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Oct 2021



China: Insured losses from Henan floods approach $2bn

Massive floods that swept Henan Province in July have led to insured losses estimated at around CNY12.4bn ($1.92bn), a CBIRC official said at a media briefing recently. The direct economic losses are estimated at CNY114.27bn.

India: HDFC Life to acquire Exide Life in biggest insurance deal

India’s largest private insurer HDFC Life Insurance Company recently acquired 100% of the share capital of Exide Life Insurance for INR66.87bn ($912m), making it the largest insurance deal in the country.

Malaysia: Regulator starts consultation on bancassurance

Bank Negara Malaysia (BNM), Malaysia’s central bank, has issued an exposure draft setting out proposed requirements with respect to bancassurance /bancatakaful arrangements, while facilitating the sustainable development of the channel as an avenue for needs-based sales of insurance and takaful products in Malaysia.

New Zealand: Lockton opens office in Auckland

Lockton recently announced the start of its operations in New Zealand by opening an office in Auckland, as it looks to provide customers in the country with more broking options.


Exposure to air pollution linked with increased mental illness

Exposure to traffic-related air pollution is associated with increased mental health illness among people recently diagnosed with psychotic and mood disorders such as schizophrenia and depression according to new research by University of Bristol.

Threefold increase in targeted ransomware attacks in first half of 2021

The number of ransomware attacks surged by 288% between the first and second quarters of 2021 as double extortion attempts grew according to a new report by cyber and software resilience company NCC group.