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Liability tag returned 68 results

  • Morocco: Govt works on compulsory health and pension schemes for professionals

    The government has approved a decree setting out a list of professions in the healthcare field, which will be covered in the first phase of the compulsory basic health insurance scheme and which will be included in a pension system for professionals, the self employed and non-wage earning individuals working in the private sector.

    Middle East | 03 Sep 2019
  • Australia: Laws for institutional sexual abuse claims are 'inconsistent', says conference speaker

    Since the outcome of the Royal Commission into Institutional Responses to Child Sexual Abuse, laws in Australia to compensate victims have changed dramatically. The introduction of a national redress scheme (NRS) have made it easier for most insurance claimants to receive some compensation in the form of a recognition payment according to Carroll & O'Dea special counsel Bill Madden who will be addressing this issue at the Australian Insurance Law Association's (AILA) national conference later this year.

    Asia | 29 Aug 2019
  • Total cost of risk up by 2% in 2018 due to rising insurance rates

    Businesses and organisations paid nearly 2% more in 2018 than they did in 2017 to cover the total cost of risk (TCOR), according to the 2019 Risk and Insurance Management Society (RIMS) benchmark survey.

    Asia Risk | 21 Aug 2019
  • Australia: Rising defamation damages could shrink insurance capacity

    An explosion of damages awarded in defamation cases in Australia could see insurance capacity shrink. There is already anecdotal evidence of reduced insurance capacity and availability. According to Victorian Bar Queen's Counsel David Gilbertson this means higher premiums are 'inevitable'.

    Asia | 15 Aug 2019
  • New Zealand: Govt plans huge hike in oil spill insurance coverage

    Offshore oil and gas operators will be required to hold higher levels of insurance to ensure they can cover the cost of an oil spill under proposed new rules announced lsat week by Associate Minister for Transport Julie Anne Genter.

    Asia | 24 Jun 2019
  • China: US$440bn needed over next 3 years to improve rural environment

    China will need to spend CNY3trn ($440bn) over three years to improve village sanitation and clean up its heavily polluted rural environment, reported Reuters citing a report in the official People's Daily.

    Asia | 24 Jun 2019
  • Casualty analytics platform helps insurer perform multi-line risk analysis

    To understand and quantify its liability and loss potential across multiple commercial liability lines of business better, Sompo International is leveraging AIR Worldwide's casualty analytics platform, Arium. As part of their collaboration, AIR is also offering portfolio data coding services to Sompo International that include unique corporate identifiers and geocodes.

    Asia | 20 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
  • Zheshang appoints its 5th chairman in 10 years

    This month, Hangzhou headquartered Zheshang Property & Casualty Insurance marks the 10th anniversary of its establishment and welcomes its fifth chairman for the decade. Ten years on, the insurer is stuck in a quagmire of losses.

    China | 07 Jun 2019
  • Insurers reel from high credit insurance losses

    In recent years, with credit tightening in the Chinese economy, rising non-performing loans in banks and the collapse of scores of online loan platforms, insurers are seeing increased claims ratios in their credit insurance operations.

    China | 31 May 2019


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