Asia Pacific: Direct economic cost of Nat CAT exceeds US$100bn in the region last year The total direct economic cost of natural disasters in Asia Pacific (APAC) has been listed at $101bn for 2020, says Aon in its global "Weather, Climate & Catastrophe Insight: 2020 Annual Report"...
Japan: Reduction of market risk crucial for life insurers to sustain corporate value growth Heightened market risk amid low interest rates and prolonged economic uncertainty likely will...
India: Regulator directs insurers to offer standard annuity plan from 1 April The IRDAI has made it mandatory for all life insurers to offer from 1 April a standard annuity...
China: Pandemic rises to become top business risk Pandemic outbreak (#1 with 36% responses) rises six spots to be the top business risk in China, the...
Australia: Revised prudential standard for insurance in superannuation expected to take effect next 1 Jan The Australian Prudential Regulation Authority (APRA) has said that the revised Prudential...
Singapore: Insurers to cover hospitalisation costs incurred due to COVID-19 vaccination complications
Australia: Fitch says overall COVID-19 losses will be manageable for insurers Business interruption (BI) claims are likely to be the largest source of pandemic-related claims...
China: Financial regulator encourages insurers to cooperate with Internet-based platforms Regulators still support insurers and banks cooperating with Internet-based platforms, despite...