Swiss Re has announced the appointment of Sunayana Mahansaria as head client markets life & health India, effective 1 February 2021. The appointment further reinforces Swiss Re's focus on and commitment to building stronger societal resilience through our unique solution offerings in India.
Munich Re has announced two senior appointments in its life and health business in the region. Aravind Srinivas will lead the group's Southeast Asia business and Tobias Frenz takes on responsibility fora newly formed business capability called Digital Solutions.
Delta Insurance Group, with its Asia headquarters in Singapore, and based in New Zealand has expanded its management team, appointing current advisory board member Kent Chaplin as COO to support its global growth plans.
Munich Re has appointed Scott Hawkins as managing director, Australasia. He will be responsible for overseeing the leadership and strategic steering of Munich Re's businesses in Australia and New Zealand, as well as being principal officer of Munich Holdings Australasia. This appointment is effective from 1 April 2021.
To commemorate International Women's Day 2021, Grant Thornton's latest report tracking the global progress of women in senior management surveyed approximately 5,000 mid-market businesses in 29 countries reveals that encouraging progress on gender diversity in business seen globally except the APAC region in 2021.
Munich Re, Google Cloud and Allianz have announced a joint partnership towards pioneering cyber insurance, a first-of-its kind collaboration between a major cloud provider and leading cyber insurance companies. .
Insurance pricing will continue to increase across most business lines globally this year as carriers look to mitigate poor underwriting performance and the uncertainty brought on by the COVID-19 crisis.
The Insurance Regulatory and Development Authority of India (IRDAI) and Indian National Shipowners Association are in talks to develop a protection and indemnity insurance club (P&I club) in India according to a report in the financial daily Business Line. A P&I club is a mutual insurance association that enables risk pooling among members and provides information and representation for its members.
The India Protection Quotient (IPQ) 3.0 survey has revealed that 57% of urban India's salaried professionals feel that the group term life (GTL) insurance cover provided by their employer is sufficient.
FWD Group ("FWD") announced that it has completed its investment in a significant minority stake in PT Asuransi BRI Life ("BRI Life"), the life insurance arm of PT Bank Rakyat Indonesia (Persero) Tbk ("BRI"). As part of this investment, BRI Life has entered into a long-term life insurance distribution agreement with BRI.