A Shanghai court has rejected an appeal by Anbang Insurance Group former chairman, Wu Xiaohui, against a conviction for fundraising fraud and embezzlement that led to an 18-year jail sentence and confiscation of CNY10.5bn ($1.52bn), reports Reuters.
Global economic losses from natural catastrophes and man-made disasters in the first half of 2018 stood at $36bn, according to Swiss Re Institute's preliminary sigma estimates.
Insurance companies are concerned about the lack of clarity in pricing and shortage of time to implement mandatory long-term third party motor insurance for new private vehicles.
Ride-hailing company Go-Jek, e-commerce firm Tokopedia and travel booking startup Traveloka have come...
Australia's largest global insurer QBE Insurance Group yesterday announced its partnership with Jupiter, an...