Asia
Xchanging expands Apac footprint
Business process outsourcing provider Xchanging is to open delivery centres in China and the Philippines.
Xchanging unveils Apac expansion plans
Technology services provider Xchanging is to open two new delivery centres in the Philippines and China.
Linuo Power in solar warranty deal with Aon's China JV
International photovoltaic firm Linuo Power has launched warranty cover for solar modules supplied by Aon-Cofco, a joint venture between broker Aon and state-owned Chinese conglomerate Cofco Group.
GC develops industrial park database after Thailand losses
Guy Carpenter has developed a database of industrial estates in China, Taiwan, Thailand and Indonesia to help clients identify and evaluate potential risks in the region.
Top five Asian news stories
The top five Asian news stories on www.insuranceinsight.com over the past seven days.
Reinsurers have appetite for Asia-Pac business despite 2011 losses
The first three quarters of 2012 have proved relatively benign in terms of Asia Pacific insured catastrophe losses, according to a new Guy Carpenter report.
Singapore government to subsidise political risk cover for selected firms
A Singapore government agency has launched a political risk insurance scheme to help Singapore-based companies protect projects and investments as they grow overseas.
Philippines GI industry wants tax break on microinsurance
General insurers in the Philippines are lobbying for lower taxes on premiums as an incentive to offer microinsurance.
Technology-centric business models key to insurer survival
Continued economic pressure will force insurers to take a more innovative approach to the role of technology in decision-making and operations, according to a new report from technology research firm Ovum.
Guy Carpenter probes causes of Thailand flood losses
Guy Carpenter has published an in-depth review of the meteorological and man-made factors that contributed to the 2011 Thailand flood catastrophe and resulting insured losses, estimated at between $15bn and $20bn.
Aon Benfield launches Thailand flood model
Global broker Aon Benfield has launched a flood model for Thailand to help global insurers better understand their exposures in the region.
Axa reports P&C growth in Turkey, Mexico and Gulf with Q3 results
Axa Group has reported total revenues up 1% to €68.4bn for the first nine months of 2012.
Western sanctions threaten to halt Iran's shipping industry
Western sanctions are jeopardising Iran's vital shipping industry, and the country's biggest cargo carrier will face serious problems if the pressure continues, according to the head of the Islamic Republic of Iran Shipping Lines.
Indian FDI raise could drive broker M&A
India's insurance broking industry may see a rise in mergers and acquisitions if the proposed increase in the foreign direct investment limit is passed by parliament, according industry sources.
Demand for transactional risk cover up 35% in 12 months
Businesses globally are increasingly turning to the insurance market for transactional risk protection in a bid to shield revenue and assets from the risks faced on acquisition and exit or sale, according to a report published today by Marsh.
JLT's Q3 profit warning indicates challenges ahead
Jardine Lloyd Thompson faces significant challenges to its ambition to be a top three global player, according to an Investec analyst note.
BrokersLink launches supply chain tool
BrokersLink has launched Specialized Resources, a risk management service which it says will give members access to tools to help clients identify and quantify potential supply chain risks.
ING sells Hong Kong and Thailand units to Li's Pacific Century Group
ING has agreed to sell its Hong Kong, Macau and Thailand insurance businesses to Pacific Century Group in a deal worth €1.64bn.
Hong Kong insurers face stricter outsourcing rules
Hong Kong-based insurers will have to comply with new rules governing outsourcing from January 2013.
Indonesia or bust?
Indonesia offers considerable opportunities for foreign insurers, but the market is not without challenges.
ING reportedly close to sale of Thailand and Hong Kong units
ING Group is nearing an agreement to sell its Hong Kong and Thailand insurance businesses to Richard Li, Reuters reported today, quoting sources close to the matter.
Pakistan working to develop microinsurance guidelines
Pakistan's Securities and Exchange Commission is formulating a regulatory framework for the micro-insurance sector to meet the needs of low-income citizens.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
Willis appoints Plumeri successor
Willis' board of directors has chosen Dominic Casserley, pictured, as the company's next chief executive.