Price Forbes Singapore has appointed Ms Jennifer Gray as director of professional risks and healthcare. In her new role, she will focus on effectively managing and expanding Price Forbes' professional lines and healthcare portfolio, leveraging her experience to drive growth through both domestic and international markets.
The Insurance Authority and the Saudi Red Sea Authority (SRSA) have signed a cooperation agreement to launch insurance products that cover risks associated with all coastal tourism activities through local insurance companies.
Gallagher has launched alternative risk management solutions in the Abu Dhabi Global Market (ADGM) through its wholly-owned subsidiary, Artex.
WTW has expanded its corporate risk and broking business in Japan with the launch of an insurance brokerage service. The new brokerage operation will be headed by Mr Tetsuro Nakazawa, head of WTW Broker Japan.
The IRDAI has drafted guidelines for a comprehensive insurance fraud monitoring framework for the insurance sector to identify, assess, and mitigate fraud risks effectively across the insurance industry.
The Financial Supervisory Commission (FSC) has announced that as of 15 October 2024, two life insurance companies have applied to adopt the new foreign exchange rate volatility reserve system.
Financial constraints are a significant barrier to preparedness for 38% of Malaysians, with 54% feeling unprepared for climate events such as floods, heatwaves, and landslides, according to the findings of Zurich Malaysia's Climate Resilience Survey.
The IRDAI has issued an advisory to all insurers to check their IT systems for vulnerabilities and take necessary steps to protect the policyholders' data.
Chinese P&C insurers are increasing government bond allocations and reducing capital requirements for credit risks, says Mr Frank Yuen, VP senior credit officer at Moody's Ratings.
The recent floods in the GCC region were an eye-opener for all stakeholders to act to deal with weather-related perils and their impact on the societies and economies of the region, said speakers at the 19th Gulf Insurance Forum in Dubai earlier this week.