Willis, a WTW business, has appointed Mr Alex Benson as Head of Construction and Natural Resources Claims, in Asia, effective 6 April 2026.
The current bushfires in Australia that have impacted 18 Local Government Areas across the state of Victoria since 7 January 2026 have now been escalated from 'Significant Event' to 'Insurance Catastrophe'.
A new report has said that without action, global warming is now likely to reach 2°C before 2050. This is a level associated with catastrophic impacts on societies and economies worldwide, with major disruption to water and food systems, migration, and human health.
Heatwaves, wildfires, droughts, and storms cost the world more than $120bn in 2025 and fossil fuel companies are playing a central role in driving this crisis according to a new report by Christian Aid.
Employee medical insurance premiums are likely to continue to rise in Hong Kong in 2026, according to a new edition of the Hong Kong Employee Medical Insurance Index (EMII).
Claims continue to mount following the devastating bushfire that swept through central Victoria. As of 13 January, the Insurance Council of Australia (ICA) reported nearly 1,400 claims, encompassing property, commercial, motor, and business interruption losses. Early assessments suggest around 30 percent of all property claims may involve total losses.
The Financial Regulatory Authority (FRA) has issued a decision regulating the mechanisms and conditions for settling claims by the Egyptian Compulsory Insurance Association for Civil Liability Arising from Motor Vehicle Accidents (Compulsory Motor Insurance Consortium/Pool). The move is aimed at simplifying procedures and ensuring that those affected and their families quickly obtain their insurance rights.
The Insurance and Social Security Supervisory Authority (ACAPS) has issued a warning to motor insurance companies over practices that are deemed as infringing on policyholders' rights.
In 2025, losses from natural disasters in the Asia-Pacific cost around $73bn. These work out to about one third of the total global losses due to natural disasters in 2025. This is also above the 10-year average of $66bn. Only $9bn was insured. In many lower-income countries, insurance penetration remains below 5% according to global reinsurer Munich Re.
To help provide more personalised and intelligent services to health insurance policyholders, China will soon launch a pilot programme to establish cloud platforms aggregating personal healthcare and medical insurance data.