Subject: Claims Page 28 / 49
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- March 23 2022
Insurers see large rise in Asia marine cyber GWP
But as loss ratios and prices increase, retaining momentum in the sector may not be so easy.
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- March 22 2022
Bridging Asia’s environmental liability insurance gap
Tightening regulations and heightened awareness are driving demand in a complex risk environment.
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- March 18 2022
New Zealand introduces nat cat Bill for disaster response
The move helps clarify the current Earthquake Commission Act and takes lessons from 2010-11.
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- March 17 2022
Suncorp sees 34,000 flood claims, ups nat cat allowance
The group is forecasting a net retained loss of US$54m as it seeks recoveries from reinsurance.
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- March 16 2022
Claims dent profits at HK insurers
Axa retained its crown as the city’s biggest general insurer, but the market saw profits fall 19%.
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- March 16 2022
Evergreen container ship runs aground, insured loss remains unknown
One year after a sister ship was stuck in the Suez Canal, the Ever Forward is stranded near Maryland.
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- March 14 2022
GWP jumps 2.6% for Hong Kong’s GI sector: HKIA
Premiums for the industry as a whole decreased by 0.9% due to performance of long-term business.
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- March 14 2022
Flood claims hit US$1.5bn: ICA
Over 135,000 claims have been received from south-east Queensland and New South Wales.
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- March 10 2022
IAG ups FY nat cat estimate to US$800m
The group has received 24,000 recent flood claims and says that it has 'all hands on deck'.
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- March 9 2022
Flood claims estimate tops US$1bn: ICA
The ICA is working with authorities to expedite visas for recovery personnel deployed overseas.
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- March 7 2022
Insurers continue to count cost of Australia’s floods
Filed claims now at more than 86,700, according to March 7 data from the ICA.
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- March 4 2022
Flood claims in Queensland, NSW above US$650m: ICA
Over 60,000 claims have already been filed as the emergency continues.
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- March 3 2022
Reinsurers on alert as Australia flood claims projected to top US$1.45bn
The Queensland and NSW floods could become one of the costliest nat cats in the country's history.
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- March 3 2022
Philippine Covid claims reach US$324.5m: report
Covid payouts more than tripled in 2021 than in 2020.
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- March 2 2022
Claims top 30,000 as Australia floods worsen
NSW premier described the extreme weather as a 'one-in-a-1,000' year event.
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- March 1 2022
Australian market counts cost of ‘unprecedented’ flooding
Parts of Queensland and NSW impacted, with Suncorp reporting US$54m of claims already.
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- February 22 2022
Australia court verdict brings clarity to BI claims saga
The ICA said it had been a "long but necessary process" that will provide guidance on how policy wordings are to be interpreted.
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- February 21 2022
Latest Australia Covid-19 BI court decision favours insurers
Justice Mark Moshinsky has largely upheld the original second test case decision in October.
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- February 21 2022
Tune Protect: Asean on the ‘cusp’ of a digital revolution
With less than 2% digital penetration in Asean, motor and healthcare are ripe for disruption.
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- February 18 2022
QBE’s profit surges despite 23% nat cat claims rise
Group profit increased to US$750m in FY2021, following significant losses in 2020.
