New Zealand to expand scope of fire insurance levies to aviation, forestry from 2026
May 21 2024 by Mithun Varkey
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South Korean government pushes ahead with EV battery certification scheme: report
- August 26
Set to launch in October, the certification scheme seeks to alleviate growing public concerns about lethal fires caused by EV lithium batteries, as insurers are reviewing their existing motor policies to gauge the potential losses in their books.
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Korea may ask EV makers to declare battery suppliers as car fire claims pile up: report
- August 12
Insurers have received 600 motor claims from a fire sparked by a Mercedes EV on August 1, forcing the government to consider regulatory changes including battery reliability certification.
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Japanese insurers to raise fire insurance premiums from October: report
- August 8
The big four plans to corporate premiums by up to 15% because of deteriorating profitability in their fire insurance line.
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GIAJ calls for revision of reserve rates for fire insurance policies
- July 16
A review of catastrophe contingency reserve system is critical in light of rising nat cats losses, the industry body says.
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Peak Re | Emerging Asia middle class: A catalyst for change
Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
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Rimkus, CCi, and Hargreaves Jones set for continued global growth under one brand
A series of successful acquisitions has extended Rimkus’ services and expanded its global footprint.
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Aviva Investors | Liquidity optimisation for insurers: Building a bespoke portfolio solution
In this in-depth case study, we look at how bespoke liquidity portfolios that take into account the interplay between different assets can suit the needs of insurers.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
