Industry Segments: Risk Page 22 / 23
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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.
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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.
