Industry Segments: Risk Page 22 / 23
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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.
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- May 18 2015
India’s nuclear insurance initiative attracts foreign firms
Overseas firms showing interest to being part of the initiative.
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- May 14 2015
Economic development and new risks, raise need for protection in SE Asia
Demand for protection expected to rise as more nations sought to protect their assets and wealth.
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- May 14 2015
1 in 4 customers in India unlikely to renew with same provider
Up to 60% insurance customers are truly loyal to their insurance providers, according to report.
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- May 9 2015
Economic cost of Nepal earthquake could reach US$5bn – Aon
More than 700,000 homes, buildings and historical sites were damaged or destroyed.
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- April 29 2015
Financial strength ratings of 9 Japanese insurers downgraded
Fitch Ratings stressed that an upgrade of any of the insurers was unlikely in the near future.
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- April 29 2015
Global experts to discuss disaster insurance coverage
APEC meeting also looks at strategies to widen the penetration of micro-insurance products.
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- April 29 2015
Cyber risk a rising concern globally, but not in Asia
Asia ranks just 24th in the Aon Global Risk Management Survey.
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- April 28 2015
Asian insurers moving towards Solvency II standards
Report also states that global insurers are facing increased regulatory requirements.
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- April 27 2015
Philippine nonlife insurance industry’s net income rises in 2014
A decline in frequency and severity of natural calamities attributed.
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- April 27 2015
India’s largest reinsurer assessing earthquake losses in Nepal
GIC Re sends a team of 10 surveyors to Nepal.
