CRA Newsletter
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Asia
Asia-Pacific 2024 cat losses significantly up: Munich Re
Munich Re estimates that total catastrophic losses in the Asia-Pacific region and Africa reached around $91bn last year, up significantly…
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Asia
Singapore leads ageing readiness index in Asia
Singapore has been ranked first in Asia for its readiness to address the challenges and leverage the opportunities of an…
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Asia
The Hartford launches new Singapore operation
US insurer The Hartford has opened a new service company in Singapore, extending its expertise to one of the world’s…
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Asia
Diago appointed Sompo chief claims officer, commercial and consumer insurance, Asia Pacific
Sompo has announced the appointment of Pablo Diago as chief claims officer, commercial and consumer insurance, Asia Pacific (APAC), effective…
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Asia
Newline expands to Hong Kong
Newline Group (Newline), the specialty insurance arm of the Odyssey Group, itself a subsidiary of Canada’s Fairfax Financial Holdings, has…
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Asia
Worrying fall in Indian insurance penetration
Insurance penetration in India experienced a dip for the second successive year in 2023-24, according to Insurance Regulatory and Development…
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Asia
Sri Lankan outlook improves as Dissanayake tackles debt
UK-based economic modelling and advisory firm Oxford Economics says that after years of “disastrous” policies, the future looks brighter for…
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Asia
Economic downturn, extreme weather and labour challenges top APAC risk agenda
Zurich Insurance says that its annual Global Risk Report Executive Opinion Survey, conducted in partnership with the World Economic Forum…
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Asia
Outlook positive for Sri Lanka non-life insurers
Fitch Ratings says that underwriting profitability for Sri Lankan non-life insurers will gradually improve as they enhance practices and shift…
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Asia
Parima opens the year with three events in January
Parima is kicking off 2025 with a busy schedule as members and the wider risk and insurance management community are…
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Asia
Partnership needed to tackle tsunami risk
Progress has been made across Asia to build resilience to the ever-present tsunami risk in the region but much more…
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Asia
Sedgwick names new leadership teams in Japan and Taiwan
Claims management, loss adjusting and technology-enabled business solutions group Sedgwick has announced new leadership in Japan and Taiwan. The group…
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Asia
Ong joins Lockton Asia from Price Forbes
Lockton Asia, the Singapore-based Asian operation of the US broker, has announced that Christina Ong has joined as executive director,…
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Asia
Trump presents shock risk for Asia: Credendo
Asia should rightly be “very concerned” about Donald Trump’s second presidential mandate, according to Belgian state-backed credit insurance agency Credendo. …
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Asia
Thailand working on cyber fraud insurance framework
Thailand's National Cyber Security Agency (NCSA) is actively working to establish a cyber fraud insurance framework to face the growing…
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Asia
Markel appoints Taylor to lead Asia-Pacific growth
Markel, the insurance operations within Markel Group Inc, has announced that Jack Taylor has been appointed to the role of…
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Asia
GIC Re optimistic for 2025
Ramaswamy Narayanan, chairman and managing director of Indian public sector reinsurer GIC Re, remains optimistic about the company’s growth trajectory…
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Asia
Asia’s advanced economies face biggest AI impact on jobs: IMF
The International Monetary Fund (IMF) says that Asia-Pacific’s economies are likely to experience labour market shifts because of artificial intelligence,…
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Asia
Hong Kong welcomes sixth cat bond
The Insurance Authority of Hong Kong (IA) has welcomed the issuance of a catastrophe bond amounting to $35m (HK$272m) sponsored…
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Asia
New energy vehicles spark transformation in Chinese motor market
As China continues to lead the way globally in producing and selling new energy vehicles (NEV), the trend has spurred…