Asia
Strong growth for Singapore's life sector
Singapore's life sector grew very strongly in the first half of 2013.
Chinese life insurers 'need to improve risk management'
According to a survey by Towers Watson more work is needed by Chinese life insurers to improve risk management.
Offices close across Hong Kong as typhoon watch 8 is raised
The Hong Kong Observatory raised typhoon watch 8 in the early hours of Wednesday morning as Typhoon Utor headed across the South China Sea. However, as of 2pm the storm Hong Kong time the signal was downgraded to T3 meaning people would be heading back…
South makes Asia senior team promotions at Marsh
Martin South, chief executive officer of Marsh Asia-Pacific, has promoted several key staff in positions across Asia.
AIA appoints Teow in agency role
AIA Group has appointed Patrick Teow to the position of CEO, group agency distribution.
Peak Re makes gains at renewal season
Hong Kong-based reinsurer Peak Re said it welcomed a good 1 July renewal season in the Asia-Pacific region.
Philippines embraces microinsurance guidelines
The Philippine Insurance Commission has issued concrete guidelines to implement the Alternative Dispute Resolution for Microinsurance framework.
Nepal in microinsurance move
Nepal Insurance Board and the German Development Cooperation program have collaborated to help improve the country's microinsurance program.
Hong Kong and South China brace for Tyhoon Utor
The typhoon which struck the Philippines leaving at least two dead and 44 missing is heading towards South-East China and Hong Kong.
Crawford hires Drew for EMEA role
Crawford & Company has recruited Simon Drew, the chief executive of injury claims mediator Inter Resolve, as its new business performance director for Europe, the Middle East, Africa and the Asia Pacific regions.
23 fishermen missing as powerful typhoon strikes the Philippines
23 fishermen have not yet returned home as Typhoon Utor hits the Philippines.
Six killed by Indonesian volcano eruption
Four adults and two children have died after a volcanic eruption on an Indonesian island.
Singapore upgrades growth forecasts
The Singapore economy grew 3.8% in the second quarter of 2013 compared to 0.2% in the first.
India confirms banks can become brokers
The India Regulatory Development Authority has confirmed banks can become brokers and sell the products of several general and life insurers.
Aviva's CEO commits to Asia
Aviva's CEO Mark Wilson has said the business is "making progress in Asia with a more focused approach concentrating on China and South East Asia."
HKFI celebrates 25th anniversary
The great and good of the Hong Kong insurance industry met last night (8 August)at the Conrad hotel in Hong Kong to celebrate the 25th anniversary of the Hong Kong Federation of Insurers.
Allianz grows profits 34% in Asia
Allianz grew its profits 34% in the first half of 2013 compared to the same period of 2012.
China earthquake was Asia's costliest disaster in July
According to Impact Forecasting, part of Aon Benfield, the July Gansu province earthquake in China caused $3.25bn of economic losses.
Monsoon rains cause havoc in the Philippines and Myanmar
Over 120 000 have been displaced in the Philippines and Myanmar following severe flooding from monsoon rains.
AIR Worldwide updates crop models for China and the US
AIR Worldwide has updated its multiple peril crop insurance models for the United States and China.
GFIA supports Indian Insurance Amendment Bill
The Global Federation of Insurance Associations has written to the Indian Prime Minister Dr Manmohan Singh to offer its support for the proposed Indian Insurance Law Amendment Bill.
Life insurance rate-cap removal in China could spur innovation, says Fitch
Ratings agency Fitch welcomes the removal of the 2.5% capo on guaranteed rates by the China Insurance Regulatory Commission.
Axa hails "massive potential" of Chinese car market
Axa's chief financial officer Francois-Valery Lecomte has hailed the huge opportunity in the Chinese motor market.
H7N9 can transmit from human to human, say researchers
According to researchers at the Jiangsu Province Centre for Disease Control and Prevention, the latest strain of bird flu can transmit from human-to-human.