Over the past 25 years since the establishment of Allianz Reinsurance in Asia Pacific, the reinsurer has ...
Hong Kong: Nat CAT overtakes pandemic as territory's top risk
With the COVID-19 pandemic-related restrictions lifted a year ago, 'pandemic outbreak' has been removed as the top risk in Hong Kong in 2024, according to...
With the COVID-19 pandemic-related restrictions lifted a year ago, 'pandemic outbreak' has been removed as the top risk in Hong Kong in 2024, according to...
Article / 3 months ago
Thailand: COVID-hit insurer stops accepting new business
Listed insurer Syn Mun Kong Insurance has announced that it will indefinitely cease accepting new insurance business after the Central Bankruptcy Court revoked an order placing the company in...
Listed insurer Syn Mun Kong Insurance has announced that it will indefinitely cease accepting new insurance business after the Central Bankruptcy Court revoked an order placing the company in...
Article / 4 months ago
Taiwan: Nan Shan General Insurance's COVID-related loss seen as one-off event
Nan Shan General Insurance reported a significant net loss of NT$1.3bn ($42.4m) for the as of the end of September 2022, notes AM Best...
Nan Shan General Insurance reported a significant net loss of NT$1.3bn ($42.4m) for the as of the end of September 2022, notes AM Best...
Article / 1 year ago
Indonesia: Inflation & COVID-19 could trigger increases in insurance and reinsurance claims this year
Inflation and Covid-19 are considered to be factors that could trigger an increase in claims in the insurance and reinsurance...
Inflation and Covid-19 are considered to be factors that could trigger an increase in claims in the insurance and reinsurance...
Article / 1 year ago
Taiwan: Fubon Insurance expected to return to profitability after one-off COVID loss event
Fubon Insurance has reported a significant net loss of NT$40bn ($1.3bn) for the fiscal year ended 31 December 2022 (FY2022), compared with a net profit of...
Fubon Insurance has reported a significant net loss of NT$40bn ($1.3bn) for the fiscal year ended 31 December 2022 (FY2022), compared with a net profit of...
Article / 1 year ago
Thailand: Non-Life Insurance Fund outlines progress of work on COVID-related claims of insolvent insurers
The Non-Life Insurance Fund received COVID-related claims exceeding THB60bn ($1.83bn) from more than 700,000 people...
The Non-Life Insurance Fund received COVID-related claims exceeding THB60bn ($1.83bn) from more than 700,000 people...
Article / 1 year ago
GCC: Late rush of claims expected to be litigated ahead of March limitation period
The last flow of business interruption claims stemming from COVID-19-related lockdowns in the Gulf Cooperation Council region can be expected between...
The last flow of business interruption claims stemming from COVID-19-related lockdowns in the Gulf Cooperation Council region can be expected between...
Article / 1 year ago
Japan: Insurers' underwriting fundamentals expected to recover in 2023
Japanese insurers' underwriting fundamentals are likely to recover during 2023, as the negative effects from the COVID-19 pandemic subside, Fitch Ratings...
Japanese insurers' underwriting fundamentals are likely to recover during 2023, as the negative effects from the COVID-19 pandemic subside, Fitch Ratings...
Article / 1 year ago
Taiwan: Fubon Insurance expected to recover COVID-related losses
Taiwan's leading non-life insurer Fubon Insurance should be able to recoup COVID-related losses over the short to intermediate term, given its track record of...
Taiwan's leading non-life insurer Fubon Insurance should be able to recoup COVID-related losses over the short to intermediate term, given its track record of...
Article / 1 year ago
Nepal: Regulator resumes COVID-related claim payments despite fund shortage
The Insurance Board (IB) has started settling COVID-19 insurance claims that had been suspended for some time....
The Insurance Board (IB) has started settling COVID-19 insurance claims that had been suspended for some time....
Article / 1 year ago