Industry Segments: Claims Page 21 / 45
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- August 11 2022
Chubb Singapore appoints head of claims and head of transformation
Kho Yen Wei and Norma Wu have been tasked with improving efficiency.
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- August 11 2022
Powerful and unusual hailstorm dents Japan’s ‘big three’ Q1 results
The insurance giants saw losses of US$610m from freak storm in addition to Ukraine impact.
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- August 10 2022
Seoul flooding leaves Korean P&C players facing thousands of claims: report
Insurers including Samsung Fire & Marine and DB Insurance said the damages amount to several billion won.
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- August 8 2022
Suncorp’s profits fall 34% on nat cats amid US$1.7bn of reinsurance recoveries
The group missed its full year nat cat target by US$70m and had an investment loss of US$131m.
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- August 8 2022
Australian floods dampen reinsurers’ H1 results as secondary perils drive losses
Munich Re, Swiss Re, Hannover Re and PartnerRe were among firms hit by the wild weather.
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- August 4 2022
New Zealand’s climate plan urges development of home flood insurance
The country’s first climate adaptation document wants to address affordability of cover.
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- August 3 2022
Urban floods in India, China and Bangladesh spurred H1 cat losses: Swiss Re
Floods in Australia were the costliest cat event in H1 2022 in terms of insured losses.
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- August 1 2022
Malayan Insurance COR hampered by fire and cat losses: AM Best
The company reported a five-year average combined ratio of 101.4%.
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- July 29 2022
Analysts raise silicosis market concerns as IAG strengthens reserves
As claims related to the lung disease rise, the years ahead could prove tricky for Australia's casualty sector.
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- July 28 2022
Australia floods and Japan earthquake lead H1 2022 APAC insured losses: Aon
The total costs of the two disasters totaled US$6.2bn in insured losses.
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- July 27 2022
Fire and liability losses drive APAC claims burden
Inflation is set to add to a costly claims' environment of rising property values and extreme weather.
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- July 27 2022
McLarens taps Crawford exec as operations manager in Australia
Darren McKinnon will continue to be based in Brisbane.
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- July 22 2022
IAG returns to profit in FY 2022, but records US$245m nat cat miss
The insurer strengthened prior reserves by US$119m in part due to claims inflation.
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- July 21 2022
Generali Global Corporate & Commercial hires Swiss Re exec as Asia head of claims
Hong Kong-based Emma Ng will report to Axel Roesner, head of GC&C Asia.
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- July 21 2022
MSIG paid US$48.6m of claims in Hong Kong and Macau in 2021
The claims settlement ratio increased 1.4% to 92.4% compared with 2020.
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- July 21 2022
Zurich hands claims specialist Steven Kopti regional role
The firm is looking to recruit a new Singapore chief claims officer.
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- July 18 2022
DB Insurance benefits from underwriting improvement: AM Best
The Korean firm's five year average COR is the lowest among its domestic peers.
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- July 15 2022
Hong Kong’s Target placed into liquidation by HKIA
The taxi insurer ran into trouble at end of 2021 as HKIA's CEO says there's "room for improvement" in the market.
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- July 14 2022
Australia’s PM unveils climate plan as NSW flood claims approach US$100m
Anthony Albanese highlights large scale renewable energy plan, as over 12,000 claims lodged from recent flooding.
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- July 12 2022
NSW claims rise to US$83m in latest flooding disaster
Over 10,500 claims have been lodged with insurers already, said the ICA.
