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Claims tag returned 60 results

  • Philippines: Govt co-op to cover at-risk farms amid deadly animal disease outbreak

    With the Philippines facing the threat of deadly avian influenza (AI) and African swine fever (ASF) outbreaks, local swine and poultry farms receive some relief as they are now able to claim indemnity insurance from the government if their farms are hit by these two animal diseases.

    Asia | 30 May 2019
  • Japan: Public health insurance to cover genome testing for cancer patients

    Japan's public health insurance system is set to cover genomic testing for cancer patients who have not responded to conventional cancer treatments from 1 June onwards, reported The Japan Times citing a recent decision made by the health ministry. Under the new inclusion, patients will only have to pay 10-30% of testing fees.

    Asia | 30 May 2019
  • Australia: Nat CAT costs hits performance of general insurers in Q12019

    Australia's general insurance sector recorded a 32.4% drop in underwriting results to A$2.8bn, due to claims from the Sydney hailstorm and Townsville flood as well as a strengthening of claims reserves in professional indemnity and mortgage classes.

    Asia | 23 May 2019
  • Japan: Non-life insurers maintain positive outlook in the face of Nat CAT losses

    Japanese insurers are under pressure to rebuild their reserves after deploying a sizeable portion in 2018 in what was a severe CAT year for the local market, revealed a new report by AM Best. Japan was rocked by a series of Nat CAT events last year which resulted in significant insured losses with the costliest being Typhoon Jebi.

    Asia | 22 May 2019
  • Australia: Insurance costs to rise due to climate change

    The annual average risk costs of extreme weather and climate change to properties is projected to rise to A$91bn ($63.48bn) per year in 2050 and A$117bn per year in 2100, revealed findings from the Climate Council of Australia's report on the domestic costs of climate change. These costs will be reflected through higher insurance premiums and will primarily impact the same households that will experience the steepest losses in property values due to events caused by climate change.

    Asia | 14 May 2019
  • India: IRDAI directs speedy settlement of cyclone claims as losses could rise to $500m

    Insurance Regulatory and Development Authority of India (IRDAI) has directed general and standalone health insurance companies to ensure that all claims of the affected insured population in the cyclone Fani ravaged Odisha and neighbouring states are surveyed immediately and the payments disbursed at the earliest.

    Asia | 10 May 2019
  • China: Insuring gig economy workers on the radar

    China is deliberating over extending its work injury insurance coverage to gig economy workers, reported local publication China Daily. The Ministry of Human Resources and Social Security announced earlier that it plans to revise work injury insurance regulations given the burgeoning number of casual workers. No further details are provided regarding the plans to date.

    Asia | 09 May 2019
  • US claims administrator's leadership appointments in Asia

    As part of its expansion plans in Asia, Sedgwick has hired senior executives to grow the business in the region. It has appointed Mr James Ong as CEO of Asia, Mr Terry Dunning as head of business development in Asia, Mr Darren Livengood as regional manager for Sedgwick's operations in Japan and Korea and catastrophe manager for Asia as well as Mr Stephen Hope as executive director and head of major and complex losses in Asia.

    Asia | 08 May 2019
  • Saudi Arabia: New center for motor insurance dispute resolution launched

    The General Secretariat of the Committees for Resolution of Insurance Disputes and Violations has launched the Center for Settlement of Lawsuits at the General Secretariat for resolution of lawsuits filed by individuals against Saudi insurers.

    Middle East | 08 May 2019
  • NITF brings succour to a wounded nation

    National Insurance Trust Fund (NITF), Sri Lanka's state-run reinsurer, released LKR25m ($0.14m) in advance insurance claims to the Kingsbury and Cinnamon Grand hotels that faced terror attacks on Easter Sunday.

    AIRPlus | 07 May 2019

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