Industry Segments: Risk Page 22 / 23
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- June 30 2015
Peak Re appoints chief risk officer
The appointment signifies a move to strengthen corporate risk management amid rising international standards and requirements.
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- June 29 2015
Willis names Southeast Asia CEO
Simon Weaver appointed to the newly created role of regional CEO for SE Asia and CEO for Singapore.
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- June 26 2015
Global insurance industry gained momentum in 2014
Insurance premiums last year gained 3.7% to US$4.8tr.
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- June 22 2015
Air India seeks insurers for US$9bn insurance cover
State-owned and private insurance companies are expected to join in the aggressive bidding.
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- June 22 2015
UN chief urges insurance industry to ease disaster-related financial burden
Industry must play a strong leadership role in UN initiatives, says Ban Ki-moon.
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- June 19 2015
ACE establishes Asia Pacific bespoke unit
The centralised unit expects to conduct itself across 12 countries in the region.
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- June 17 2015
South Korea offers MERS insurance for visitors
Free coverage aimed at relieving concerns over the MERS outbreak in Korea.
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- June 16 2015
Marsh contributes US$93m to India’s nuclear insurance pool
Risk manager bridges funding gap, according to reports.
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- June 8 2015
Five Asia Pacific countries have high terrorism risk – Aon
Indonesia, Thailand, Myanmar, Philippines and North Korea remain as high risk countries.
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- June 4 2015
Peak Re to partner with Shanghai Typhoon Institute
Collaboration for forecasting on China typhoon activities announced.
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- June 2 2015
Australia’s April and May storm claims hit US$1.55bn
Over US$3.45bn worth of claims related to catastrophes handled since November 2014.
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- June 1 2015
China’s corporate insolvency forecast to rise this year
Atradius, Euler Hermes and Coface all issue reports predicting an increase for mainland China insolvency.
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- June 1 2015
Global insurance fraud further aggravated by technology
Insurers and takaful operators posted an estimated loss of MYR760m (US$207m) in 2013.
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- June 1 2015
Japan’s nonlife insurers plan hike in auto insurance premiums
Growing number of accidents in Okinawa and the rise in vehicle damage caused by typhoons among the factors.
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- June 1 2015
Insurance penetration in the Philippines at 1.2%
Findings taken from a survey commissioned by Sun Life of Canada (Philippines).
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- May 28 2015
Tokio Marine Kiln names trade and political risks underwriter in Singapore
Edmund Lee will focus on underwriting specialist credit, trade, surety and political risk products across Asia.
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- May 28 2015
India’s nuclear insurance pool may be launched this year
Indian government expected to put in some resources.
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- May 20 2015
High capital requirement awaits regional insurers in India
Draft amendment requires all new entrants to maintain a minimum capital of INR1bn (US$15.7m).
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- May 19 2015
Asia-Pacific SMEs more vulnerable to natural disasters
SMEs in the APEC region usually have no or limited disaster insurance and limited access to credit.
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- May 19 2015
Insurance industry ready to adopt tougher global rules
Reducing compliance costs and maintaining capital efficiency sought by The Geneva Association.
