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Jun 2022

News


Asian

India: COVID fears fan health insurance business

While health insurance premiums totalling INR585.72bn ($7.56bn) were collected by insurers in the financial year ended 31 March 2021 (FY2021), the figure jumped by 25% to INR73.33bn in FY2022, according to a paper prepared by the National Insurance Academy under the finance ministry.
 


Taiwan: Insurers to recognise digital COVID-19 certificates as proof of infection

Taiwan’s two main insurance industry associations have agreed to accept digital COVID-19 certificates of those who have been confirmed as positive as valid proof of infection, ending a standoff with the main financial regulator.
 


Starr Insurance Companies expands in Thailand

Starr Insurance Companies (Starr) announced an agreement with FPG Insurance Holdings Limited (HK) (FPG) and local Thai shareholders to purchase FPG Insurance Public Company Limited (FPG Thailand), a Thai non-life insurance company, together with local Thai parties.
 


Risk

Australia: One in 25 homes could be uninsurable by 2030

One in 25 Australian properties will be effectively uninsurable by 2030 due to rising risks of extreme weather and climate change according to a new analysis by the Climate Council of Australia.
 


Global: Size of ransoms from cyber attacks soar in 2021

The average ransom paid in ransomware attacks in 2021 increased fivefold compared to 2020 according to the annual survey the State of Ransomware 2022 by cyber security firm Sophos.
 


Google poses threat to home insurers

UK home insurers face imminent and huge competition and from big technology companies after a recent poll found that more than a quarter of consumers would purchase an insurance policy from Google.
 




primewire