Shanghai's property insurance sector had received a total of 58,700 claims totalling CNY1.225bn ($175m) as of 15:00 on 24 September 2024 for damages arising from typhoons Bebinca and Pulasan, according to the Shanghai Insurance Association.
Sun Life has appointed Mr David Lim as chief agency officer for Asia, effective 2 September 2024. In his new role, Mr Lim will lead the delivery of a future-ready agency model leveraging digital platforms to enhance client experience across the Asia businesses. He will also help advise on channel growth, provide insights to develop best practices and foster greater engagement between clients, advisors and Sun Life.
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has announced the winners of the 20th Australian Insurance Industry Awards.
Health insurance claims are on the rise in Indonesia, jumping by 29.6% to IDR5.96tn ($386m) in the first quarter of this year, according to the Indonesian Life Insurance Association (AAJI).
Some 96% of all private insurance claims from the Auckland Anniversary weekend and Cyclone Gabrielle weather events have been fully settled by insurers, 16 months after two of New Zealand's most costly natural disasters, says the Insurance Council of New Zealand (ICNZ).
Aspen has appointed Mr Christian Dunleavy as group president and Mr Mark Pickering as group chief financial officer and treasurer.
According to Charles Taylor managing director, Asia Pacific - aviation Bob Battoo, loss adjusters in Asia will need to "closely monitor" a number of factors in the aviation industry, as well as the interplay between them, in order to identify emerging risks and assess potential impacts.
Insurance companies in several flood-hit provinces and regions in China have received a cumulative number of 95,000 claims involving a combined total of CNY3.21bn ($442m) in claim amounts.
QBE Insurance, one of the world's top 20 general insurance and reinsurance companies, is focused on improving its claims support for customers amid recent severe weather events, drawing from insights gained following the 2022 east coast floods.
Xceedance has appointed Mr Mayur Khatwani as associate vice president, client partner - Australia. In his new role, he will advise insurance clients on business process setup and optimisation for underwriting, claims, finance and accounting