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Sep 2022



Asia: Insurance pricing in region rises by 3% in Q2

Insurance pricing in the second quarter of 2022 in Asia increased by 3%, the same pace as in 1Q2022, according to the 2Q2022 ‘Global Insurance Market Index’ report released by Marsh.

Japan: Tokio Marine sounds alert on COVID-related losses in Taiwan

Tokio Marine Holdings has announced that the group will report a loss of JPY53.9bn ($405.8m) in the quarter ending 30 September due to COVID-19 claims incurred by its insurance unit in Taiwan.

Singapore: AM Best upgrades Singapore Re's ratings on appeal

AM Best has upgraded the financial strength rating to A (excellent) from A- (excellent) and the long-term Issuer credit rating of “a” (excellent) from “a-” (excellent) of Singapore Reinsurance Corporation (Singapore Re). The outlook of these credit ratings is ‘stable’.


Cyber security and data privacy top people-related risk in Asia

Cyber security and data privacy followed by pandemics and other communicable diseases, and administration and fiduciary risks are now ranked as the top people-related risk by companies in Asia.

Semiconductor industry supply chain risks

A recent survey has found that the ramifications of the semiconductor industry supply chain crisis have been exacerbated by the conflict in Ukraine. The semiconductor industry serves as a major driver in the global economy.

Australia: 20 top financial and business bodies agree on need for sustainability reporting standards

Twenty influential business and finance peak bodies, including the Insurance Council of Australia and the Financial Services Council, have come to an unprecedented consensus on the need for sustainability reporting including action on climate risk through a new reporting regime that aims to set a global baseline.