Industry Segments: Claims Page 28 / 47
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- January 18 2022
Powerful Queensland hailstorm triggers commercial claims
The storm damaged a council building, an aquatic center and an art gallery in Toowomba.
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- January 14 2022
Climate crisis dominates Asia’s risk outlook
Nat cats caused US$50bn of losses in APAC in 2021, as WEF says top five risks are linked to climate change.
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- January 13 2022
India pressed for pandemic risk pool
The regulator has been working on the project with a private and public partnership the most likely outcome.
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- January 13 2022
Typhoon Rai triggers thousands of claims for Philippines’ adjusters
Major damage to a hospital, a grain silo firm and beach resorts will lead to millions of dollars in payouts.
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- January 11 2022
China was second-largest insurance market again in 2021: CBIRC
The total claims payout was US$224bn in the first 11 months of the year, the regulator said.
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- January 7 2022
IAG renews reinsurance cat cover at US$7.2bn
The 2022 program structure is similar to prior years with the price increasing by "mid single digits".
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- December 22 2021
NZ extreme weather claims hit record high
Insurers have paid out US$206m in 2021 so far with home and contents accounting for around two-thirds of the total.
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- December 21 2021
Philippine regulator urges insurers to fast-track Typhoon Rai claims
Insurance Commission head Dennis Funa says there has been widespread damage from landslides and flooding.
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- December 16 2021
Japan summer rainfall claims surpass US$400m: GIAJ
A previous estimate in September was around US$300m lower than the latest figure.
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- December 14 2021
Swiss Re’s Victor Kuk on partnerships, claims and automation
The head of P&C reinsurance for South-East Asia, India, Hong Kong, Taiwan and South Korea, looks ahead to 2022.
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- December 13 2021
Late October Australia storm cost insurers US$740m: Perils
For the state of South Australia the event could be one of the costliest natural catastrophes ever.
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- December 10 2021
New Zealand’s July storm bill hits US$96m: ICNZ
The association said this figure is a 15% increase from its previous report in September.
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- December 2 2021
Cyclone claims to rise unless house designs improve: ICA
New report says construction methods need updating amid an evolving climate change threat.
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- December 2 2021
McLarens expands Asia team with senior appointments
The loss adjuster appoints Kevin Yu and Yee-Su Tsai to lead operations in China and Taiwan.
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- December 1 2021
Australia ups state flood mitigation funding by US$35m
Applications opened this week to access money from the country's National Flood Mitigation Infrastructure Program.
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- November 25 2021
New Zealand’s Tower sees net profit climb 72% in FY2021
The frequency of large house claims, predominantly driven by fires, continued to increase in the second half of the year.
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- November 18 2021
KB Insurance’s underwriting boosted by fewer claims: AM Best
The firm is South Korea’s fourth-largest non-life insurer with a market share of around 13%.
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- November 15 2021
Munich Re’s Park on climate risks, underwriting and transformation
James Park, the reinsurer's chief executive for Singapore and South-East Asia, warns on unmodelled risks.
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- November 11 2021
Crawford appoints Asia head of loss adjusting
The Singapore-based Myles Dytor joins from AIG where he focused on energy and construction.
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- November 9 2021
Tower appoints QBE exec as chief claims officer
Steve Wilson is leaving the Australian firm after over five years and joining the New Zealand insurer in January.
