Typhoon Noru rips through South-East Asia as it moves to Thailand via Laos
September 28 2022 by InsuranceAsia News Staff-
Hannover Re’s APAC FY 2023 revenue stays flat at US$2.25bn
- March 19
While it has scaled back its business in select markets such as China, certain South-East Asian markets and South Korea to increase the profitability of its portfolio, it has grown its revenues in markets like India and Australia.
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ASIC urges insurers to improve claims handling as severe weather events increase
- March 6
In a letter directed to general insurers, the Australian corporate regulator said events such as cyclone Jasper, and Christmas and New Year storms have highlighted their licence obligations to process claims fairly and in a timely fashion.
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China Re, PICC team up to form rule-setting body for typhoon, flood risks: report
- March 6
The state-backed working group seeks to build a risk assessment platform to offer tailored insurance coverage for the two perils.
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Insured losses from Australia summer cat events reach US$1bn: ICA
- March 4
While damage from both Jasper and the Christmas and New Year storms was widespread across three states – Queensland, New South Wales and Victoria - the average claim cost was under A$10,000, lower than from similar events.