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Feb 2021



6th Asia Trusted Life Agents & Advisers Awards opens for nominations

The 6th Asia Trusted Life Agents & Advisers Awards, the region’s most prestigious awards recognising the best in financial advisory with an independently-audited judging process, are now open for nominations.

Australia: Latest estimates for 2020 hailstorms puts losses at $1.5bn

The final estimate for insurance market losses from the January 2020 Australian hailstorms has come in at AUD$1.88bn ($1.5bn), according to calculations by PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data.

China: Broader product mix can boost health insurance business

Insurers can grow short-term health insurance by broadening the product mix, serving specific groups such as older people, and bundling insurance with healthcare services, says Swiss Re Institute.

India: Drug makers buying clinical trial liability insurance

Several pharmaceutical companies are acquiring insurance cover from domestic general insurers for their clinical trials to develop vaccines, including COVID-19 vaccines.

Singapore: HSBC, Etiqa among bidders for AXA Singapore

HSBC Holdings and Maybank-owned Etiqa are among the frontrunners to acquire AXA’s business in Singapore, according to a recent report by Bloomberg.

Thailand: Digital broker rebrands

Thailand’s digital broker,, has rebranded as bolttech as part of its deeper integration with the bolttech Group, an international InsurTech business.


Climate change may intensify floods in southern India

Climate change is likely to cause an uneven shifting of the tropical rain belt – a narrow band of heavy precipitation near the Equator – leading to increased flooding in parts of India according to a new study published in the journal Nature Climate Change.

Barometer lists top risks for the region

Cyber incidents (No. 1 with 41% responses), pandemic outbreak (No. 2 with 39%) and business interruption (No. 3 with 38%) have skyrocketed to the top three business risks in Asia Pacific, according to the Allianz Risk Barometer 2021.