Marsh has announced the appointment of Paulo Garcia as Marsh Philippines CEO. He succeeds Ramon Zandueta who has been appointed Marsh Philippines chairman. Both Mr Garcia and Mr Zandueta, who took up their appointments on January 1, 2021, will be based in Manila and report to Marsh South Asia CEO James Addington-Smith.
Aon has announced that Ms Jennifer Law has joined its Asia Pacific capital advisory unit within reinsurance solutions.
India is likely to link motor insurance premiums with traffic violations as recommended by a working group of Insurance Regulatory and Development Authority of India (IRDAI).
The Max Life India Protection Quotient 3.0 (IPQ 3.0) survey conducted by private life player Max Life in partnership with consultancy firm Kantar has revealed a positive movement of four points in urban India on the protection quotient scale from 35 (IPQ 2.0) to 39. The survey also found that in the backdrop of COVID-19, the country continues to feel financially insecure.
The latest incarnation of India's government-sponsored agricultural insurance programme, PMFBY, has been around for almost five years now. While it has successfully addressed some of the inefficiencies that plagued the sector in years past, there remains room for improvement.
Climate change is likely to cause an uneven shifting of the tropical rain belt - a narrow band of heavy precipitation near the Equator - leading to increased flooding in parts of India according to a new study published in the journal Nature Climate Change.
Jaslyn Ng, three-time Court of the Table producer, Financial Services Manager and Asia's Top 5 Rookie Insurance Agent at the 4th Asia Trusted Life Agents & Advisers Awards, has a good 15% of her clientele base consisting of C-level executives.
A trio of Covid-19 related risks ranks at the top of Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic. Business interruption (#1 with 41% responses) and Pandemic outbreak (#2 with 40%) are this year's top global business risks with Cyber incidents (#3 with 40%) ranking a close third.
Cyber incidents (#1 with 41% responses), pandemic outbreak (#2 with 39%) and business interruption (#3 with 38%) have skyrocketed to the top three business risks in Asia Pacific, according to the Allianz Risk Barometer 2021.
Driven by continued capital market recovery and new equity issuance, global reinsurer capital had returned to its pre-pandemic high of $625bn at the end of September.