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  • Women in Insurance Award launched

    The Zurich-headquartered insurance industry think tank Geneva Association has launched a Women in Insurance Award.

    Asia | 10 Dec 2019
  • Investing in the global disaster protection gap

    A new impact fund named the Natural Disaster Fund (NDF) Deutschland has been formed jointly by Global Parametrics (GP) and the German Federal Ministry for Economic Cooperation and Development (BMZ) in partnership with the German Development Bank (KfW) and Hannover Re.

    Asia | 09 Dec 2019
  • Mitigating reputation damage in a cyber attack - webinar offers tips

    In the event of a cyber breach, it is advisable to notify customers even in the absence of legal obligation to do so. Customers being notified can actually assist in mitigating reputation damage, said speakers at the latest Emergence Insurance webinar for brokers.

    Asia | 09 Dec 2019
  • Major accounting change for global reinsurer

    Zurich-headquartered Swiss Re Group has decided that its consolidated financial statements will be prepared in accordance with International Financial Reporting Standards (IFRS) from 1 January 2024.

    Asia | 09 Dec 2019
  • Four geopolitical risks could cripple marine insurance, says IUMI report

    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.

    Asia | 06 Dec 2019
  • Global reinsurer finds buyer for UK subsidiary

    Swiss Re has finally agreed to sell its closed life business ReAssure Group valued at GBP3.25bn ($4.28bn) to Phoenix Group. The deal will offer Swiss Re a cash payment of GBP1.2bn, shares in Phoenix representing a 13% to 17% stake and entitlement to a seat on its board of directors. The transaction is expected to close in mid-2020 subject to approvals by Phoenix's shareholders, regulators and anti-trust authorities.

    Asia | 06 Dec 2019
  • P&I clubs in a low-growth world

    "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.

    Asia | 06 Dec 2019
  • Clubs are a big buyer of (captive) reinsurance

    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)."

    Asia | 06 Dec 2019
  • Global: Daiichi Life invests in World Bank bonds to highlight the challenge of plastics in oceans

    Japan's Daiichi Life Insurance is investing in a five-year Sustainable Development Bond issued by the World Bank to highlight the vital role of the world's freshwater and marine resources and the importance of addressing water and ocean pollution, including plastic waste in oceans.

    Asia | 06 Dec 2019
  • Global: Reinsurers advise insurers to charge vapers higher premiums

    Global reinsurers are stepping up warnings to their life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them altogether, reported Reuters.

    Agents | 05 Dec 2019


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