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Liability tag returned 81 results

  • Taiwan: Mandatory insurance for Uber Eats, Foodpanda drivers

    Taiwan's Ministry of Labour (MOL) has reacted to the death of two delivery drivers from Uber Eats and Foodpanda in traffic accidents by telling food delivery companies they must compulsorily insure their delivery drivers during working hours, reported the Central News Agency. This will require these companies to purchase both personal insurance and non-life insurance for their drivers.

    Asia | 05 Dec 2019
  • Japan compels cyclists and bike rental companies to buy liability insurance

    Japan is seeing increased use of bicycles amidst a national fitness boom, although it has led to more accidents, serious injuries and even deaths. A series of court rulings have ordered substantial pay-outs when pedestrians get killed or are seriously injured in accidents and insurance plays a significant role in helping bicycle users shoulder such financial costs.

    Asia | 02 Dec 2019
  • Saudi Arabia: Implementation of standard IDI policy imminent

    The Saudi Ministry of Municipality & Rural Affairs and Saudi Arabian Monetary Authority (SAMA) have jointly been developing a new standard inherent defects insurance (IDI) policy, which is anticipated to be made available at some point from this month or early 2020, says the international law firm HFW.

    Middle East | 01 Dec 2019
  • Moody's highlights 2020 non-motor growth areas

    Non-motor premiums in China will continue their strong growth of recent years from a broad range of business lines in the next 12-18 months, predicts Moody's Investors Service in a report on the P&C insurance sector.

    China | 29 Nov 2019
  • Can reputation be effectively measured and insured?

    Reputation is a complex risk for insurers to quantify and insure given that it is intangible and often a by-product of another risk. In order for it to be underwritten, both (re)insurers and corporates would need a good understanding of the company's network of customers, partners, suppliers, peers and investors. That is according to a research paper produced by analytics company Russell, which deliberated on how reputation could be computed and insured.

    AIRPlus | 07 Nov 2019
  • Australia: Non-life insurers work to improve PI insurance in building sector

    The Insurance Council of Australia (ICA) is working with governments to improve conditions in the professional indemnity insurance (PII) market in the construction industry and restore insurers' confidence in the building sector, but expects that a cladding exclusion may be required beyond the currently prescribed date.

    Asia | 07 Nov 2019
  • Saudi Arabia: Construction insurance policy to be introduced on 20 Dec

    The Ministry of Municipal and Rural Affairs will start activating on 20 December the insurance policy for buildings under construction, according to Mr Khalid bin Mohammed Al-Jammaz, the Undersecretary in charge of technical affairs.

    Middle East | 27 Oct 2019
  • China: First online shipping insurance trading platform launched

    China's first online shipping insurance trading platform was launched on 18 October in Nansha in the southern metropolis of Guangzhou.

    Asia | 23 Oct 2019
  • Egypt: Compulsory insurance aims to address lack of awareness

    The insurance market in Egypt has suffered for a long time from the lack of insurance awareness among individuals, so it contributes a small percentage to the GDP of about 1.1%. The Insurance Federation of Egypt aims to increase this percentage to 3% during the next three years, Mr Alaa El-Zoheiry, chairman of the federation, says.

    Middle East | 20 Oct 2019
  • More specialised insurers expected to appear in Chinese market

    Several investors have in recent months submitted applications for licences to establish specialised insurance companies.

    China | 18 Oct 2019

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