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Insurance
A worrying trend is emerging of regulators across Asia implementing protectionist policies, which risk defeating the key advantages of using the global re/insurance markets, according to Matt Cannock, principal officer & managing director of Markel Asia. 13 January 2017
Insurance
JBA Risk Management has released a high resolution, multi-peril flood model for Vietnam, which it said will help the insurance industry better understand flood risk in Vietnam. 13 January 2017
News
The new Russian National Reinsurance Company has increased pressure on Western markets already challenged by the international sanctions regime with international reinsurers already losing a significant amount of business as a result. 9 January 2017
Insurance
The idea that some roles in the re/insurance industry could be replaced by robots or, more specifically, artificial intelligence (AI) systems, appears to have become a reality this week with the allegation that Japanese insurer Fukoku Mutual Life Insurance will replace more than 30 employees with an AI system. 5 January 2017
Insurance
Specialty re/insurer Navigators has appointed a new leadership team in Asia that includes three senior executives from the Chubb Group of Insurance Companies. 5 January 2017
Insurance
Natural catastrophe losses totaling $175 billion have made 2016 the costliest year since 2012, with 30 percent – or $50 billion – of the losses insured, according to a report from Munich Re. 4 January 2017
Insurance
Insurance Australia Group (IAG) has renewed its catastrophe reinsurance programme for 2017 at a similar size to previous years but it has added an additional multi-year dimension to the coverage. 4 January 2017
Insurance
Singapore-based broker Pana Harrison (Asia) is to acquire AIH Reinsurance Brokers, a broker established in 2011 in Labuan, Malaysia, by Michael Darby and backed by Huntington Partners. 3 January 2017
News
Five global reinsurers have secured a final licence from the Insurance Regulatory and Development Authority of India (IRDAI) to commence business operations in India. 3 January 2017
Insurance
Claims management firm Cunningham Lindsey has opened an office in Tokyo, and appointed Yutaka Tada to lead and manage the firms’ operations in Japan. 3 January 2017
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