Eastern Australia’s wild weather claims in December top 40,000: ICA
January 3 2024 by InsuranceAsia News
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Asian carriers must expand on renewables as climate losses exceed fossil fuels GWP
- December 10
Insurers should use their influence on the traditional energy sector that only contributes 2% of the total premium to protect the remaining 98% of their business, say climate activists.
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Vietnam’s Petrolimex Insurance could see volatility ahead over Yagi losses: AM Best
- December 6
AM Best has affirmed an insurer rating of B++ (good) with a stable outlook to PJICO.
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New Zealand’s Southern Response to slash headcount as Canterbury earthquake claims grant nears end: reports
- December 5
The roles would be reduced by at least 15 personnel to about eight or nine by June 2025 when the Crown package, which has already settled 9,019 claims or about 96% of the eligible applicants, is expected to be wound up.
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Nat cat insured losses to cross US$135bn in 2024: Swiss Re
- December 5
For the fifth consecutive year, insured losses from natural catastrophes broke the US$100bn mark, Swiss Re Institute data shows.
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AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Sedgwick | To Handle CAT Claims Well, Multi-Step Preparation is Key
When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
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HSBC Asset Management | Is it time to relook at Asian currency bonds?
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
