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- August 31 2023
Hong Kong P&C overall underwriting profits dive 43% in H1 2023
Direct insurance business saw a 60% decline in underwriting results, while reinsurance inward business saw a 2.5% decline year-on-year.
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- May 31 2023
Hong Kong P&C underwriting profit tumbles 52% in Q1 2023: HKIA
General insurance gross premiums grew 7% year-on-year driven by a 12.7% growth in reinsurance business.
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- April 24 2023
Australia’s Optus hit with class action over cybersecurity breach
The Singapore-owned telecoms giant said it is reviewing the court documents with its lawyers and will vigorously defend the proceedings.
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- November 14 2022
Data shortfalls could harm Asian cedents during renewals
An increase in nat cats means that data pooling and quality is set to become important during negotiations.
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- November 10 2022
China policy push spurs demand for cyber cover
A data privacy law and a new draft cybersecurity insurance framework should help the domestic market.
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- July 26 2022
Inflation fears fuel interest in digital analytics for pricing
AGCS and other insurers in Asia are turning to digital tools to improve methodologies in turbulent times.
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- June 23 2022
Insurers seek profit and scale in lower-premium products
Capturing data is key to breaking Asia’s under-insurance cycle.
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- June 7 2022
Gallagher Re strengthens APAC with raft of senior hires
The wider Asia Pacific region continues to be a significant growth area for the global broker.
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- May 23 2022
Asian firms reach for cyber analytics tools as hard market makes cover more costly
With rising rates optimising insurance cover is essential.
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- May 20 2022
Beijing Nova Insurance signs deal with Towngas
The firm is an associate of Hong Kong broker Nova Insurance.
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- April 27 2022
Singapore regulator calls on (re)insurers to improve BI policies
Director Gillian Tan believes insurers are well-placed to improve cover, but data is key.
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- March 15 2022
Senior China official calls for insurers to issue ILS in HK: report
Samuel Yung suggests the SAR and GBA develop a climate and disaster data sharing framework.
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- March 10 2022
Electric car insurance: profitability concerns persist
As a new dawn greets Asia’s motor industry, a dearth of data presents underwriting challenges.
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- March 9 2022
India privacy law to hit cyber, D&O policies
The need to comply with new rules will increase company exposure to data breaches.
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- February 1 2022
New Aussie reporting rules may challenge cyber insurance
Insurers will have to split out their cyber data as part of IFRS 17 reforms – but this may not be so easy.
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- January 12 2022
The pandemic accelerated a digital ‘structural shift’: AFF
There is more work to do to utilise data for product design and claims, according to experts at the Asian Financial Forum.
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- November 30 2021
PIC 2021: Digital insurance faces data privacy challenge
Panel told that travel and motor lines may be more open to the use of personal data than the L&H markets.
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- November 23 2021
Asia’s reinsurance brokers in data, analytics push
The region’s P&C insurers are demanding better and faster information to help hedge their growing, ever more complex risks.
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- November 18 2021
SIRC 2021: Improved data opens door for better products
Aon, Swiss Re and Perils experts say past data sets need to be combined with new risk models.
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- November 16 2021
SIRC 2021: Break siloes to harness Asia cat data
As the volume of data rises, experts say overcoming internal company challenges will be the key to effective usage.
