The future of the global marine insurance sector remains uncertain against a risk landscape marred by the ongoing US-China trade conflicts, hostilities in the Middle East, rising levels of debt and political insecurity in many areas.
"The P&I system is doing a fantastic job of providing affordable insurance to ship owners," said BW Group chairman Andreas Sohmen-Pao at the International Group of P&I clubs inaugural VIP briefing in Singapore yesterday.
AIG has announced the appointment of Alex Todd as Asia Pacific head of commercial property.
Ping An's overseas investment arm Ping An Global Voyager Fund has led a $70m Series D funding in Indian auto technology company CarDekho alongside Sequoia Capital and Hillhouse Capital. This is the insurance group's first venture investment in India.
The International Group of P&I clubs (IG) chairman Paul Jennings, speaking at its inaugural VIP briefing in Singapore yesterday, noted that the choice of Singapore as the launch pad for the event was a testament to "the importance of Asia to the future of protection and indemnity (P&I)."
Bermuda-based Catalina has reached an in-principle agreement to acquire Singapore-headquartered reinsurer Asia Capital Re (ACR). The acquisition is expected to close in the first half of 2020, subject to regulatory and all other approvals.
At the Singapore FinTech Festival, we talked to Hong Kong-based insurer CoverGo about their choice to create a plug-n-play API framework for insurers all over Asia.
The number of people who remain unvaccinated - the vaccination gap - is emerging as one of the greatest new risks faced by society. Failure to vaccinate could lead to contagious diseases spreading like wildfire.
From 1 December government buildings in seismically-active Indonesia will be insured by a consortium of 56 insurance companies for the first time.
Strong sales in whole life, term life and cancer insurance in Japan has led to a significant jump in the number of new individual life insurance policies and the amount of benefits coverage for FY2018, revealed latest figures from the 'Life Insurance Fact Book (2019)' published by The Life Insurance Association of Japan.