Subject: Risk Page 9 / 25
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- January 31 2023
Asia trade credit market hardens, prepares for insolvencies
Higher demand and prices are helping insurers buffeted by supply chain disruptions, economic headwinds and less government support.
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- January 26 2023
Opinion: Australia’s (re)insurers are testing the limits of climate change
As the outlook worsens, the sustainability of the market picking up most of the risks might be called into question.
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- January 25 2023
US$10.5m estimated air crash loss raises concerns over Nepal’s aviation sector
IAN understands that Nepali insurers usually only take up 3% of the ratio of the loss payout.
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- January 25 2023
Aon implements OED standard for property reinsurance risk modelling
Initial testing on reinsurance placement data for Japan, Australia and China has proved highly successful.
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- January 20 2023
IRDAI’s solvency exemption for United India bonds could trigger more redemptions
The regulator has allowed the insurer to exercise a call option despite not meeting the minimum solvency ratio.
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- January 18 2023
Net-zero alliance goes soft on emerging markets
The first protocol transitions from commitments to implementation, but excludes many classes, including all lines of treaty, from its scope.
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- January 12 2023
RACQ demands bigger share of the disaster fund for Queensland
The US$138m government fund, available from the next financial year, will be used to prepare for nat cat events.
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- January 12 2023
Adapting to a new risk environment key in a post-Covid world: AFF
QBE's Lei Yu, Aon's Paul Young and Prudential's James Turner discuss Hong Kong's reopening, talent and ESG.
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- December 21 2022
Australian carriers seek cyclone pool clarity
The scheme's failure to take off risks worsening affordability of property cover in northern Australia, finds competition regulator.
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- December 11 2022
RACQ exploring ‘long-term partnerships in reinsurance’
The club declined comment on reports of plans to sell its flood-hit insurance business.
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- November 28 2022
AIG appoints Lily Claydon as APAC chief risk officer
Claydon joins the insurer in Singapore after serving as head of risk management at bolttech.
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- November 18 2022
Australian ransomware payment ban offers relief to hardening cyber market
A series of high-profile cyber attacks on major institutions to likely cause a surge in H2 loss ratios for cyber programmes.
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- November 17 2022
WTW aids Indonesia with low carbon transition
A new sovereign risk management programme has been designed to help the world’s largest thermal coal exporter.
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- November 11 2022
Ransomware group targets IRDAI: report
The Indian Computer Emergency Response Team is understood to have been alerted.
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- November 11 2022
FTX collapse puts the focus on crypto insurance
Hong Kong could lead the way for much-needed regulation of the digital asset space.
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- November 9 2022
FM Global opens US$57m Singapore risk management centre
The facility in the Singapore Science Park will also house the insurer's Asia head office.
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- October 27 2022
Policy wording failure key reason for Covid BI exposure: APRA
Insurers dithered because of a perceived “first-mover'' disadvantage of losing business if policies were adjusted to reflect Quarantine Act changes.
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- October 26 2022
Australia formalises US$630m special disaster fund
The Labor government’s first budget announced additional measures to strengthen insurance framework.
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- September 28 2022
Insurers shying away from writing new China, Taiwan policies: report
Risk managers are worried a sanctions war between the US and China may restrict capital flow.
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- September 21 2022
Asia may ‘finally pull its weight’ on terrorism cover
The market is on the cusp of change with rates set to harden as global firms pay more attention to the risk.
