Asia
HKFI responds to criticism from Consumer Council over travel insurance policies
The Hong Kong Federation of Insurers has welcomed a report by the Consumer Council into high-risk activities covered by travel insurance.
China government catastrophe guarantee 'needed urgently', says Munich Re
He Hua, a catastrophe consultant for Munich Re in China, has called for the industry to put more pressure on the government to introduce a public private partnership to help guarantee the payments of catastrophe claims, especially for large earthquakes.
Insurers' investment income 'dropping quickly'
Low interest rates are hitting insurers hard as bonds mature, and regulators are not keeping up with the new investment environment, said Michael Morrissey, president and CEO of the International Insurance Society.
Typhoon Soulik causes havoc in China
Almost 300 people are missing after heavy rains and wind in mainland China.
Q&A: PARIMA chairman and International SOS group general manager Franck Baron
Insurance Insight caught up with Franck Baron the group general manager, risk management and insurance at International SOS about his new role as chairman of the Pan-Asian Risk & Insurance Management Association (PARIMA).
Chinese insurers urged to become more customer-centric
Tony Compton, head of insurance consulting, mainland China at KPMG has urged Chinese insurers to center their respective business operations around the customer.
AIA opens office in Myanmar
Asia’s third biggest insurer AIA Group has confirmed it will open a representative office in Myanmar, in a bid to target demand in fast-growing South Asian economies.
Howden appoints head of Asia retail business
International broker Howden has appointed of V. Harikes as managing director of its retail businesses across Asia.
Howden hires Asia retail MD
Howden Broking Group has appointed of V. Harikes as managing director of its retail businesses across Asia.
Career file - Damien Coates: Coates swaps roles with Dual deputy chief executive Doyle
Damien Coates is to step down as chief executive of Hyperion Insurance's underwriting arm Dual, after agreeing to swap roles with the firm's deputy CEO Shane Doyle.
Employment: Port in a storm?
Does the insurance sector’s resilience in a difficult economic climate make it a safe haven for employees, or are industry staff in as much peril as the rest of the UK workforce?
Cosmos Services acquires 15% stake in SART
Hong Kong-based broker Cosmos Services has acquired a 15% stake in SART Holdings, the Hong Kong based business of Aquila Underwriting.
Oriental Insurance to lead flood-claims assessment in India
Oriental Insurance is thought to be assessing the claims arising from the devastating floods in Uttarakhand, on behalf of all four PSU general insurers, according to an industry source.
Whiplash fraud “minimal” in Hong Kong says Kwiksure
Suspected whiplash frauds remain minimal in number in Hong Kong according to data from Asian broker Kwiksure.
Police stop one man’s three-year motor-fraud spree
Police in China finally caught up with a man who crashed a car on average every three days for almost three years as part of an insurance scam.
GIC Re launches hazard map after flooding “wake up call”
Devastating floods in the Indian state of Utterakhand has prompted Indian reinsurer GIC Re to unveil a new hazard map.
Low-levels of insurance could belie true cost of North-India flooding disaster
Uttarakhand now faces the challenge of settling the large number of claims likely to be filed in the wake of the devastating floods.
Indian insurance sector set for premium spike
Direct insurance premiums will climb 11% over the next four years according to Indian Chamber of Commerce president Rajiv Mundhra.
Sumatran earthquake unlikely to see significant insured losses
AIR Worldwide is not expecting significant insured losses following Tuesday’s magnitude 6.1 earthquake in Sumatra.
China’s insurance industry needs reform, says regulator
China’s insurance industry would benefit from reforms which could see the rate of growth increase, the head of the China Regulatory Commission has said.
Relocation: The ex-pat factor
Following the news Allianz Insurance chief executive Andrew Torrance is moving to the US, Post quizzed senior British insurance professionals who have moved overseas on what he can expect.
Blog: The golden age of insurance?
With the global population surging, natural disasters increasing in frequency and a growing demand on natural resources, what role can the insurance industry play in the planet's future? Rowan Douglas explains.
AIG appoints major account manager in Asia Pacific
Rudi Spaan has been appointed head of brokerage distribution and client management, Asia Pacific at AIG.
Towers Watson reveals insurers unprepared for emerging tech trends
Insurers feel less prepared to deal with threats arising from social media and big data than they do about more familiar ones.