News

No insurance payout for Hong Kong’s controversial Jumbo Floating Restaurant

The vessel reportedly capsized near the Paracel Islands in the South China Sea.

Climate risk is burning billions and Asia remains vulnerable

In 2021, the largest recorded natural disaster in the region cost over $2b.

Everest Insurance gets regulator nod for Singapore entity

This marks the global insurer's official entrance to the Asian market.

India’s recently cancelled cricket match triggers $5.75m in insurance claims

The cancellation of the recent match triggered several claims.

Taiwan’s COVID-19 insurance policy complaints surges 

Complaints is now 25 times higher than last year.

Allianz Malaysia names new chairman

The new chairman was the former CEO of Allianz General Malaysia.

$3.37b losses in Eastern Australia floods to challenge insurers

The initial assessment of losses was $2.75b in April.

Insurers can halve emissions by 2030: UN official

The UN assistant secretary-general for climate action has three asks for the industry.

WTW appoints new Thailand country head

The current head will now be in charge of Vietnam.

Hong Kong insurance regulator bans broker over hiding of payment mistake

The broker then tried to shift the blame to his client.

Open Insurance launches partnership with New Zealand telco

The partnership aims to bundle power, mobile, and insurance in one.

Information technology could bolster insurance industry growth: Indonesian regulator

The industry has grown by 8.67% annually for the past five years.

India could soon allow customers to take out loans to buy insurance

The regulator is currently studying a proposal for premium financing.

OneDegree expands home cover to include LGBTQ+ families

The cover was soft-launched in March, and relaunched to extend coverage.

Kyobo Life to issue $500m hybrid bonds

The 30-year bonds will all be sold to offshore investors.