Subject: Claims Page 30 / 49
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- December 22 2021
NZ extreme weather claims hit record high
Insurers have paid out US$206m in 2021 so far with home and contents accounting for around two-thirds of the total.
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- December 21 2021
Philippine regulator urges insurers to fast-track Typhoon Rai claims
Insurance Commission head Dennis Funa says there has been widespread damage from landslides and flooding.
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- December 16 2021
Japan summer rainfall claims surpass US$400m: GIAJ
A previous estimate in September was around US$300m lower than the latest figure.
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- December 14 2021
Swiss Re’s Victor Kuk on partnerships, claims and automation
The head of P&C reinsurance for South-East Asia, India, Hong Kong, Taiwan and South Korea, looks ahead to 2022.
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- December 13 2021
Late October Australia storm cost insurers US$740m: Perils
For the state of South Australia the event could be one of the costliest natural catastrophes ever.
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- December 10 2021
New Zealand’s July storm bill hits US$96m: ICNZ
The association said this figure is a 15% increase from its previous report in September.
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- December 2 2021
Cyclone claims to rise unless house designs improve: ICA
New report says construction methods need updating amid an evolving climate change threat.
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- December 2 2021
McLarens expands Asia team with senior appointments
The loss adjuster appoints Kevin Yu and Yee-Su Tsai to lead operations in China and Taiwan.
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- December 1 2021
Australia ups state flood mitigation funding by US$35m
Applications opened this week to access money from the country's National Flood Mitigation Infrastructure Program.
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- November 25 2021
New Zealand’s Tower sees net profit climb 72% in FY2021
The frequency of large house claims, predominantly driven by fires, continued to increase in the second half of the year.
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- November 18 2021
KB Insurance’s underwriting boosted by fewer claims: AM Best
The firm is South Korea’s fourth-largest non-life insurer with a market share of around 13%.
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- November 15 2021
Munich Re’s Park on climate risks, underwriting and transformation
James Park, the reinsurer's chief executive for Singapore and South-East Asia, warns on unmodelled risks.
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- November 11 2021
Crawford appoints Asia head of loss adjusting
The Singapore-based Myles Dytor joins from AIG where he focused on energy and construction.
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- November 9 2021
Tower appoints QBE exec as chief claims officer
Steve Wilson is leaving the Australian firm after over five years and joining the New Zealand insurer in January.
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- November 9 2021
IAG, Suncorp recalibrate cat claims after October hailstorms
Hannover Re's Australia head Michael Eberhardt tells IAN the revisions have come "very early" in the year.
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- November 2 2021
IAG raises FY 2022 nat cat claims estimate to near US$750m
The Australian insurer says its claims experience has been 'seasonally unexpected' amid recent severe storm and hail activity.
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- November 1 2021
Charles Taylor inks agreement with Philippines loss adjuster
The newly agreed partnership with Senon Insurance Adjusters will expand the global player's regional presence.
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- October 29 2021
ICA declares catastrophe as South Australia hit by severe storms
Over 12,000 claims have already been filed with the number expected to rise and "substantial" crop losses expected.
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- October 27 2021
Suncorp sees up to US$370m nat cat claims in four months
The P&C player's full year natural hazard allowance is A$980m.
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- October 21 2021
Australia’s Covid BI appeals set for November
Policyholders have filed appeals on five of the 10 test matters before a federal court.
