Nicholas Pratt
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Asia
IRDAI plans new reinsurance framework and considers use of ART
India’s insurance watchdog, the Insurance Regulatory and Development Authority of India (IRDAI), has formed a new Reinsurance Expert Committee to…
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Asia
Swiss Re launches parametric insurance for Taiwan aquaculture
Global reinsurer Swiss Re has partnered with local specialist insurer Taiwan Fire & Marine Insurance to launch what it claims…
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Asia
Indonesia sues Thai exploration company for $2bn over 2009 oil spill
The Indonesian government is seeking more than $2bn in compensation from a Thailand-based exploration company over an oil spill…
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Asia
Qantas CEO pied by protestor over support for marriage equality
Corporate executives in Australia must factor in a new risk – that of flying confectionery – after the CEO of…
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Asia
South Korea election result heralds potential change in key policies
Risk managers in South Korea may be toasting the election of a new president, given that it could see a…
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Asia
New HK insurance watchdog makes senior appointments
The Insurance Authority (IA), Hong Kong’s new independent industry watchdog, has announced a number of senior appointments before it commences…
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Asia
CIRC bans Anbang for three months amid corruption crackdown
Chinese conglomerate Anbang Insurance Group has been banned from issuing any new products for three months by the China Insurance…
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Asia
AIA plans expansion in Cambodia
Hong Kong-based AIA, the world’s second largest life insurer, has pledged to invest in the Cambodia insurance market and to…
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Asia
Nat cat data firm estimates Cyclone Debbie loss at $820m
A Zurich-based catastrophe insurance data provider, Perils, has estimated the total insured property losses from Cyclone Debbie at more than…
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Asia
Olympus awarded $529m damages from former execs over accounting scandal
Six former executives from Japanese camera manufacturer Olympus have been ordered to pay the company $529m in compensation for their…
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Asia
South Korea fines Novartis $49m amid corporate clampdown
Swiss drugmaker Novartis has been hit with a $48.8m fine by South Korean authorities for offering bribes to doctors who…
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Asia
Insurtech funding drops 64% in a year: report
Funding for insurtech startups dropped by 64% in the first quarter of 2017 compared to the previous year’s opening quarter,…
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Asia
Philippines insurers struggling to balance growth with profitability: AM Best
While the Philippines non-life insurance sector has enjoyed another solid year, with gross and net premiums both outpacing growth in…
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Asia
Tokio Marine Kiln to offer insurance for drone testing
Japan-based speciality insurer Tokio Marine Kiln (TMK) is to provide insurance for the testing of drone-based services. The policy, which…
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Asia
QBE hires new CRO for Australia and NZ division
QBE Australia and New Zealand has appointed Mark Baxter as new chief risk officer (CRO), replacing Anna Gould, who takes…
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Asia
APAC companies top the charts for risk preparedness: Aon survey
Global companies’ preparedness for the top 10 risks they face has deteriorated and risk readiness of global firms is at…
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Asia
China and Australia to cooperate on cyber crime
The respective governments of Australia and China have pledged to formally collaborate in the fight against transnational crime and to…
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Asia
Alibaba founder warns of impact of automation
Chinese billionaire and chairman of e-commerce giant Alibaba, Jack Ma, has issued a dire warning about the human impact of…
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Asia
India and China to overtake US on renewable energy spending
China and India are on track to meet their climate change goals under the Paris Agreement due to rapidly scaling…
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Asia
Singapore scores high in global talent poll
Singapore has been ranked as the second best place in the world for attracting, retaining and developing talent, according to…