Late October saw the launch of China's first 'Insurance Blockchain Innovation Centre (IBIC)' on the sidelines of the second Lujiazui International Reinsurance Conference. The centre was jointly established by the Shanghai Insurance Exchange (SIE).
According to a Reuters report, the Arctic Ocean has been seeing a rise in commercial voyages recently as many cargo vessels venturing between Europe and Asia opt to ply this route because of the potentially huge savings they can make. The situation is posing a challenge to several marine insurance companies that are forced to navigate uncharted liability issues.
More than 60% of senior insurance executives in Australia and the Asia Pacific believe business models will need to be reinvented post-COVID, according to a survey by global investment giant BlackRock.
The international marine insurer North P&I Club is looking to provide with its new routing risk advice digital tool, in order to offer a clearer view of the hazards that seafarers may face before they set sail.
The Australian Securities and Investments Commission (ASIC) has updated its information sheets on unfair insurance contract terms protections for consumers and small businesses, following the government’s enactment of the Financial Sector Reform Act 2020.
The National Insurance Brokers Association of Australia (NIBA) – engaged Deloitte Access Economics to produce a report on the economic value of the insurance broking industry. The report described and quantified the elements that comprise the industry’s value: To customers, insurers, the economy, governments and broader society.
Over the past two years, the Asia-Pacific insurance industry has seen a slew of extreme weather events, compounded with the unprecedented disruption caused by the COVID-19 pandemic. These, according to a report by S&P Global Ratings, have made reinsurance more important and, unfortunately, more costly.
It’s once again time to reveal the world’s top 100 brands, courtesy of the Interbrand Best Global Brands Ranking.
Marine insurer West of England P&I has introduced a new global information platform. Known as Neptune, the portal is designed to provide operational, security and bunker information across ports globally and deliver information to club members.
A government-backed COVID-19 insurance scheme for the UK television and film sector was formally launched last Friday following state aid approval from the European Union.
According to a new report from Allianz Global Corporate & Specialty (AGCS) called 'COVID-19 – Changing Claims Patterns', claims trends and risk exposures in different lines of insurance are likely to evolve in both the mid- and long-term as a result of the COVID-19 pandemic.
Nearly nine out of 10 workers want to be able to choose whether to work from home or the office once COVID-19 workplace restrictions ease, and have greater autonomy over their hours, according to research from Cisco Systems.
The insurance industry has not been spared the devastating impact COVID-19 has had on the global economy. There is, however, a consensus that the pandemic has brought the protection gap in Asia to front-of-mind and raised consumer awareness of the need to be financially protected enough that (re)insurers need to capitalise on this window of opportunity.
The World Economic Forum (WEF) has today published its survey on ‘Regional Risks for Doing Business 2020’ which has identified that the top risk concern facing businesses in the Asia-Pacific region today is the spread of infectious diseases.
Despite the impact of the COVID-19 pandemic on dealmaking, the global M&A market has recorded its first positive performance in three years for completed deals, according to a report by Willis Towers Watson.
