News Page 274 / 1221
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- September 26 2024
Next Queensland government should axe stamp duty: ICA
ICA forecasts an 8% reduction in premiums if the next state government removes a 9% stamp duty on insurance, which is imposed after a goods and services tax.
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- September 26 2024
Lockton names new Singapore CEO as Frederic Boles steps up to a regional role
Deven Lim has been promoted to chief executive effective October 1 as the Boles will transition into the role of regional head of professional and financial risks and credit for Asia.
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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
Insurers need a multipronged approach to carbon transition: Zurich’s Hui
Beyond underwriting and investment initiatives, insurers can serve as advocates for climate action, leveraging their expertise to influence public discourse on sustainability, says Zurich HK chief executive Eric Hui.
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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
Generali GC&C bolsters Asia leadership with AIG and Lloyd’s hires
The insurer as appointed Winnie Chu from AIG as head of financial lines underwriting and Joshua Lynch from Lloyd's as head of business development.
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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 26 2024
Australian brokers’ reported breaches in 2023 up 36% with US$6.5m impact on clients: IBCCC
In the 2023 Annual Data Report, the independent body tasked to monitor practitioners' compliance with the Insurance Brokers Code of Practice in Australia also highlights its concerns on brokers' failure to disclose their commissions to over 8,000 clients.
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- September 26 2024
Cybersecurity firm Blackpanda integrates underwriting unit into group
The cyber emergency response firm raises US$6.7 million from Singtel Innov8, Gaw Capital Partners and WI Harper Group, taking its total capital raised under Series A to US$21.7 million.
