Chubb & DBS provide free cover for COVID-19 vaccination
DBS and Chubb Insurance Singapore have partnered to provide DBS and POSB customers with complimentary insurance cover for complications caused by vaccinations against COVID-19.
China sees increase in online insurance premiums
Buying personal insurance online is becoming more popular in China, with premiums increasing by 13.6% year on year, according to data from the Insurance Association of China.
WTW introduces cyber cover for power & utilities firms
Willis Towers Watson has introduced CyNat, a cyber insurance product designed specifically for companies in the power and utilities industries.
China revises rules on foreign holdings in insurers
China's top insurance regulator, the CBIRC, announced last Friday that new national security reviews have been added to rules on foreign ownership in an insurance business even as it removes the 51% cap on foreign ownership.
Climate change stress tests on the horizon
Banks and insurers around the world are likely to face climate-related stress tests in the next two to three years as supervisors become increasingly aware of the urgency in gauging the risks from climate change, Fitch Ratings says in a new report.
Is insurance sector able to cope with new tech risks?
Theo chuyên gia từ Nền tảng kinh doanh bảo hiểm INSTANDA, việc công nghệ ngày càng phổ biến đang tạo ra những rủi ro mà ngành bảo hiểm chưa từng đối mặt cũng như chuẩn bị trước đây.
Brokers adapted well to forced digital transformation
Speaking at the Asia Brokers Summit 2021, Brokerslink chairman Jose Manuel Fonseca he pointed out that brokers in general did a great job in the transition to working from home and dealing with people digitally.
China focus on balance between growth, risks & stability
The Chinese government's modest growth target of above 6% for 2021 and greater focus on longer-term issues are positive for the sovereign's credit quality, according to a new report from Moody's Investors Service.
COVID-19 pushed down 2020 net income of top 4 reinsurers
The world's four largest reinsurers recorded a 69% fall in net income in 2020. In 2019 the net income of these four insurers (Munich Re, Swiss Re, Hannover Re and SCOR) was EUR5.07bn ($6.04bn) and it fell to EUR1.56bn ($1.86bn) in 2020.
Beazley announces suite of coverages for media producers
Specialist insurer Beazley has launched a suite of contingency policies to provide media producers and production companies coverage against a range of risks that can cause productions to be delayed or called off.