News

New guidelines set out for Chinese cybersecurity insurance

Insurance companies will be incentivized to offer diverse cybersecurity insurance services.

Major floods drive Australia's iinsured losses to $7.17b in 2022

The council will review insurers’ flood response during the period.

Korea eases rules on overseas ownership; insurers can acquire banks

Insurers can invest in foreign financial and non-financial companies within regulatory boundaries.

Gallagher names new SVP for multinational APAC practice group

Victoria Ma has joined Gallagher and was previously with Coface.

WTW introduces insurance solution to protect Sri Lankan aqua farm

This is Asia’s first 4-peril parametric insurance.

Indian authorities urge insurers to mobilise resources due to floods

Recent floods are expected to drive property loss and infrastructure costs.

Allianz Trade selects new Asia head of surety and guarantees

Chris Markesteijn is the new Regional Head of Surety and Guarantees beginning 1 August.

Tokio Marine & Nichido Fire Insurance face natural catastrophe risks: Moody’s

The insurer is expected to maintain its strong capitalisation and market position.

PH’s COVID-19 claims plummet in H2 2022

Insurance claims related to COVID-19 amounted to P1.53b ($-).

Omnichannel models outperform lead-to-sales conversion rates fourfold

Only 1 in 8 want a fully digital journey, but 7 in 10 want part of their insurance journey to be digital.

QBE selects Peter Wilson as non-executive director

The appointment is subject to regulatory approvals and is expected to be effective from 1 September.

AAGIL portfolio transfer to Allianz kicks off in September

AAGIL plans to transfer its general insurance portfolio to Allianz.

Zurich APAC launches Zurich Edge for digitally embedded insurance

The initiative is aimed at delivering digitally embedded insurance solutions across all Asian markets.