Industry Segments: Claims Page 30 / 41
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- September 1 2020
Australia Bushfire Commission: “Tough reality ahead” for market
More extreme summers and large losses are in store for (re)insurers.
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- August 27 2020
Korea’s market bracing for damage from Typhoon Bavi
Some significant property claims are expected from the storm.
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- August 26 2020
Motor claims drop in Japan and Korea amid lacklustre growth
There are mixed fortunes for P&C players operating in the two countries.
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- August 25 2020
Digital sales buoy China’s P&C market
As the regulator makes more reforms, GWP rose more than 7% in the first half despite lockdown.
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- August 24 2020
Navigating marine risks after Mauritius’ oil spill
The market has faced sustained challenges for years with rising losses and busier seas.
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- August 17 2020
Sedgwick selects Chubb’s ex-APAC claims chief as Asia COO
Ben Chin is replacing Wayne Cheng who has decided to retire.
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- August 14 2020
South Korea’s P&C players hit by US$40m rain losses
The longest monsoon in the country since 2013 has flooded thousands of vehicles and homes.
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- August 14 2020
ICA launches Covid-19 BI test case with Hollard and HDI
The firms have offered their claims to form the basis of the Covid-19 test case.
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- August 13 2020
AIG, GIC Re on hook for Air India’s US$50m crash payout
The hull claim has been approved for the Boeing 737 that crashed last weekend at an Indian airport.
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- August 12 2020
Global cat insured losses at US$31bn in H1: Swiss Re
The figure is up from last year but below the recent average of US$36bn.
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- August 12 2020
Japan P&I “investigating” Mauritius oil spill: report
There has been damage to the ship and environmental contamination.
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- August 11 2020
Beirut’s hull, cargo and port losses within US$250m: GC
Guy Carpenter's initial analysis suggests there will be an impact on the global market.
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- August 7 2020
Asia monsoon season leads to US$20bn economic losses: Aon
There have been over US$750m of insured losses in China alone.
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- August 6 2020
New Zealand February flood payouts rise: ICNZ
The claims total is at least US$20m - not including public infrastructure.
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- August 5 2020
IAG has settled 12,400 summer bushfire claims
The Aussie major has been hit hard by nat cat costs and Covid-19.
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- August 5 2020
Japan’s P&C majors seek up to 10% premium hike: report
After several years of severe flooding, premiums will rise for high risk flood areas.
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- July 28 2020
Ethiopian Airlines fire in Shanghai is potential US$190m loss
Last year's crash involving the same airline inflicted US$450m of damage for insurers.
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- July 24 2020
Asia racks up H1 US$31bn nat cat bill: Aon
Cyclone Amphan and China's ongoing floods top loss list but much of the damage isn't insured.
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- July 22 2020
Perils counts rising cost of Australia’s January hailstorms
Claims have increased to US$1.28bn according to the latest data.
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- July 15 2020
Japan flood losses to reach “hundreds of millions”: report
Aon says insurers are expecting at least thousands of claims.
