Asia Reinsurance Brokers (ARB) has announced the appointment of Mr William Pang as managing director effective from 10 December 2019. Mr Pang will oversee ARB's business portfolio and teams across all territories. He will also be a member of ARB's Board of Management.
The Asian Reinsurers' Summit 2019 opened in Hong Kong yesterday, organised by this year's host China Taiping Insurance.
The Asia Pacific is home to more than 50 volcanoes that may be candidates to produce a VEI 7 eruption in future millennia, according to a report by Aon, a global firm providing a broad range of risk, retirement and health solutions.
In the second part of the 'Dive In' video series, Asia Insurance Review spoke to Dive In event attendees in Singapore to find out how organisations are developing diversity and inclusion in the workplace.
Ninety-five per cent of corporate risk managers and insurance buyers cited data breach as the number one risk, followed closely by cyber-related business interruption (94.5%) and cyber extortion/ransom (89%). These findings were revealed in the 2019 Advisen cyber survey on information security and cyber risk management, released by Zurich Insurance.
AXA Insurance Singapore has announced three new appointments: Mr Jeremy Ong as chief customer and operations officer, Mr Julien Callard as managing director (retail) and Mr Mauricio Coarasa as chief financial officer. Mr Ong's and Mr Coarasa's appointments are effective immediately while Mr Callard's appointment is effective 1 November.
For the long-running and deep collaboration in its partnership with Manulife Vietnam which has resulted in astonishing results through the aligned vision and strategy of placing the customer first, Techcombank was awarded Bank Partner of the Year at the 4th Asia Trusted Life Agents & Advisers Awards.
Within the context of Malaysia, takaful is often seen as way to help increase insurance penetration among the masses but affordability has proven to be a big obstacle in the industry's growth. Several speakers alluded to this at the Takaful Rendezvous 2019 in Kuala Lumpur yesterday, suggesting that both insurers and takaful providers have to find a way to make protection much more affordable for people especially in emerging economies.
Asian insurers are more muted in their optimism about the current investment outlook. This is probably a reflection of the region's greater vulnerability to the risk of an escalating US-China trade tensions, says global investment management corporation BlackRock.
Seeking to strengthen its footprint in the Asia Pacific region, the Worldwide Broker Network (WBN) has welcomed Pacific Prime Insurance Brokers founder and CEO Neil Raymond as a board member.