist to expand its loss data coverage in Japan & South-East Asia, said Darryl Pidcock.
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- September 26 2024
Reinsurers pivotal to supporting China’s cat insurance system: Taiping Re’s Sheldon Yu
The Chinese government has stated its intention to promote a catastrophe insurance system that will run along market principles, as regulators seek to improve the country’s response to natural catastrophes, which have caused direct economic losses of US$12.8bn in H1 2024.
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- September 25 2024
Rising cat losses in Greater China put risk exposures under the lens
(Re)insurers in the region are increasingly focusing on understanding and analysing risk exposures and are more willing to invest in data collection, says Guy Carpenter’s Kitty Bao.
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- September 25 2024
Hong Kong’s connectivity with GBA has reinforced its role as a global risk management centre, IA’s Clement Cheung
The SAR is well-placed to be a hub for captives, especially by mainland enterprises to holistically monitor their overseas project risks and scale up their intra-group risk management capacity, says the regulator’s CEO.
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- September 25 2024
Strategic initiatives, policy reforms crucial to encourage female participation
Gen Re’s Orchis Li sees gender equality as key market driver as the reinsurer’s GM gives her perspective on female leadership and representation in the Hong Kong market.
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- September 25 2024
Hong Kong RBC framework enhances insurers’ enterprise risk management: AM Best
The risk-based capital regime also introduces disclosure requirements that will improve transparency and comparability among insurers in Hong Kong, the rating agency said.
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- September 25 2024
Typhoon Pulasan exacerbates Bebinca losses in China
The cumulative effect of losses from both typhoons in the country, added to losses from Yagi in South China, is more serious compared with the previous two years and will naturally impact the financial performance of (re)insurers in 2024, according to loss adjusters in China.
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- September 24 2024
Policy support and RBC to help insurers tackle emerging challenges: Michael Wong
The government has introduced policies and a new capital regime to help the sector tackle these challenges, said acting financial secretary Michael Wong inaugurating EAIC 2024.
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- September 24 2024
Everest Insurance appoints Keiichi Ishida as head of Japan
Ishida will assume the new role in addition to his current position of senior property underwriter and will lead the Japan desk from Singapore.
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- September 23 2024
Korea’s Wise Insurance appoints Yubeom Kim as reinsurance team director
Before joining Wise, Seoul-based Kim worked at HIS Insurance for over seven years where he was most recently director.
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- September 23 2024
Japan’s flooding and landslides cause power cuts, casualties in quake-hit Noto Peninsula
More than 100,000 people have been ordered to be evacuated in Ishikawa and Kumamoto prefectures with 6,000 households left without power Japan and train services suspended as Japan Meteorological Agency issued its highest "life-threatening" alert level following torrential rains in the region.
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- September 20 2024
Taiping Re’s capitalisation to remain at strongest level: AM Best
The rating agency has affirmed its “A” (excellent) financial strength rating on Taiping Re (Hong Kong) and its wholly-owned subsidiary, Taiping Reinsurance (China) with a "stable" outlook.
