Country: East Asia Page 9 / 205
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- October 7 2024
Hartford Asia powers up financial lines underwriting with Melanie Ho hire
Based in Hong Kong, Ho joined from Chubb where she began her insurance career in 2021 as an assistant underwriter.
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- October 7 2024
Typhoon Krathon’s economic losses likely reach ‘tens of million’ in Taiwan, Philippines
The local government in Taiwan's Keelung city estimated that restoration and rebuilding work related to typhoon Krathon will cause US$14.8m according to local media citing city mayor George Hsieh.
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- October 4 2024
Brokers take measured approach to crack Japan’s US$62bn premium pot
With expectation for more intermediation, Western brokers are taking different approaches to entering the world's fourth largest insurance market.
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- October 3 2024
Typhoon Krathon makes landfall as Taiwan shuts down for second day
The slow-moving typhoon is expected to cause 'catastrophic damage' as it is likely to have a longer impact on the island as it moves through the populous western plains but it is weakening and is expected to turn into a tropical depression before reaching Taipei.
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- October 3 2024
Opinion: What has happened to the ESG agenda?
While financial services jargon changes with each decade, time has shown that it is the policy that matters, not the presentation.
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- October 2 2024
Typhoon Shanshan claims climb to US$180m in Japan
Fire insurance losses accounted for the bulk of 90% of the claims paid out and 85% of claims filed after the strongest typhoon to hit the country in decades made landfall in south-west Japan on August 29.
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- October 2 2024
Reinsurers’ risk insights, modelling vital to taming escalating nat cat losses: Swiss Re
Besides providing capacity, the reinsurer's expertise and insights on risks related to climate change and renewable energy are key to its collaboration with insurers in limiting nat cat losses, says Victor Kuk.
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- October 1 2024
NFRA unveils special insurance initiative for Chinese tech enterprises
The regulator's goal is to enhance offerings for businesses at various stages of their lifecycle in different areas, such as cybersecurity and R&D loss insurance.
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- October 1 2024
Analytics: Hong Kong premium growth and claim frequency are converging to normal level: HKIA
According to 2023 data from the regulator, the SAR's general insurance business reported the worst overall loss ratio in five years at 62.8%, while COR sank to a near five-year low after an 8.3 percentage point deterioration year-on-year.
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- September 30 2024
Tokio Marine sets US$317m decarbonisation premium target for FY 2026
The new interim target is part of the carrier's goal to achieve net zero by 2050 and is 27% higher than its previous target set for FY 2023.
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- September 30 2024
Typhoon Krathon expected to make ‘rare’ direct hit on Taiwan’s western plains
The tropical storm, likely to intensify into a super typhoon, is forecast to hit the major port city of Kaohsiung early on October 2 and make its way to Japan.
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- September 30 2024
Japan P&I Club announces major leadership reshuffle
Riki Yamamoto, Kyoko Sakamoto, Yoji Tanaka and Shigeru Yamada are all part of the organisational reshuffle following the split of the Tokyo underwriting department into Tokyo underwriting department I and Tokyo underwriting department II.
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- September 27 2024
Sompo Japan sustains strong operating performance: AM Best
The insurer has demonstrated strong operating performance, reflected in consistent growth in premium income and a five-year average return-on-equity ratio of 8.9% for the fiscal years 2019 to 2023.
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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.
