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Asia tag returned 3268 results

  • Asia: WTW appoints crisis management head

    WTW has appointed Mr William Miller as Asia Pacific head of crisis management. The team in Asia Pacific will be part of WTW's new global line of business that will be set-up on 1 January 2023 with the merger of its special contingency risk (SCR) team and its terror and political violence team as a global crisis management unit earlier this year.

    People | 07 Dec 2022
  • Asia: Aon hires strategy and technology leader

    Aon has appointed Mr John Morley as Asia Pacific growth leader of its strategy and technology group.

    People | 07 Dec 2022
  • Sumitomo Life's declining solvency ratio under scrutiny

    S&P has placed Sumitomo Life's issue ratings on CreditWatch with negative implication, which implies a possible downgrade if the insurer's declining solvency ratio continues to worsen. S&P said this reflects a rising possibility of deferral of interest payments on subordinated notes. This deferral will be triggered by the insurer booking a regulatory solvency margin of less than 200%.

    AIRPlus | 06 Dec 2022
  • Detailed satellite imagery to help insurers monitor crops

    ICRISAT scientists have collaborated with the Asian Development Bank (ADB) to develop high-resolution spatial maps that enable cropland mapping for insurance claims and agriculture policy decision making on targeting regenerative agriculture.

    AIRPlus | 05 Dec 2022
  • Hong Kong: Moody's upgrades FWD Limited's ratings

    Moody's Investors Service has upgraded the issuer rating and senior unsecured debt rating of pan-Asia insurer FWD Limited to 'Baa2' from 'Baa3', as well as the rating of the company's subordinated perpetual capital securities to 'Ba1(hyb)' from 'Ba2(hyb)'. Moody's has also changed the outlook on FWD Limited to 'Stable' from 'Positive'.

    Asia | 05 Dec 2022
  • Climate events cost India $7.6bn in 2021

    In 2021 weather and water-related hazards caused total damage of $35.6bn in Asia. These climatic events affected nearly 50m people in the continent. During the year India suffered economic losses up to $3.2bn due to flooding.

    AIRPlus | 02 Dec 2022
  • Hong Kong sees drop in total gross premiums for first three quarters of 2022

    The Insurance Authority (IA) released provisional statistics of the Hong Kong insurance industry for the first three quarters of 2022, showing a decrease of total gross premiums by 5.1% to HK$432.7bn ($55.4bn) over the corresponding period in 2021.

    AIRPlus | 01 Dec 2022
  • India: 86% of travellers consider travel insurance a necessity

    Interest in travel insurance kindled by the pandemic has sustained and travellers, both for international and domestic destinations, consider travel insurance as an essential part of their travel arrangements.

    AIRPlus | 01 Dec 2022
  • Singapore: General insurance industry to reach $6.6bn by 2026

    The general insurance industry in Singapore is set to grow at a CAGR of 7.2% from S$4.7bn ($3.5bn) in 2021 to S$6.6bn ($5.1bn) in 2026, in terms GWP according to an analysis by the data and analytics company GlobalData.

    AIRPlus | 01 Dec 2022
  • Asia: Aon Reinsurance Solutions names new APAC leaders

    Aon Reinsurance Solutions has appointed Mr Robert De Souza - currently Aon Reinsurance Solutions Australia and New Zealand CEO and chairman of APAC - as APAC president effective 1 January 2023. In this role, he will focus on supporting clients across the region, helping them make better decisions and driving the business strategic growth priorities.

    People | 30 Nov 2022


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