Magazine Table of Contents
Australian life and non-life insurers’ earnings are likely to fall due to top line pressure and weaker investment revenue according to a new report from Fitch Ratings on the country’s insurance sector.
P&C insurers in China are estimated to have incurred a combined net loss of CNY2.12bn ($318m) for the first three quarters of this year, turning around from a net profit of CNY45.2bn in the corresponding period in 2019.
Coherent, a provider of digital platforms to insurers, has raised U$14m in a Series A funding round led by global VC fund Cathay Innovation, with participation from Franklin Templeton. The funds would help the start-up expand its presence in Asia while also increasing customer reach.
The General Insurance Council has clarified that a notification from the Ministry of Road Transport extending the validity of all vehicle documents from February to 31 December does not include insurance policies.
In 3Q2020, Singapore’s life insurance industry recorded a notable 90.6% increase in new business premiums compared to 2Q2020 according to industry results published by the Life Insurance Association Singapore for the period January to September 2020.
Global consulting and actuarial firm Milliman is set to begin operations in Sri Lanka after acquiring Colombo-based Spark Actuarial. The firm’s new office will support local and international clients with the firm’s full range of actuarial services.
The coronavirus pandemic has spurred the work-from-home culture which, in turn, has increased the cyber vulnerabilities of organisations. This has led to a change in the perception of the role of a risk manager. A new way of working for risk management professionals is emerging.
Globally hundreds of millions of people in 100 cities across the globe could face massive water risks in the next few decades according to a new report by World Wide Fund for Nature (WWF).