NZ fire levy increase revised downwards amid funding review
September 20 2024 by Heather Ng
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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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PineBridge Investments | Why Asian insurers are exploring private credit and CLOs
The recent rollout of risk-based capital regimes across Asia calls for a closer alignment between insurers’ assets and liabilities. We explore potential ways to maintain a healthy investment yield and robust returns on regulatory capital.
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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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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.
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CCi | LEG3/06: A delay analyst’s perspective on defect exclusions
Tackling contentious issues by applying the learning from the industry’s collective experience is key to improving the claims experience, writes CCi’s Steven Horne.
