Powerful Typhoon Hato cost insurers in Macau nearly $400m (£298m), almost one and a half times the annual gross premium for the small market. Nicky Burridge takes a closer look.
Typhoon Hato has killed 10 people in Hong Kong, Macau and China, injured 121 and will cost Hong Kong at least HK$4bn (£400m) in economic costs.
Following the global ransomware attack named as Wanna Cry in May Asian firms are becoming more interested in cyber insurance.
Insurance Post asked one of Hong Kong's most experienced insurance professionals about her latest role as CEO of Asia Insurance.
Insurers need to have deeper engagement with their customers and understand the technology involved according to a senior panel discussion on customer-centricity at the East Asia Insurance Congress 2016.
The head of Lloyd's Asia-Pacific has described Brexit as "one of the biggest stumbling blocks for globalisation".
Berkshire Hathaway Specialty Insurance has gained an insurance and reinsurance license for Macau.
Swiss Re's general insurance arm Swiss Re Corporate Solutions has been authorised to place general insurance business in or from Hong Kong.
Australian insurance giant QBE saw rates softening on average 3.4% in Asia-Pacific (excluding Australia and New Zealand) in 2015 as competition intensified across the region.
Sydney-headquartered QBE saw a 24% rise in first half after tax profits to $488m (£331m) compared with $392m in the first half of last year.
According to reinsurance giant Swiss Re general insurance premiums in 'emerging Asia' countries are set to grow 12.8% on average in 2015.
Profits at Chinese insurance conglomerate China Taiping in gambling mecca Macau declined year on year in 2013.
A TurboJet ferry traveling from Hong Kong to Macau crashed into a breakwater in Macau harbour on Friday morning injuring 70 people.
Four days of heavy rain in China, Macau and Hong Kong, killed at least 21 people, flooded many areas, disrupted flights and train services.
Editor, Asia at Post Andrew Tjaardstra interviews David Fried, CEO, Asia-Pacific QBE at the Australian insurer’s new regional office in Quarry Bay, Hong Kong.
The chairman of the Monetary Authority of Macau Anselmo Teng Lin Seng has said single motor policies for cars with dual Macau and Guangdong registration plates are unlikely to gain approval.
The Macau insurance industry saw profits of MOP509m ($74m) in 2012, nearly three times the profits in 2011.
HSBC Insurance (Asia) has entered into an agreement to dispose of its general insurance business in Macau to QBE Insurance (International) as the bank continues to sell insurance businesses in Asia.
ING has completed the sale of its Hong Kong, Macau and Thailand insurance businesses to Pacific Century Group for $2.14bn (€1.64bn).
ING has agreed to sell its Hong Kong, Macau and Thailand insurance businesses to Pacific Century Group in a deal worth €1.64bn.
AIA Group achieved 27% growth in the value of new business to reach $232m in the first quarter of 2012.