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Liability tag returned 93 results

  • Study finds driverless cars reduce drunk driving, but increase binge drinking

    A news report published on https://medicalxpress.com/news/2020-03-driverless-cars-drunk-binge.html says the introduction of driverless cars is likely to bring down drink-driving rates but it could lead to greater levels of binge drinking.

    Asia Risk | 01 Apr 2020
  • Singapore: general insurance sector achieves stable growth, more claims paid out in 2019

    The General Insurance Association of Singapore (GIA) announced that the sector achieved stable growth with 7.6% annual growth in gross written premiums, totalling S$4.10 billion as at 31 December 2019. The sector paid out 12.2%, or S$159 million, more in insurance claims in 2019, which contributed to the sector recording an underwriting loss of S$28 million.

    Agents | 25 Mar 2020
  • Lloyd's collates coronavirus loss data

    Lloyd's of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus. This would help the insurance market understand its possible overall losses from the impact of the pandemic.

    Asia Risk | 18 Mar 2020
  • PARIMA wants risk managers to stress test insurance programmes for COVID-19 triggers

    Pan-Asia Risk & Insurance Management Association (PARIMA) chairman and group deputy director, risk management and insurance at International SOS Franck Baron has called upon risk managers to stress test their insurance programmes to assess how coverage may be triggered for losses caused by coronavirus (Covid-19).

    Asia Risk | 18 Mar 2020
  • ChangAn P&C moves registered HQ to Anhui

    ChangAn P&C Insurance, reinvigorated following a capital injection last year, has moved its registered headquarters from Beijing to Bengbu, a mid-sized city in Anhui Province. This makes the insurer the second insurance company to have its registered headquarters in the province.

    China | 21 Feb 2020
  • China bears US$900bn a year in costs of air pollution from fossil fuels

    Air pollution caused by fossil fuels is costing China $900bn each year, through greater likelihood of respiratory and non-communicable diseases, years of life lost through premature deaths, and when people miss work, according to a new study released by environmental advocacy group Greenpeace and the Centre for Research on Energy and Clean Air.

    China | 21 Feb 2020
  • Asia: Insurance pricing shows highest composite increase in 5 years

    Insurance pricing in the fourth quarter of 2019 in Asia increased by 6% year-over-year, the largest composite increase in the region in five years, according to Marsh's Global Insurance Market Index for 4Q2019.

    Asia | 19 Feb 2020
  • Pacific: Region shows highest insurance pricing increase in 4Q2019

    Insurance pricing in the fourth quarter of 2019 in the Pacific region, which is dominated by the Australian market, increased by 20%, continuing an upward trend that began in 2015, according to Marsh's Global Insurance Market Index for 4Q2019.

    Asia | 18 Feb 2020
  • Indonesia: Govt to establish agency to provide guarantees to protect policyholders

    The government is preparing to establish an agency that can act as a guarantor of insurance companies, to protect the interests of policyholders, according to deputy finance minister Suahasil Nazara.

    Asia | 16 Jan 2020
  • Increased competition in litigation-related liability cover drives premium rates lower

    Insurance companies are competing in providing litigation-related liability cover to facilitate litigation and arbitration proceedings, notes the Chinese legal services firm, AnJie Law Firm.

    China | 10 Jan 2020

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