Insurance
IG's reinsurance to buffer Baltimore bridge loss
IG's reinsurance to buffer Baltimore bridge loss
The Singapore-based vessel, Dali, is insured by Grace Ocean.
Taiwan's non-life insurers unlikely to see big quake claims – AM Best
Some insurers could benefit from robust parental financial support, as mandated by regulations.
Sompo Singapore to bolster regional strategy – S&P Global
The company is unlikely to be divested by the group, says S&P Global.
GAIP details transformation in risk management towards net-zero
Asia experienced 81 climate-change related hazard events in 2022 alone.
IDF rolls out plan for resilient infrastructure
Its mission is to utilise insurance and risk management capabilities for climate resilience.
Vietnam to shift to cashless payments for pension, social insurance benefits
The shift to a cashless method will affect over 3.3m beneficiaries.
FSC announces enhanced MyData 2.0 in financial services
Amongst the improvements to be implemented is expanding MyData’s access to the digitally vulnerable.
China’s major disease insurance benefit over 11m in 2023
The program aims to lessen the burden of medical expenses for its beneficiaries.
Chubb and M1 introduce travel insurance benefit for mobile roamers
New subscribers can enrol for free six-month overseas protection from Chubb.
Conduct risk puts 54% of insurance CROs on high alert
38% of APAC insurers are implementing AI tools, higher than the global average of 22%.
Wotton + Kearney eyes Singapore for regional office
The Singapore practice will be led by Ben Nicholson.
9 in 10 ‘pawrents’ don’t have insurance for their pets – Prudential
Prudential policyholders are mainly concerned about timely emergency treatments and affordability.
Asteron's sale to Resolution Life signals support shift
Despite Asteron's sale, Suncorp's core operating subsidiaries remain unaffected.
Callable notes to enhance Great Eastern Life’s financial resilience
S&P Global sees the proposed notes as having intermediate equity content.
1 in 5 Australians don't have adequate insurance
About 9% indicated a need for health insurance.
Unethical conduct results in harsh HKIA ban
The agent was found pocketing a policyholder’s deposits, causing a policy relapse.
CMB Wing Lung gains support from China Merchants Group
AM Best sees its balance sheet boosted by strong risk-adjusted capitalisation.
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