S&P affirms “stable” outlook on Allianz Fire and Marine Insurance Japan
July 3 2024 by InsuranceAsia News
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Korea’s lithium fire sparks calls for global safety standards
- July 16
Underwriting guidelines must consider various factors to price battery risks, including the quality of manufacture, testing and certification, and the separation and containment of units, especially in light of the Aricell factory fire.
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Korean battery plant fire claims likely to leave reinsurers unscathed
- June 27
The primary insurers, KB Insurance and DB Insurance, are expected to retain the losses from the blaze at the Aricell unit as property and liability claims are expected to be relatively low, InsuranceAsia News understands.
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New Zealand to expand scope of fire insurance levies to aviation, forestry from 2026
- May 21
Fire and Emergency New Zealand will also increase transitional levies on fire insurance by 12.8% from July 1 this year.
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ICA says additional US$92m funding for Australia disaster resilience falls short of needs
- May 15
The (re)insurance industry body has welcomed the Australian government's additional disaster support funding outlined in the 2024-25 federal budget.
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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.
