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Financial Lines tag returned 83 results

  • Fund to be set up to support financial services for SMEs

    China's Ministry of Finance will set up a special incentive fund to provide CNY2bn ($290m) annually for local authorities to support financial services for small and micro businesses.

    China | 02 Aug 2019
  • InsurTech will help stabilise risk in consumer credit market

    China's online consumer credit market will see rapid growth in the near future and insurance technology will play an increasingly important role as a "risk stabilizer" for inclusive finance, industry insiders say.

    China | 02 Aug 2019
  • India: Banks are now keener on insurance to mitigate fraud losses

    Banks in India are opting for higher limits for covers related to employee fraud, according to two senior executives of Marsh India Insurance Brokers.

    Asia | 02 Aug 2019
  • Major exit for insurer in the Pacific region

    Allianz Global Corporate & Specialty Pacific (AGCS Pacific) has decided to cease underwriting of long tail risks in Australia and close its operations in New Zealand with effect from 1 September this year, following a strategic review of the business. This decision concerns only the financial lines and liability divisions of AGCS Australia and AGCS New Zealand.

    Asia | 04 Jul 2019
  • Opportunities and risks in financial innovations

    International Monetary Fund (IMF) managing director Ms Christine Lagarde has said "Asia, like the rest of the world, is facing a defining moment: How to manage the risks of fintech without suffocating innovation; how to keep up with rapid fintech innovation, while making sure consumers and investors feel secure in their investments.

    Asia Risk | 12 Jun 2019
  • D&O liability insurance business on verge of take-off

    Among the more than 3,600 listed companies in the current A-share market, fewer than 300 currently acquire D&O liability insurance. In contrast, the insurance coverage rate is over 96% for listed US companies.

    China | 07 Jun 2019
  • C-level executives major targets of 'social engineering' attacks

    The 12th edition of Verizon Data Breach Investigations Report (DBIR) released in May 2019, is built on real-world data from 41,686 security incidents and 2,013 data breaches provided by 73 data sources, both public and private entities, spanning 86 countries worldwide.

    Asia Risk | 15 May 2019
  • Healthcare and financial services face the greatest impact from cyberattacks

    Hospitals and banks potentially face the greatest financial impact from cyberattacks and this could lead to a weakened credit profile of the institution.

    Asia Risk | 10 Apr 2019
  • Zheshang P&C Insurance continues to post big losses

    Hangzhou-based Zheshang Property and Casualty Insurance, which was at the heart of a multimillion yuan bond default debacle which erupted in late 2016, has reported net losses of CNY792m ($118.5m) for 2018.

    China | 22 Mar 2019
  • China: Central bank proposes new deposit insurance agency

    The financial stability bureau of China's central bank has presented a proposal to lawmakers to establish an independent deposit insurance agency covering financial institutions that accept deposits from the public.

    Asia | 19 Mar 2019

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