Nicholas Pratt
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Asia
Asia floods cause $10bn in uninsured losses in July
Severe seasonal floods have left a costly bill of more than $10bn of economic or insured losses across Asia in…
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Cyber & Technology
Cyber insurance set to soar in Asia thanks to WannaCry
The adoption of cyber insurance is set to rise dramatically in Asia in the wake of the WannaCry virus that swept…
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Asia
QBE hires new CEO in Malaysia
Chris Kurinsky has been appointed as the chief executive of QBE Insurance (Malaysia) Berhad, making him responsible for the Australia-based…
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CRE Legal Regulation
Hong Kong Exchange rejects insurance broker’s IPO
A Chinese state-owned insurance broker that describes itself as “the largest local corporate insurance brokerage and risk solutions firm in…
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Insurtech funding rises by 248% in Q2
Investment in insurtech rose to almost $1bn in the second quarter of 2017, an increase of 248% on the previous…
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Asia
AIR unveils Thunderstorm model for Australia
Catastrophe modelling firm AIR Worldwide has released what it claims is the first severe thunderstorm model for Australia to capture…
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Asia
Half of Asian businesses have no liability insurance: QBE
Asia’s corporate market is significantly underprotected against liability risks, according to a recent study by QBE Insurance that revealed roughly…
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Asia
XL Catlin launches cyber insurance in Asia-Pacific
Bermuda-based insurer XL Catlin has unveiled a cyber and data protection insurance policy for Asia-Pacific. The policy covers business interruption…
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Asia
Munich Re puts cost of Cyclone Debbie claims at $1.4bn
Global reinsurer Munich Re has released the highest-yet estimate of the losses from Cyclone Debbie, putting the insured loss at…
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Asia
Korean insurer introduces robo-tellers to its sales staff
South Korean insurer AIA Korea has teamed up with technology firm SK C&C to introduce what it claims is the…
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Asia
Calling all risk managers: share your insight in our Risk Frontiers Asia survey
Commercial Risk Asia is calling on all risk managers in the region to help us compile the industry’s most authoritative…
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Asia
Leading politician named in Indonesia corruption case
Indonesia House of Representatives Speaker Setya Novanto has been named as a key suspect in one of the biggest anti-graft…
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Asia
Cyber attacks could cost as much as a natural disaster: Lloyd’s
Asia continues to be underinsured against cyber attacks despite recent research that puts the cost of such an attack as…
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Asia
China promises more regulatory oversight following party conference
China is promising an era of greater regulatory supervision and macroprudential risk management following the National Financial Work Conference, a…
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Asia
Takata fights liability claims in US bankruptcy court
Beleaguered airbag manufacturer Takata is facing more legal troubles just weeks after filing for bankruptcy in a US court, and…
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Asia
Chinese city pilots first ‘unhackable’ communication network
The city of Jinan in eastern China has successfully piloted an “unhackable” communications network using quantum communications technology, marking a…
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Asia
Singapore opens consultation on cybersecurity bill
The Cyber Security Agency of Singapore (CSA) and the Ministry of Communications and Information have released the much-anticipated Cybersecurity Bill…
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Asia
Vietnam sees 21% growth in premiums in first half of 2017
Insurance companies in Vietnam have collected a total premium in the first half of 2017 of VND47.17trn ($1.8bn), a 21%…
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Asia
Cambodia and Thailand sign MoU over insurance regulation
A new era of cooperation between the insurance markets in Cambodia and Thailand could be heralded by the signing of…
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Asia
RMS adds cyclones and earthquakes to its Asia-Pacific risk models
Risk modelling and analytics firm RMS has expanded its portfolio of risk models with the addition of tropical cyclone and…