Philippine broker premiums hit US$1.44bn in 2020
December 31 2021 by Karen Lai
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Hong Kong’s curtailed Super Typhoon Ragasa economic losses under US$400m: report
- September 29
Claims mainly from wind and flooding, with water damage across all affected territories, David Seng, technical and strategic projects director at Sedgwick in Asia also tells InsuranceAsia News.
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World Bank to back 5-year climate shield for Philippines agriculture
- September 9
US$70 million initiative will create a co-insurance pool that offer protection from escalating climate-related risks.
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Philippines’ Q2 insurance penetration hits 1.79% as non-life premiums surge 20%
- August 19
The Insurance Commission credited the improvement to faster premium growth, with the non-life NWP for the first half of the year reaching US$694m.
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Filipino carriers FPG Insurance and Mercantile Insurance to merge
- August 18
Combined entity, FPG Mercantile, expects to become a top-four player in the Philippine non-life market, with US$175 million in GWP.
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Peak Re | From climate modelling to market opportunity: Forging a new clarity on Southeast Asia’s climate risk
Southeast Asia's protection gap: a crisis of clarity, not just capital
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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.
