Over the past 25 years since the establishment of Allianz Reinsurance in Asia Pacific, the reinsurer has ...
Pacific: Property rates stay flat in 4Q2023, for first time in 26 quarters
Composite insurance rates in the Pacific region (of which Australia is the biggest market) were flat in the fourth quarter of 2023, according to Marsh's 4Q2023...
Composite insurance rates in the Pacific region (of which Australia is the biggest market) were flat in the fourth quarter of 2023, according to Marsh's 4Q2023...
Article / 2 months ago
New Zealand: Commerce minister outlines plans to reform financial services
Mr Andrew Bayly, Minister of Commerce and Consumer Affairs, has said that the government will reform financial services regulations, ensuring clarity and...
Mr Andrew Bayly, Minister of Commerce and Consumer Affairs, has said that the government will reform financial services regulations, ensuring clarity and...
Article / 3 months ago
Pacific: Financial and professional lines continue to drive overall pricing moderation
Insurance pricing in the Pacific region increased 1% in the third quarter of 2023, compared to 2% in the prior quarter, according to the latest Marsh Global...
Insurance pricing in the Pacific region increased 1% in the third quarter of 2023, compared to 2% in the prior quarter, according to the latest Marsh Global...
Article / 6 months ago
New Zealand: 3 in 4 Kiwis rethink their financial risk in wake of catastrophic weather events
New Zealanders' attitudes to managing risk are changing, with levels of insurance up from 2022 and recent weather events prompting many people to...
New Zealanders' attitudes to managing risk are changing, with levels of insurance up from 2022 and recent weather events prompting many people to...
Article / 1 year ago
New Zealand: New regulatory regimes to drive FMA's priorities
The New Zealand financial services sector will be implementing some critical pieces of new legislation this year....
The New Zealand financial services sector will be implementing some critical pieces of new legislation this year....
Article / 1 year ago
Malaysia: Bank Negara issues policy document on climate risk management
Bank Negara Malaysia (BNM), the central bank, has issued a policy document setting out principles and requirements on climate risk management and...
Bank Negara Malaysia (BNM), the central bank, has issued a policy document setting out principles and requirements on climate risk management and...
Article / 1 year ago
Crypto: FTX offers sobering lesson for insurance industry
The collapse of the cryptocurrency exchange FTX highlights the importance of effective corporate governance, according to a new AM Best commentary....
The collapse of the cryptocurrency exchange FTX highlights the importance of effective corporate governance, according to a new AM Best commentary....
Article / 1 year ago
Malaysia: Bank Negara expects insurers and other FIs to understand how climate change affects risk exposures
Bank Negara Malaysia (BNM) expects financial institutions (FIs) to understand how climate-related risk drivers can impact their risk...
Bank Negara Malaysia (BNM) expects financial institutions (FIs) to understand how climate-related risk drivers can impact their risk...
Article / 2 years ago
Regulator tightens rules governing insurers' investments in financial institutions overseas
The Financial Supervisory Commission (FSC) yesterday proposed amendments to regulations on the management of foreign investments of insurance...
The Financial Supervisory Commission (FSC) yesterday proposed amendments to regulations on the management of foreign investments of insurance...
Article / 2 years ago
Region's development bank works with 5 global insurers in risk transfer programme
The Asian Development Bank (ADB) has signed an agreement with five leading global insurers which will mobilise up to $1bn of financing capacity to support...
The Asian Development Bank (ADB) has signed an agreement with five leading global insurers which will mobilise up to $1bn of financing capacity to support...
Article / 2 years ago