Read the latest edition of AIR and MEIR as an Interactive e-book

Jul 2021



Asia: Hybrid SIRC planned for this year

Plans are afoot to hold this year’s Singapore International Reinsurance Conference (SIRC) as a hybrid event – according to the event organisers, the Singapore Reinsurers’ Association (SRA).

China: CBIRC rules for crisis resolution by insurers emphasise self-reliance

Insurance companies, banks and other financial entities have been directed to draw up and submit to the CBIRC their first-ever recovery plans by the end of August next year so as to strengthen crisis awareness and the crisis response capabilities of financial institutions.

Hong Kong: FWD seeks US IPO

PCGI Intermediate, the parent company of FWD Group and FWD, has filed confidentially for a US initial public offering, moving ahead with preparations for a long-awaited listing, according to a report by Bloomberg.

India: IRDAI requires insurance intermediaries to have professional indemnity cover

Insurance intermediaries engaged in the distribution of insurance products and solicitation will have to take out professional indemnity (PI) cover, under new rules issued by the IRDAI set to take effect from 1 July.

Malaysia: Generali to acquire AXA Affin and become second largest general insurer

Generali has agreed to purchase the majority of shares held by AXA and Affin as part of a joint venture, while also submitting an application to the local regulator to acquire the remaining shares of MPI Generali Insurans held by its Malaysian joint venture partner, Multi-Purpose Capital.


People risk intensified on back of pandemic

People risk and the challenge of finding adequately skilled and qualified labour has been exacerbated by COVID-19 and the acceleration in the shift towards a more digital economy in Italy. According to the latest research by EY, Pearson and Manpower Group, during the last decade, Italian companies have found it increasingly difficult to get workers with the desired skills in the domestic labour market. Prior to the pandemic, businesses were struggling to find 25% of the required professionals.

Insurance can help restore mangrove as coastal defences

Insurance could cost-effectively help protect and restore mangrove forests, which can offer increased resilience and protect against coastal flooding according to a report published by The Nature Conservancy and University of California and supported by AXA XL.