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Insurance
The Insurance Council of Australia (ICA) has welcomed government plans to drop the creation of a state-backed reinsurer. 19 December 2017
Insurance
China’s insurance regulator plans to restrict the business of insurers which have a low rating for asset liability management, Reuters reported Dec. 17 citing Xinhua news agency. 18 December 2017
Insurance
Catastrophe modelling firm AIR Worldwide is collaborated with China's PICC Reinsurance Company (PICC Re) to improve the assessment and management of the reinsurer’s growing portfolio of catastrophe risk business. 18 December 2017
Insurance
Reinsurers face underwriting challenges in the non-life business in China due to lower demand and higher competition, according to rating agency AM Best. 18 December 2017
Insurance
Berkshire Hathaway Specialty Insurance Company (BHSI) is introducing a professional indemnity insurance for financial institutions in Asia. 14 December 2017
Insurance
Prudential Hong Kong is introducing a digital claims submission system and artificial intelligence (AI) platform. 14 December 2017
Insurance
Zurich Insurance Group has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia for $2.14 billion (AUD 2.85 billion) to become the country’s largest retail life insurer. 12 December 2017
Insurance
Australia’s IAG has entered into three agreements to quota share a combined 12.5 percent of its consolidated business from Jan. 1, 2018. 8 December 2017
Insurance
Australia’s QBE Insurance Group has partnered with London-based artificial intelligence startup Cytora. 6 December 2017
Insurance
Allied World Assurance Company Holdings has appointed Iain MacLeod as senior vice president, country manager for Australia. 6 December 2017
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