Subject: Risk Page 22 / 25
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- September 14 2015
Indonesian insurers warned about economic outlook
Several insurance firms need close scrutiny in the face of the economic slowdown, says financial regulator.
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- September 11 2015
Reinsurance prices likely to drop in 2016, says Moody’s
Rates are forecast to fall by up to 10% in 2016, but the decline will be less than in the past few years.
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- September 9 2015
Tianjin’s insurance losses could reach US$3.3bn
The accident is likely to constitute one of the largest insured man-made losses to date in Asia.
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- September 4 2015
Asia is home to the world’s riskiest cities
The region's cities face diverse threats, ranging from storms and earthquakes to market crashes and pandemics.
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- September 2 2015
Tianjin blasts will not affect profit, say Chinese insurers
PICC and CPIC say the effect of the accident will be minimal due to reinsurance.
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- September 1 2015
Thailand to revive travel insurance for visitors
The tourism ministry is considering the proposal following the recent bomb attack.
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- September 1 2015
Macau casinos take out kidnap insurance to protect patrons
Alarmed by the rise in hostage-taking, casinos are turning to specialist insurance.
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- August 31 2015
AmCham urges China to open insurance sector
China's insurance industry lacks the experience of foreign insurers, says the US business group.
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- August 28 2015
Pakistan raises insurance capital requirements
Regulators have increased the minimum paid-up capital requirement for insurers by US$1.9million.
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- August 25 2015
Tianjin blast losses still difficult to estimate, says AM Best
Despite publicised estimates, residents within 3km of the blast site are yet to be assessed.
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- August 20 2015
Tianjin blast losses could be higher than estimates
Fitch says insurance losses from explosion could be more than US$1.5bn.
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- August 14 2015
Willis acquires Taiwan’s Elite Risk Services
Willis has paid an undisclosed sum for the Taiwanese specialist broker, doubling its presence in the country.
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- August 14 2015
Asean integration to benefit insurers says S&P
A report released by the ratings agency gives an upbeat take on Asean opportunities for insurers.
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- August 6 2015
Maritime insurance costs up $3.2bn as piracy rises
Attacks by pirates on commercial shipping in South-East Asia rose to a 12-year high in the first half of this year.
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- August 3 2015
Less than 20% of large firms globally have cyber insurance
Cyber market however, forecast to hit US$10bn by 2020 as more companies look to transfer cyber risks to insurance providers.
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- July 28 2015
Lloyd’s forms consortium to expand in Asia
Consortium to cover commercial light and moderate industrial property risks in the region.
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- July 23 2015
Insurance industry warns of effects of global tax reform
IUA warns regulators that complexity and an undue compliance burden will discourage investment.
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- July 20 2015
Typhoon Chan-hom claims predicted at US$350m
Insured losses are unlikely to exceed US$354.3m, according to AIR Worldwide's catastrophe risk modelling.
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- July 16 2015
Climate models predict fewer typhoons for 2015
El Nino conditions in the Pacific are predicted to reduce the number of tropical cyclones in Asia this year.
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- July 16 2015
Insurers cite regulation as top industry risk
Heavy-handed regulators are the top concern among insurers around the world, followed by fears over the broader economic outlook.
