Magazine

Feb 2020

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News


Asian

Australia: Govt proposes inquiry into bushfires as insured losses mount

Ongoing Australian bushfires, which started last September, have caused insured losses of nearly A$1bn ($690m).
 


China: Multi-level pension system needed

The government needs to establish a multi-level pension system that is compatible with an ageing society, say academics at two universities in Beijing. 
 


Indonesia: OJK to tighten investments by insurers

The Financial Services Authority (OJK) plans to tighten investment practices in nonbank financial institutions (NBFIs), including insurers.
 


Japan: Non-life giant to hike insurance premiums

Japan’s biggest non-life insurer Tokio Marine will have to raise fire insurance premiums following huge natural disasters in recent years, the company’s president Mr Satoru Komiya has said.
 


Philippines: CAT pool talk as Taal rumbles on

Discussions are underway to form a catastrophe insurance pool in the Philippines as the local market looks to find a more sustainable solution for CAT coverage amid soft property rates.
 


5th Asia Trusted Life Agents & Advisers Awards opens for nominations

The 5th Asia Trusted Life Agents & Advisers Awards, the region’s most prestigious Awards recognising the best in financial advisory with an independently-audited judging process, is now open for nominations.
 


Asian

Obituary - A tribute to Indonesia reinsurance veteran Frans Sahusilawane

Reasuransi Indonesia Utama (Indonesia Re) CEO Frans Y Sahusilawane passed away at the age of 67 on 21 January in Jakarta. He had played an influential role in the development of insurance and reinsurance in Indonesia.
 


Risk

Regulatory risk and economic uncertainty top the list of risks for 2020

Regulatory risk and economic uncertainty have topped a poll for 2020 conducted by the consultancy Protiviti as the top threats, according to business executives.
 


Despite widespread concerns over data security, half of firms lack cyber security officers

According to new research from security company White Hat Security almost 50% of the coding and development teams surveyed lack a dedicated cyber security expert.