Subject: Claims Page 33 / 52
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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.
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- October 21 2021
New South Wales hailstorm triggers 2,000 claims: ICA
Losses are expected to run into the tens of millions of dollars.
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- October 8 2021
Insurers win landmark Australia BI Covid case
The closely watched trial examined issues such as disease definition, outbreak proximity and the impact of government lockdowns.
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- October 7 2021
Victoria earthquake claims rise to A$147m: ICA
9,850 claims have been lodged to date with insurers so far.
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- October 7 2021
Australia’s nat cat costs on upward trajectory
Natural disasters cost Australia around A$38bn per year but this figure is set to rise significantly.
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- October 4 2021
RGA’s premium growth gets Asia boost: AM Best
Higher mortality rates due to Covid-19 have put the global life reinsurer under pressure over the last 18 months.
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- September 24 2021
New Zealand insurers profitable despite nat cats
Report shows wildfires have also contributed to major claims along with heavy rainfall.
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- September 16 2021
Asia medical malpractice, clinical trials cover primed to grow
Newline Asia experts tell Lloyd's webinar that some claims costs are up 62% over the last nine years.
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- September 15 2021
February’s Fukishima earthquake claims rise to US$1.88bn: GIAJ
The industry association says the event has resulted in over 213,000 claims so far and has cost insurers nearly US$2bn.
