Pacific Islands captive PCRIC’s FY2023 net underwriting profit down 5%
July 8 2024 by Georgina Lee
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Asian Development Bank, UN collaborate to launch climate insurance solutions for Fijian small businesses
- August 19
Initiative is supported by US$950,000 in technical assistance from the Asia-Pacific Climate Finance Fund.
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Tonga renews US$17m multi-peril cover with PCRIC
- July 18
Renewed policy is expected to provide coverage for tropical cyclones, earthquakes, tsunamis, and droughts, and will have a US$1m premium contribution from the Tongan government.
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Kiwi insurer Tower confirms Paul Johnston as CEO
- June 11
Johnston, who has been interim CEO since February, will start in the new role from Wednesday.
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PCRIC makes US$45,000 parametric payout on coral reef cover in Cyclone Rae aftermath
- March 11
Payment to an NGO in Fiji will be used for reef clean-up and restoration activities and community livelihood support hit by the tropical cyclone.
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Peak Re | From climate modelling to market opportunity: forging a new clarity on Southeast Asia’s climate risk
With the insurance industry facing an inflection point, the new imperative is seen as becoming active creators of risk intelligence.
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BHSI WICare+ | Accelerating Payments, Empowering Recovery
Launched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
