Companies across Asia face increased scrutiny on data privacy and cybercrime as governments in the region either strengthen existing laws, or create new ones, in response to the increased frequency and severity of cyber-attacks, Marsh said in its report Cybercrime in Asia: A Changing Regulatory Environment.
With about a month to go, about 1,200 delegates have already registered for the 27th East Asian Insurance Congress which will be held in Taipei from 2 to 6 November.
Allied World Assurance Company Ltd has reached an agreement to acquire the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc (RSA) for approximately US$215 million.
The ASEAN Capital Markets Forum (ACMF) has announced that the ASEAN Framework for cross-border offering of collective investment schemes (CIS) is now operational in Malaysia, Singapore and Thailand (member jurisdictions).
QBE has launched an online insurance portal in Singapore and Hong Kong that will enable agents and brokers to transact insurance directly with the insurer, along with a new insurance product for small and medium enterprises (SMEs).
For the first time, construction in emerging markets is now outpacing developed markets, according to new research by AIG.
Following a successful launch in 2013, the Construction Consortium at Lloyd's has been extended to operate from the Lloyd's Asia platform.
XL Group has announced the transfer of Mr Alex Smith, Kidnap and Ransom underwriter, to Asia to establish the group's Kidnap and Ransom insurance capability in the region and boost its local Crisis Management team.
QBE will sell off or float businesses in US, central and eastern Europe as well as in Australia as it works to get back on track after posting a net profit of US$392 million for the six months to June, down 18% from $477 million for the same period a year earlier, reported Herald Sun.
The Chinese Government has awarded Lloyd's China a licence to establish a branch office in Beijing which will enhance local access to international specialist (re)insurance expertise.
Although mainland China is noted to be a very challenging market for foreign insurers, the country is still seen to be offering a compelling opportunity for them, said a new EY report, Future Directions for Foreign Insurance Companies in mainland China 2014.
China Property and Casualty Reinsurance Company (China Re P&C) will work with RMS to reduce the uncertainty in the RMS China Typhoon model.
Latitude Brokers Ltd, previously the Marine Division of Cooper Gay Asia, has been launched as a separate entity. The newly incorporated and independently branded company is now conducting business in the Asia Pacific region.
12 winners are unveiled at the inaugural "The Hong Kong Insurance Awards" which was launched by the Hong Kong Federation of Insurers (HKFI) with Asia Insurance Review as a media partner and co-launcher, local radio channel, Metro Finance (FM 104).
India's national reinsurer, GIC Re, has decided to further expand its operations in Bhutan as well as in the SAARC (South Asian Association for Regional Cooperation) region.
The Indonesian government plans to launch a new state reinsurer next month to manage domestic reinsurance needs that have until now been met by foreign companies.
PT Bank Victoria International Tbk and PT Finansial Wiramitra Danadyaksa (FWD Life Indonesia), a strategic alliance of FWD Group, have signed a bancassurance partnership agreement.
The increased costs resulting from typhoons and torrential rain have prompted Japan's non-life insurance companies to do a radical rethink on the length of policy coverage they will offer.
The overseas operations of South Korean insurance companies swung to a combined net loss in the first half of this year, due mainly to an increase in insurance payouts, the Financial Supervisory Service (FSS) said.
The World Bank has an interest in developing the insurance market in Myanmar and will help the country do so, reported Eleven Myanmar.
The insurance penetration level in Pakistan which is currently at 0.9% of GDP is set to get a boost with the regulator, the Securities and Exchange Commission of Pakistan (SECP), granting two takaful licenses to conventional players in the market and another 10 applications being processed by the regulator.
The Financial Supervisory Commission (FSC), Taiwan's top financial regulator, said that non-investment life insurance policy holders in Taiwan are allowed to swap their policies into other categories, such as health insurance, long-term care insurance and annuities, reported the Central News Agency.