Parima targets career progression for risk managers in 2018

Parima targets career progression for risk managers in 2018

Parima targets career progression for risk managers in 2018

The Pan-Asia Risk and Insurance Management Association (Parima) is prioritising the career progression of its members in 2018, according to executive director Stacey Huang. “We have four areas we want to concentrate on in 2018 – a career portal, a mentoring programme, a certification supplement programme, and our conferences for next year,” Ms Huang told Commercial Risk Asia. Parima has…

Axa names new Asia CEO in global management reshuffle

Axa names new Asia CEO in global management reshuffle

Axa names new Asia CEO in global management reshuffle

French multinational insurer Axa has unveiled a new management structure for its international operations, which includes the appointment of Gordon Watson as chief executive for Asia, including Japan, effective from 1 January. The role has been vacant since the resignation of Jean-Louis Laurent Josi at the end of June. Axa had hoped to name his successor before the end of…

Peak Re receives reinsurance licence in Singapore

Peak Re receives reinsurance licence in Singapore

Peak Re receives reinsurance licence in Singapore

Hong Kong-based reinsurer Peak Re has been granted authorisation by the Monetary Authority of Singapore to carry on writing life and general reinsurance business in the country with effect from 2 November. The licence award was welcomed by Franz-Josef Hahn, chief executive officer of Peak Re, who emphasised the importance of the region and said the licence would make for…

Singapore and Hong Kong team up in fintech alliance

Singapore and Hong Kong team up in fintech alliance

Singapore and Hong Kong team up in fintech alliance

The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) have signed an agreement to strengthen co-operation on fintech between the two cities and foster wider fintech development within the region. The agreement was finalised at the FinTech Day organised by the HKMA in late October. Under the agreement, MAS and HKMA have committed to work on…

Insurance markets set to gain from ASEAN integration says research

Insurance markets set to gain from ASEAN integration says research

Insurance markets set to gain from ASEAN integration says research

The ASEAN Economic Community (AEC) initiative, a plan to develop a single economic market across the ten ASEAN states by 2025, is also likely to benefit regional insurance markets, according to a report published by Zurich-based research firm Dr. Schanz, Alms & Company and reinsurer Malaysian Re. The ASEAN Insurance Pulse report, based on interviews with regional and international insurers,…

Beazley unveils new financial lines products for Asia

Beazley unveils new financial lines products for Asia

Beazley unveils new financial lines products for Asia

Specialist insurer Beazley has launched two financial lines products for the Asia market. The first of these products is aimed at financial institutions and offers a range of policies including directors and officers liability, professional indemnity and cover for financial crime, as well as policies designed specifically for private equity and investment management firms. The second set of products are…

Markel extends fintech insurance policy to Asian market

Markel extends fintech insurance policy to Asian market

Markel extends fintech insurance policy to Asian market

Specialty insurer Markel has launched its fintech insurance policy in Asia, following its launch earlier this year in the UK. The policy is designed to offer professional indemnity to firms operating in Asia’s financial technology, or ‘fintech’, sector. In addition to broad civil liability protection from claims by clients or other third parties, the policy also offers coverage for liability-related…

Zurich hires new commercial underwriting chief for Singapore

Zurich hires new commercial underwriting chief for Singapore

Zurich hires new commercial underwriting chief for Singapore

Global insurer Zurich has appointed Anish Jadav as its new chief underwriting officer for its commercial insurance business in Singapore. Mr Jadav will head up several specialty lines in the region including accident and health, financial, marine and surety. He will also work closely with Zurich’s head of the Asia-Pacific commercial insurance team, Chris Waterman, as the insurer looks to…

Singapore watchdog creates expert cyber security advisory panel

Singapore watchdog creates expert cyber security advisory panel

Singapore watchdog creates expert cyber security advisory panel

The Monetary Authority of Singapore (MAS) last week announced that it has established a Cyber Security Advisory Panel (CSAP), which is made up of cybersecurity thought leaders from around the world. MAS said the CSAP will advise it on strategies to “enhance the cyber resilience” of Singapore’s financial sector. “Specifically, CSAP will provide MAS with global perspectives on evolving technologies…

Economic risks top WEF global risk survey

Economic risks top WEF global risk survey

Economic risks top WEF global risk survey

Global business leaders have named economic risks – specifically unemployment in first place, followed by fiscal crises – as the top threats facing their organisation for the next ten years, according to a new survey by the World Economic Forum (WEF). Publishing its Global Risks Report in partnership with Zurich Insurance and Marsh & McLennan, the WEF said societal risks…

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