Asia-Pacific. This website is intended to provide general information, news summary and share author's personal views only and should not be taken as a base for a financial advise. AIA sees 2021 momentum after challenging year, Japan earthquake protection gap remains high: Swiss Re, Hannover Re Asia GWP grows 24% to US$2.5bn, Opinion: Asia’s growing cities alter risk landscape, APRA: No tolerance for further Allianz Australia shortcomings, APAC regulators’ climate efforts lag behind Europe: Moody’s, Korea’s Shinhan raising funds for potential P&C buy: report, TAL Dai-ichi Life hires bankers for Westpac Life buy: report, PSC eyes acquisition spree following UK, HK deals, China’s digital dividend doesn’t come cheap, Asia’s aviation market set to harden further, Australia brokers’ strong results belie Aon/WTW concerns, Hong Kong captive market to step up in 2021, Hong Kong’s marine sector looks to escape doldrums, AUB refocuses as competition heats up down under, Munich Re appoints Scott Hawkins to lead Australasia, Cramér Manhem to oversee SiriusPoint’s Asia operation, Terence Chen resigns from Asia-Pacific P&C Insurance: sources, New Zealand MGA Delta appoints Kent Chaplin as COO. The former P&C head replaces Jarrod Hill and will oversee 800 employees across seven branches. In Asia, the insurance industry is all about an inclusive growth mind-set, customer relevance and speed. Asia Insurance Review contact details, Twitter, news, reports and events. of Asia, Reinsurance Directory BMS builds Asia operations with senior appointment BMS Group, the independent specialist (re)insurance broker, today announces the appointment of Sandra Lee as the head of BMS’s operations in Asia, subject to regulatory approvals. Universal Life Insurance Regulatory Changes China February 2015. Home. To view the full article or to get unlimited access to all IAN content and archives of over 5,000+ articles, 716, 7F, 50 Bonham Strand, Sheung Wan, Hong Kong. Please call 023 888 156 email: [email protected] Insurer and regulator agree to finalise a risk and compliance transition plan by March 19. Dedicated online P&C insurers such as TK.CN, Anxin and E An have struggled to make profits. insurance industry - the Asia Pacific Insurance Tax News. Insurance company's systems hit by cyber breach. The country's general insurance market has also drawn interest from leading digital platforms like Kakao and Naver, Jarrod Hill to join IAG amid management reshuffle. Associated Press. Insurance markets continue to grow at trend due to very strong demand in emerging Asia, particularly China; non-life and life premiums will increase by around 3% in 2020 and 2021 SRI forecasts slowdown in US economic growth to 1.6% in 2020, and 0.9% in the euro area, both below consensus 08/01/2019. 9 Mar 2021. Company founder and CEO Wei Zhu tells IAN the cloud-based micro-insurer is eyeing an acquisition in one of its existing markets. A year on, WHO still struggling to manage pandemic response. Insurance News in Asia, Insurance Industry Updates: China, Singapore, Indonesia, India Thursday, February 26, 2015. ... Chubb expands Transactional Risk Insurance capabilities in Asia Pacific. The platform, which makes insurance purchase easier and more accessible, announced a successful seed funding round from Vynn Capital and Temokin Digital insurance player Ouch! Marine Freight Insurance is a protection along the transport chain. Share on Facebook (opens new window) Share on LinkedIn (opens new window) Share on Twitter (opens new window) Auto insurance is becoming a lot easier and quicker – with the help of artificial intelligence and smartphones. Chubb appoints Eric Kwan as Division Head of Property & Casualty in Singapore . Asia Insurance has 3,719 competitors including Axa (France), The Mediterranean & Gulf Insurance & Reinsurance (Saudi Arabia) and Allianz SE (Germany). New Office address . Japan was ranked third, The incident was in February and communications are still down Follow the latest coverage of Asian markets, politics, global economy, business & finance. Follow the latest news and comprehensive coverage on INSURANCE at CNA. Our media teams around the world. Asia Insurance is one of the leading general insurers in Hong Kong. New York, New York - February 12, 2020. SOUTH ASIA INSURANCE COMPANY LIMITED. The most important insurance news, in your inbox every business day. secures US$364K seed funding | Digital News Asia Asia Insurance News Your one stop for news affecting insurance industry in Asia . News. Receive Free Newsletters From Asia Insurance Review, Ins Communications Pte Ltd., 103A Amoy Street, Singapore 069923. ... Asia First Encore. The broker has teamed up with Steadfast to gain access to carriers and businesses across Australia. Two-thirds of Singapore small businesses say they do not have any cyber protection in place. Experts tell IAN that a long-awaited tax break and other reforms can transform the city into a maritime insurance hub. Latest news releases, research reports and publications as well as our multimedia library. The Asia InsurTech Podcast spoke with Kanpassorn Eix Suriyasangpetch, an army dentist turned tech entrepreneur. It is noted for its financial strength (strong capitalization, high liquidity and a Standard & Poor's “A” rating for its insurer financial strength rating and counterparty credit rating), distribution network and quality client base. Popular this week. Customer expectations in the Asia-Pacific region are the highest in the world, especially around digital interaction and experiences. insuranceNEWS.com.au features local, corporate, regulatory and government, financial services and international news as well as insurance industry events. Universal Life Insurance Regulatory Changes China February 2015. The move to allow Thai insurers to utilise capital bonds as alternative source of financing will improve sector capital adequacy, financial flexibility and possibly reduce overall capital cost, according to an AM Best report. The platform, which makes insurance purchase easier and more accessible, announced a successful seed funding round from Vynn Capital and Temokin Digital insurance player Ouch! Business Insurance serves business executives who are responsible for the purchase and administration of corporate insurance/self-insurance programs. Home. An online magazine that deliver the latest industry news, opinion and analysis from government and regulatory bodies, platforms, underwriters and insurance firms. Expert News, Analysis and Opinion; Premium content; ... Ex-Lloyd’s Asia Pacific CEO Kent Chaplin has joined New Zealand’s Delta Insurance Group on a full-time basis with the executive shifting from being an advisory board member to the company’s permanent chief operating officer (COO). © InsuranceAsia News. This new collaboration aims at providing professional medical services to our clients and … The new Global Business Platforms unit will be headed by current Asia Pacific CEO Jack Howell as of Jan. 1, 2021. The Australian Securities and Investments Commission (ASIC) is proposing a regulatory guide and prescribed customer information for the forthcoming deferred sales model for add-on insurance. Asia Insurance is honored to announce our new collaboration with CUHK Medical Clinic for the development of a new in-network Day Case Endoscopy started in April 2019. Starting from 16 February 2015, China Insurance Regulatory Commission (CIRC) has announced the new regulatory changes on universal life insurance products. CNA: Breaking news in Asia and Singapore; latest stories from around the world, business, sports, lifestyle, commentary and more. As a trusted service provider in Asia, ARB has been an unrivalled brand servicing its … CNA+: Spotlight on healthcare for migrant workers in Singapore. Asia Insurance on LinkedIn, Twitter & YouTube. An insightful article by George Kesselman of InsurTechAsia, who asks to imagine what would happen if InsurTech helped to make insurance into a … 1 among insurers in the region, retaining its ranking from the previous year. After the transaction, AZCL will become a … China's three biggest insurers claimed the top spots in S&P Global Market Intelligence's ranking of the top 50 Asia-Pacific insurers by gross written premiums. Asia Reinsurance Brokers (ARB) is an independent broker who specialises in reinsurance, insurance risk solutions, risk management mitigation, analytics and cyber risk management. Insurance and financial products and services are provided by licensed members of Sompo Holdings Asia. The former DXC Technology and Lloyd’s executive joins to support the agency's Asia expansion plans. Chubb names Peter Kelaher as head of Australia and New Zealand, Jarrod Hill to join IAG amid management reshuffle, Nova Insurance to join HK-listed FSE Services Group, Q&A: FWD’s Phong highlights ‘legacy light’ advantage. Please call 023 888 156 email: [email protected] Asia … SOUTH ASIA INSURANCE COMPANY LIMITED. Indonesia: Reinsurer expected to maintain selective underwriting Tugu Reasuransi Indonesia's (Tugure) non-life combined ratio stood at 105.7% by end-2020, higher than the 103.2% by end-2019, notes Fitch Ratings. It is noted for its financial strength (strong capitalization, high liquidity and a Standard & Poor's “A” rating for its insurer financial strength rating and counterparty credit rating), distribution network and quality client base. A Hong Kong-based broker tells IAN that business is 'returning to normal' after the 2020 downturn. Toggle share menu. The Sydney-based executive is currently head of the global giant's non-life business in the region. Receive our regular newsletter, a round-up of the latest news and insights direct to your inbox, and designed to help you stay ahead. Asia Capital Re, which had US $835 million of shareholder equity, US $1.3 billion of gross liabilities including Unearned Premium Reserve, and total assets of US $2.1 billion as of 30th September 2019, underwrote business across the Asian region and some international contracts. The Hong Kong general manager joined the firm earlier in the year after 25 years at Ping An. The Asia Pacific region is an exciting place to be. Insurance markets continue to grow at trend due to very strong demand in emerging Asia, particularly China; non-life and life premiums will increase by around 3% in 2020 and 2021 SRI forecasts slowdown in US economic growth to 1.6% in 2020, and 0.9% in the euro area, both below consensus Not all products or services listed are available in all jurisdictions or to all customers. More importantly, insurance penetration is less than 5% in India, Indonesia, Mainland China and Malaysia, signaling a significant amount of unmet demand in Asia-Pacific’s developing markets. Indonesia: Reinsurer expected to maintain selective underwriting Tugu Reasuransi Indonesia's (Tugure) non-life combined ratio stood at 105.7% by end-2020, higher than the 103.2% by end-2019, notes Fitch Ratings. We've relocated to new office building. Please contact your local office for details on the relevant products and services in your country. 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Review, Insurance Directory We've relocated to new office building. Aon's Gary Moran says premiums are dependent on a broader airline industry recovery. Regarding customer relevance, in Asia, insurance is not seen as a compulsory product but as a primary product for savings and protection, playing a very relevant role in the lives of clients. December 1, 2014. insuranceNEWS.com.au is a free online daily news bulletin for Australia's general insurance industry and the wider financial services community. ... transformation to focus on its strongest businesses continues with the sale of its remaining Italian Life and General Insurance businesses (“Aviva Italy”) for €873m in cash. Chubb announces new appointments for Asia Pacific’s Property & Casualty team. The 56th International Insurance Society (IIS) Global Insurance Forum is taking place on June 8 – 10, 2020 in New York and will bring together thought leaders from all sectors of insurance and all regions of the globe to discuss the future of the insurance … Singapore News. Asia's watchdogs have adopted a less prescriptive approach to climate risk disclosure. Media contacts. A decade on from the Great East Japan Earthquake, many businesses still lack coverage. By Microsoft Asia News Center 27 May, 2019. A new tripartite partnership between the global re/insurance industry, regulators and academia is set to launch in January, with the aim of building resilience and addressing protection gaps in Asia. Insurance news Asia - Asia Reinsurance newshttps://ReinsuranceNews.com #Reinsurance #ReinsuranceNews The Marine Cargo Insurance, or Ad Valorem Insurance, can [...] aredier 2020-09-24T14:49:23+08:00 02/04/2021. September 23, 2016. Marine Freight Insurance is a protection along the transport chain. As set out in Swiss Re’s sigma 03/2008, based on the results of its 2007 World Insurance Survey, the Asia Pacific region is home to three of the top ten insurance countries in the world by total premium volume. Not all products or services listed are available in all jurisdictions or to all customers. ... A bite-size version of what you have missed on "Asia First". News & Event; Testimonial; Claims; Guideline; Contact; Address; No.5, Street 13, (Next to the Central Post Office) Sangkat Wat Phnom, Khan Daun Penh, Phnom Penh Kingdom of Cambodia. The Marine Cargo Insurance, or Ad Valorem Insurance, can [...] aredier 2020-09-24T14:49:23+08:00 secures US$364K seed funding | Digital News Asia Telephone (855) 023 427 981; FAX (855) 023 216 969; Email; [email protected] Allianz (China) Insurance Holding Co., Ltd. (AZCH) and CITIC Trust Co., Ltd. (CITIC Trust) have signed an equity transfer agreement for AZCH to acquire 49 per cent of the shares of Allianz China Life Insurance Co., Ltd (AZCL) from CITIC Trust. Asia Capital Re (ACR) is in late-stage sale talks with legacy acquirers Enstar and Catalina, with a circa $800mn deal with one of the firms likely within weeks, The Insurance Insider can reveal. The Voice of Asia and a leading premier insurance journal that meets the information needs of the insurance and reinsurance practitioners in Asia. Company's Information All rights reserved. Sandra, who is currently based in Hong Kong, will join BMS upon completion of current contractual obligations. Former Chubb country president starts in September as Amanda Whiting handed New Zealand CEO role. Company's Information Follow the latest news and comprehensive coverage on INSURANCE at CNA. Allianz (China) Insurance Holding Co., Ltd. (AZCH) and CITIC Trust Co., Ltd. (CITIC Trust) have signed an equity transfer agreement for AZCH to acquire 49 per cent of the shares of Allianz China Life Insurance Co., Ltd (AZCL) from CITIC Trust. Those interested will be vying for one life insurance licence and one general insurance licence. The Voice of Asia and a leading premier insurance journal that meets the information needs of the insurance and reinsurance practitioners in Asia. German reinsurer says 2020 was a “very good” year for South-East Asia. Asia Insurance is one of the leading general insurers in Hong Kong. Watch CNA live. Singapore. Insurance News in Asia, Insurance Industry Updates: China, Singapore, Indonesia, India Thursday, February 26, 2015. Sandra, who is currently based in Hong Kong, will join BMS upon completion of current contractual obligations. Insurance news Asia - Asia Reinsurance newshttps://ReinsuranceNews.com #Reinsurance #ReinsuranceNews New Office address . Ghana: Local insurers urged to do more for international traders to turn to them for coverage Insurance companies in Ghana should focus on building their capacities and make attractive offers for importers and exporters who ship cargo through the country's ports, according to the president of the Ghana Union of Traders Association, Dr Joseph Obeng. GENEVA (AP) ... Life Insurance. China Life Insurance (Group) Co. remained No. Urbanisation presents unprecedented risks — and opportunities — for insurers. Contact us . Asia Insurance News Your one stop for news affecting insurance industry in Asia . Catalina Holdings, the Bermuda-headquartered non-life run-off and legacy insurance and reinsurance specialist, is set to acquire Asia Capital Reinsurance Group in a strategic move aiming for growth in Asia. Asia-Pacific. Asia Insurance Review contact details, Twitter, news, reports and events.

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