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...The COVID-19 outbreak is expected to have a 'significant impact' on the marine insurance market as the volume of cargo shipments within Asia and across the globe reduces drastically, IUMI's chairman of the ocean hull committee Rama Chandran told Asia Insurance Review....
...Australian broker network Steadfast published its results for the half year to 31 December that showed a 29.6% increase in revenue to A$414.4m ($272m) and a 39.1% increase in underlying net profit of A$53.2m after tax....
...The insurance industry in Asia has responded quickly and well to the still-evolving coronavirus situation - perhaps because many people in Asia still have profound memories of SARS in 2003....
...The China stock market has moved lower in back-to-back trading days, falling more than 0.8% along the way. The Shanghai Composite Index (SCI) now rests just beneath the 3,015-point plateau and is in line for further damage....
...The entry of foreign players has brought a wave of excitement regarding the future of Myanmar's nascent insurance market which is brimming with untapped potential and a slew of opportunities. This has translated into job prospects in insurance for locals and involves training a new pool of talent for insurers....
...High premiums, a lack of understanding of insurance and distrust are major barriers hindering the sale of insurance products in China despite the rapid growth of its online insurance sector....
...At the recent India Rendezvous 2020 conference, Dacadoo founder & CEO Peter Ohnemus speaks about the digitalisation of health insurance and how it can improve health outcomes for customers....
...As the COVID-19 epidemic rages on in China, international credit ratings agencies expect non-life insurers there to bear significant short-term as well as long-term consequences due to higher claims, lower sales and overall slower economic growth....
...Genetic testing can be a powerful tool for insurers - potentially allowing them to price risk better. But it also carries with it some potential risks, if applied indiscriminately....