Big spike in fake and pirated goods seizures as Philippines authorities get tough

Big spike in fake and pirated goods seizures as Philippines authorities get tough

Big spike in fake and pirated goods seizures as Philippines authorities get tough

The Philippines National Committee on Intellectual Property Rights (NCIPR) has reported that it has confiscated roughly PHP7bn worth of fake and pirated products in the first five months of 2018, based on reports published by Inquirer.net and local media. The inter-agency intellectual property task force seized PHP6.7bn worth of fake products from January to May 2018. This haul, taken in the first…

Parima, Marim and Willis Towers Watson offer July risk events in Kuala Lumpar, Bangkok and Macau

Parima, Marim and Willis Towers Watson offer July risk events in Kuala Lumpar, Bangkok and Macau

Parima, Marim and Willis Towers Watson offer July risk events in Kuala Lumpar, Bangkok and Macau

Asian risk managers have three association events on offer in July in Malaysia, Thailand and Macau – organised by the Malaysian Association of Risk and Insurance Management (Marim), and the Pan Asia Risk & Insurance Management Association (Parima) in partnership with Willis Towers Watson. The Marim annual conference takes place 17-18 July in Kuala Lumpur and focuses on the theme…

Aon launches updated Thai flood model to help protect growing economy

Aon launches updated Thai flood model to help protect growing economy

Aon launches updated Thai flood model to help protect growing economy

Aon has launched an updated Thailand flood catastrophe model that uses the latest scientific advances in hydrological, hydraulic and statistical modelling to help insurers more accurately assess and manage this still rising risk. The Thai floods of 2011 caused more than $15bn of insured losses and served as a serious wake-up call to Asian and international insurers and reinsurers, which…

Tokio Marine shifts focus back to Asia with $9bn war chest for acquisitions

Tokio Marine shifts focus back to Asia with $9bn war chest for acquisitions

Tokio Marine shifts focus back to Asia with $9bn war chest for acquisitions

Fast-expanding Japanese insurer Tokio Marine has a $9bn ‘warchest’ available for overseas purchases targeted mainly at the broader Asia region, according to news agency Reuters. Tokio Marine and rival leading Japanese insurers such as Sompo and Mitsui Sumitomo have expanded aggressively in recent times as they have struggled to deliver growth and decent returns in a persistently sluggish domestic market. The…

Reinsurers bemoan lack of rate change in Asian insurance market

Reinsurers bemoan lack of rate change in Asian insurance market

Reinsurers bemoan lack of rate change in Asian insurance market

Despite the fact that 2017 was a severe year of natural catastrophes, the Asian insurance market has seen little impact in terms of rate changes, much to the disappointment of many insurers and reinsurers. Rates in the region have been deteriorating for several years, due to excess capacity and strong competition. This has led insurers to question whether certain commercial…

Japan set to back Asean parametric disaster insurance fund

Japan set to back Asean parametric disaster insurance fund

Japan set to back Asean parametric disaster insurance fund

The Japanese government is set to fund the launch of a parametric disaster insurance pool designed to provide Asean nations with easily distributable recovery funds following natural catastrophes. According to a report in the Nikkei Asian Review, the Southeast Asia Disaster Risk Insurance Facility (Seadrif) will be formally announced later in May at the annual meeting of the Asian Development…

Parima recruits EB provider Maxis as a partner

Parima recruits EB provider Maxis as a partner

Parima recruits EB provider Maxis as a partner

The Pan-Asia Risk and Insurance Managers Association (Parima) has announced a partnership with employee benefits provider Maxis GBN that will see the two collaborate on a series of events as Maxis looks to expand its captives business across Asia. Under the terms of the partnership, Maxis will be present at Parima’s two regional conferences in 2018, in Bangkok in May…

CNA Hardy establishes presence in Labuan, Malaysia

CNA Hardy establishes presence in Labuan, Malaysia

CNA Hardy establishes presence in Labuan, Malaysia

CNA Hardy has received an enhanced licence to transact business in Labuan, Malaysia. The insurer said the move continues its expansion in Asia. The initial focus in Malaysia will be on the same classes of business that CNA Hardy offers through its Singapore office: property direct and facultative and treaty, construction, marine, power generation, healthcare, financial lines and casualty. “This…

1 2 3 13