WTW has appointed Mr Tushar Gupta as head of FINEX India. This is in addition to his current role as head of financial institutions, Southeast Asia and India in WTW's Corporate Risk and Broking business.
The changing middle class and effects of climate change are forcing the insurance industry into a constant state of transformation, said NEC Asia Pacific's Value Chain innovation Lab senior director of digital finance Kunihiko Amako in an interview with Asia Insurance Review.
The Asian Development Bank has come out with a report on Cambodia's disaster risk financing that also highlights the nation's vulnerabilities to natural disasters and the urgent need for robust financial mechanisms.
The annual Global Risk Report Executive Opinion Survey conducted by Zurich Insurance has revealed that economic downturns, such as recessions and stagnation, alongside concerns around the increasing frequency of weather events, natural disasters and labour and talent shortages, remain the most pressing concerns for businesses across the Asia-Pacific (APAC) region over the next two years
The first update to the National Seismic Hazard Assessment of Australia since 2018 has been released by Geoscience Australia. It identifies Darwin and the eastern highlands through into Latrobe Valley as areas where there is a higher risk of strong ground shaking.
Thailand's National Cyber Security Agency (NCSA) is actively working to establish a cyber fraud insurance framework to face the growing threats from burgeoning cyber risks and data breaches. This initiative is expected to aid organisations in the country in managing their cyber risks as detailed in the country's Cybersecurity Act and Personal Data Protection Act.
At least 14 insurance companies in China have issued bonds to supplement their capital this year, with the scale of bond issuance exceeding CNY100bn ($13.7bn).
Economic downturns, such as recessions and stagnation, alongside the concern for the increasing frequency of weather events, natural disasters and labour and talent shortages, remain the most pressing concerns for businesses across the Asia Pacific (APAC) region over the next two years.
Morocco is banking on digitalisation as a strategic lever to expand access to insurance, the president of the Insurance and Social Security Supervisory Authority (ACAPS), Mr Abderrahim Chaffai, has said.
China United Property Insurance (CUPI) has announced that it had successfully issued CNY6bn ($825m) of capital supplementary bonds in the national interbank bond market.