Asia
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January 10, 2023
UnitedHealth Group largest insurer in world by premium, says Best
The largest insurer in the world, based on 2021 net premiums written (NPW), is UnitedHealth Group, according to AM Best’s ranking…
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January 9, 2023
India to be sixth largest insurance market by 2032, says Swiss Re Institute
The Swiss Re Institute is forecasting that India will be the sixth largest insurance market in the world by 2032.…
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January 4, 2023
Indian regulator tells carriers to stop using burning cost rates
The Indian insurance regulator, IRDAI, has reportedly written to property insurers and reinsurers asking them to stop including the burning…
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January 3, 2023
Credendo downgrades eight countries as political instability bites
Belgian state export credit insurance agency Credendo has downgraded eight countries: Bangladesh, Bhutan, Burkina Faso, Djibouti, El Salvador, Haiti, Mongolia…
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January 3, 2023
Seven non-US cat events topped $1bn in insured losses last year, says CRESTA
Last year saw seven cat events outside of the US generate losses to the insurance industry in excess of $1bn,…
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December 21, 2022
Tesco faces forced labour lawsuit over Thai factory
Tesco is facing claims of forced labour from 130 Burmese migrant workers at one of its clothing factories in Thailand.…
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December 20, 2022
Indonesian parliament approves mandate to shore up insurance sector following defaults
The Indonesian parliament's approval of Indonesia Insurance Deposit Corporation's (LPS) new mandate to guarantee insurance policies will help to restore…
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December 19, 2022
Marsh Captive Solutions makes executive changes
Lorraine Stack is taking on the additional role of leader of Marsh Captive Solutions’ Ireland operations from 1 February. She…
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December 14, 2022
Stable pricing in Asia-Pacific and the Americas with focus on risk quality, says Aon
Pricing stabilised for most lines in Asia-Pacific, North America and Latin America in the third quarter of 2022, despite bigger…
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December 13, 2022
Two-tier market in play despite more stability for many buyers: Aon
The global commercial insurance market stabilised in most regions during Q3, with average rate increases between 1% and 10%, according…
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December 13, 2022
Improved underwriting profitability and growth prospects for China’s non-life sector
China’s non-life insurance industry has seen an improved underwriting performance and better growth prospects as the country eases its zero-tolerance…
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December 9, 2022
Geopolitical risks and cost of living threaten productivity in 2023: International SOS
Organisations have been put into ‘perma-crisis’ mode with global risks from geopolitics to the cost of living threatening productivity going…
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December 8, 2022
Autumn Australia flood losses pegged at A$791m: PERILS
Insured losses from flooding in southeast Australia in October could cost A$791m ($531m), according to an initial estimate from catastrophe…
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December 8, 2022
ASEAN insurers to play key role in region’s transition to low-carbon economy
ASEAN insurers are aiming to phase out of thermal coal, thermal power plant or coal cargo, and to increase renewable…
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December 7, 2022
Zurich’s climate charity rolls out urban resilience programme to ten countries
Zurich Insurance Group’s Z Zurich Foundation said it will scale-up its efforts to combat climate change with the launch of…
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December 7, 2022
Gallagher report highlights much improved D&O market globally
Overall insurer competition has increased in the D&O sector globally, with significant price decreases as a result, according to Gallagher.…
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December 7, 2022
Hong Kong sets out development roadmap for insurance sector
The Hong Kong government has announced a development roadmap for the insurance sector, with the aim of further developing Hong…
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December 7, 2022
Airmic launches AXA Climate School to help members manage transition
UK risk management association Airmic is launching a climate change learning programme in collaboration with AXA Climate to help members…
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December 5, 2022
India’s finance ministry proposes composite licence for insurers
The Indian finance ministry has proposed that the country’s insurance law be amended to allow composite licences to be granted…
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December 2, 2022
Miller expands Asia marine offering with new appointment
Choo Cai Ling has joined Miller’s Singapore-based marine team in a production and broking role. Miller said her appointment reflects…