Nicholas Pratt
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Asia
NDB scheme raises cyber liability for Australia’s companies
The imminent introduction of Australia’s notifiable data breaches (NDB) scheme is likely to dramatically increase the liability from a cyberattack…
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Asia
XL Catlin extends accident and health insurance product for Australian businesses
International broker XL Catlin has announced the extension of its Protect and Assist health and accident insurance product to cover…
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Asia
IRM announces ambassador for Vietnam, Cambodia and Laos
The Institute of Risk Management (IRM), a UK-based risk education body, has appointed Saman Bandara as a global ambassador for…
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Asia
XL Catlin appoints country head for China
Phil Xue has been announced as the new chief executive officer and general manager of XL Insurance (China) Co Ltd,…
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Asia
Singapore’s cybersecurity bill passed in parliament
A bill designed to make Singapore’s critical services more resilient to cyberattacks has been passed in parliament. The Cybersecurity Bill…
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Asia
Insurers and regulators react to cryptocurrency risks
The cryptocurrency craze has led a number of major insurers to consider policies offering protection against theft and other risks,…
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Asia
Taiwan earthquake collapses buildings and injures hundreds
An earthquake in the popular Taiwanese tourist city of Hualien has left four dead and more than 250 injured. The…
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Asia
Asia lagging rest of the world in insurtech
The size of Asia’s insurtech market may have been overstated after a report revealed that the region accounts for just…
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Asia
Apple and Cisco team up with Allianz to offer cyber security discounts
Tech giants Apple and Cisco have recruited Allianz and Aon in their plan to offer cybersecurity discounts to corporate users…
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Asia
Allianz acquires Sri Lankan general insurer
Allianz has struck a deal to acquire one of Sri Lanka’s largest general insurers for €85.9m (SRL16.4bn). Allianz will purchase…
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Asia
Chubb appoints new heads for Korea and Thailand
Edward Ler has been appointed by Chubb as the new country president for its general insurance business in Korea. He…
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Asia
Sanchi’s expanding oil slick raises environmental concerns
The spill from the stricken oil tanker Sanchi has created an oil slick that has trebled in size since the…
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Asia
JLT Re appoints new CEO for Asia-Pacific
Jeremy Fox has been appointed as the new Asia-Pacific CEO for JLT Re, the broker’s reinsurance arm. Mr Fox has…
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Asia
Asean plans to improve nat cat response following Typhoon Tembin
The Association of Southeast Nations (Asean) is to accelerate its plan to develop systems to help its member states respond…
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Asia
BI, cyber and nat cats top 2018 Allianz Risk Barometer
Business interruption (BI), cyber and natural catastrophes are the leading business risks this year, according to more than 1,900 risk…
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Asia
Jakarta stock exchange floor collapses
More than 70 people have been injured after a mezzanine floor at the Indonesian Stock Exchange collapsed. A group of…
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Asia
IRM continues Asia expansion with India ambassador’s appointment
The UK-based Institute of Risk Management (IRM) has appointed two ambassadors in Gurgaon, India to act as local experts for…
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Asia
Tanker Sanchi sinks with no survivors
The Sanchi, the stricken Iranian tanker that collided with a US freighter off the eastern coast of China in one…
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Asia
NZ companies facing rise in weather insurance premiums
The cost of insurance claims related to storms and floods has risen by 70% in New Zealand during the past…
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Asia
Cyber insurance take-up rises by 50% in India
The number of India-based companies that adopted cyber insurance in 2017 increased by 50% on the previous year, according to…