Overall general insurance business in Hong Kong has seen a 55.6% jump in underwriting profit to HK$512m ($66m) for the first three months of this year compared to HK$329m for the corresponding period last year, according to data from the Hong Kong Insurance Authority.
Global insurer Willis Towers Watson (WTW) has launched a new sports & entertainment (S&E) industry group that will support its global network with S&E organizations to identify, mitigate, and transfer risks associated with the sector.
The CBIRC has issued "Regulations on the Management of Reinsurance Business (Draft for Comment)", containing proposed revisions to reinsurance regulations that were last updated in 2015.
While there is no question that the COVID-19 pandemic had an impact on the auto insurance market, a new report from LexisNexis Risk Solutions found that last year was a “rollercoaster year” for business trends.
Flood insurance company Neptune Flood has announced the launch of a new website to streamline the process for small business administration (SBA) borrowers to secure commercial flood insurance.
Independent specialist insurance and reinsurance broker BMS has launched its inaugural private equity, M&A and tax report, ‘Redefining M&A Insurance for the 2020s’. The report, which provides a holistic view of how M&A insurance interacts with the wider M&A sphere globally, also gives a first look at behaviors and trends following the onset of the COVID-19 pandemic.
First Indemnity Insurance Group, a specialty insurance agency dedicated to professional liability products for lawyers and law firms, has launched special insurance coverage designed to help law firms that may be carrying inadequate coverage or that are seeking higher limits.
According to a report titled “Global Insurance Markets: Pricing Moderate in First Quarter” from Marsh, the world's leading insurance broker and risk advisor, insurance pricing in the first quarter of 2021 in Asia increased by a moderate 8% year-over-year.
The European Union unveiled strict regulations on Wednesday to govern the use of artificial intelligence, a first-of-its-kind policy that outlines how companies and governments can use a technology seen as one of the most significant, but ethically fraught, scientific breakthroughs in recent memory.
Brand valuation consultancy firm Brand Finance has revealed the world’s top insurance brands. China’s Ping An retained its spot as the world’s most valuable insurance brand, while China Life knocked Germany’s Allianz out of the number-two spot.
Cyberattacks and data loss are the top risks facing directors and officers, according to a new survey by Willis Towers Watson and global law firm Clyde & Co. The forced change in working practices brought on by the COVID-19 pandemic has heightened those concerns, the report found.
China will require financial institutions to transition towards green finance as early as possible, to help achieve the country's carbon neutrality goals.
Mental health problems caused by the COVID-19 infections will be the next pandemic according to a new study published by the Barcelona Institute for Global Health (ISGlobal) in March 2021.
The staff of the International Monetary Fund has recommended an expansion of the Fund’s emergency reserves by $650 billion, given higher financing needs of its members in the wake of the global pandemic
AXA has announced it will be working with Microsoft to build a digital healthcare platform that seeks to widen the reach of healthcare globally.
