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Liability tag returned 64 results

  • 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
  • Insurance body releases first risk assessment report on dangerous industrial sectors

    The Insurance Association of China (IAC) has released its first report on risks and safety liability insurance in dangerous industrial sectors, focussing on construction, hazardous chemicals and coal mining.

    China | 31 May 2019
  • NZ: Builders' body provides guarantees totalling > US43.3bn for over 13,000 homes

    The New Zealand Certified Builders Association (NZCB)'s own mandatory building guarantee insurance Halo has reached more than NZ$5bn ($3.3bn) of cover.

    Asia | 29 May 2019
  • Complex risks require a lot more attention

    A new report 'What does the new era of liability mean for the regulator' by Russel Group has said that the insurers face threats from a lack of underwriting discipline, more robust market regulation and scrutiny and consequent exposure of management deficiencies.

    Asia Risk | 15 May 2019
  • China: Beijing authorities seek to make inherent defect insurance mandatory

    Several municipal government agencies in Beijing have jointly issued an exposure draft for an interim administrative measure that would make it mandatory for building owners to acquire inherent defect insurance for three categories of residential buildings in the Chinese capital.

    Asia | 18 Apr 2019

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