CRA Newsletter
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Asia
Berkley gains Indian license
WR Berkley Corporation, the US-based specialty commercial insurer and reinsurer, has announced that it has received approval from the International…
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Asia
IFC signs $3bn credit policy with 14 global insurers to invest in ‘real’ economy
The International Finance Corporation (IFC) has signed a $3bn credit insurance policy with 14 global insurance companies under its Managed…
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Asia
Hong Kong launches roadmap on sustainability disclosures
Hong Kong is making progress in its efforts to up the territory’s game in terms of sustainability reporting, according to Sonali…
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Asia
China and US sign insurance sector MOU
China’s National Financial Regulatory Administration and the US Treasury’s Federal Insurance Office have signed a memorandum of understanding (MOU) related…
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Asia
Indonesian regulator calls for higher profile for insurance
The Indonesian insurance industry will face great opportunities as well as significant challenges in 2025, a senior official of the…
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Asia
Rohan Bhappu succeeds Goh Chye Huat as CEO of Howden Asia
London-based global broker Howden has announced the appointment of Rohan Bhappu as deputy CEO, Howden Asia. He will report to Chye…
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Asia
Parima launches speaking challenge for next generation of risk managers
The Pan-Asia Risk and Insurance Management Association (Parima) has launched Next-Gen Risk Takers, a speaking challenge that it says will…
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Asia
Global banks warn of Japanese economic decline
Japan’s GDP would suffer significant economic decline under current global climate targets, according to new scenarios released by a network…
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Asia
US election sparks fears over trade war risk
Asian and global business leaders’ concerns over the global economic outlook have increased significantly since the US elections, based on…
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Asia
Malaysia acts to counter rising health insurance premiums
Bank Negara Malaysia (BNM) will announce further details on interim measures to address the rise in health insurance premiums this…
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Asia
MSIG adds to cyber capacity with Liu appointment
MSIG Asia has appointed Alexander Liu as vice-president, cyber and financial lines, in a move that it said reinforces its…
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Asia
French Indian Ocean island wrecked by historic cyclone
Several hundred people, and possibly even thousands, may have been killed when the most powerful cyclone in nearly a century…
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Asia
Rate hikes to support Australian non-life profits: Fitch
The underwriting profitability of Australia's non-life insurance sector is expected to remain stable as strong premium rate hikes in recent…
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Asia
Allianz formally scraps Income bid
Allianz has formally announced its decision to withdraw its pre-conditional voluntary cash general offer to acquire at least 51% of…
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Asia
Inflation and rising prices to drive Australian general insurance growth
The Australian general insurance industry is set to grow at a compound annual growth rate (CAGR) of 9.2% from AU$103.1bn…
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Asia
ESG – a skill that every risk manager should learn
Sustainability, or ESG, is a skill that every risk manager should learn, according to Victoria Tan, executive director, group sustainability…
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Asia
Risk managers must interrogate insurers’ climate modelling and adaptation measures
Risk managers should challenge climate change consultants on the quality and relevance of their models. They should also press insurers…
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Asia
Insurers and risk managers call for early engagement on GPs
Early engagement is the key to running a successful global insurance programme, according to both risk managers and insurers. The…
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Asia
Global programmes: Clarity not speed is the critical factor in claims
There is a tendency to consider speed of payment as the most important part of the claims process in a…
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Asia
Miller hires McGonagle to build Asia-Pacific power sector business
Miller, the UK-based independent specialist (re)insurance broker, has announced the appointment of Elizabeth McGonagle (Kobes) as head of power, Asia Pacific. Elizabeth…