Allianz Commercial has appointed Ms Jenny Wilhelm as head of distribution for Asia. In her new role, she will work closely with the Asia leadership team to drive the distribution and go-to-market strategies to deliver on overall smart growth ambitions across the Allianz Commercial businesses in Asia.
An estimated 2m to 3m customer records were leaked in a data breach involving Japan's four leading property and casualty insurers, Kyodo News Agency reported, citing sources close to the matter.
The 2024 Singapore Actuarial Conference, themed 'Creating Resilient Actuaries for Tomorrow' explored the challenges and opportunities for actuaries in the insurance industry. This includes developing products and services to meet the needs of individuals, businesses and governments, discussions around sustainability in medical insurance, the use of AI in healthcare and health insurance and the ever-evolving cyber threat landscape.
Australia has dealt with cyber breaches of some major companies including financial and insurance companies, says QBE Insurance.
The Financial Services Commission (FSC) has introduced a roadmap to bring about improvements to IT network security in the financial services industry, the regulator says in a statement.
Cyber incidents are rated as the top risk in South Africa in 2024, with nearly half of businesses selected doing so, according to the Allianz Risk Barometer 2024, the 13th edition to date.
Howden Re has appointed Ms Harriet Gruen as head of cyber threat intelligence. She brings eight years of cyber industry experience.
Composite insurance rates in Asia declined 3% in the second quarter of 2024, following a dip of 2% in 1Q2024, according to the "Global Insurance Market Index" published by the world's biggest insurance broking group Marsh.
Composite insurance rates in the Pacific region, comprising mainly the Australian market, declined by 5% in the second quarter of 2024, after falling by 2% in 1Q2024, according to the "Global Insurance Market Index" published by the world's biggest insurance broking group Marsh.
Gross direct premiums written (GDPW) for cyber insurance is estimated globally at just over $15.7bn in 2023 rising to more than $16bn if captive insurers are also included, says Insuramore, a provider of marketing services and related consultancy with a focus solely on the insurance sector.