Asia
The Asian talent hotpot for insurers
As insurers ride the wave of rising wealth in Asia the demand for professionals with the right expertise to make the most of growth opportunities is shrinking, as Pagan Van reports.
Asia View from the Top: The effects of globalisation
'May you live in interesting times' is apparently the English translation of an ancient Chinese curse, and the past few years have been interesting and challenging from an underwriter's point of view.
Aviva reveals 97% COR in steady results
Aviva's general insurance business delivered a combined operating ratio of 97% in the first nine months of 2012, in line with the previous year, excluding RAC.
IPipeline hires Greenberg to build Apac presence
Insurance processing solutions provider iPipeline has appointed Paul Greenberg as country manager for Japan and Asia Pacific.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
India-based GI insurers see rise in premiums
General insurance companies in India have seen an 18.6% rise in premiums in the current financial year.
Ace Europe head criticises London market's 'lack of vision'
London's insurance industry must avoid complacency and reinforce its position as the global insurance centre through innovation, collaboration and recognition of the shift towards emerging markets, the chairman of Ace European Group said today.
China-based intermediary starts repurchase programme
CN Insure is to repurchase up to $30m of its American depositary shares by 6 May 2012 after its board of directors approved a repurchase programme.
Thai acquisition to double Pru market share
Insurer Prudential is set to acquire Thanachart Life Assurance Company, a wholly-owned life insurance subsidiary of Thanachart Bank.
Ship that ran aground during cyclone had valid insurance, owner says
The oil tanker Pratibha Cauvery, which ran aground during Cyclone Nilam, was seaworthy and had valid insurance cover, according to a marine manager at Pratibha Shipping Company.
HSBC India denies reports of suspended insurance sales
Hong Kong and Shanghai Banking Corp has denied that it has stopped selling insurance in India, following media reports that the company had suspended sales after allegations of mis-selling.
AIA appoints Yeo Yong-Boon as non-exec director
Pan-Asian insurer AIA Group has appointed George Yeo Yong-Boon as an independent non-executive director
Smaller brokers get niche to tackle emerging Asian markets
Small brokers in South East Asia are turning to specialist insurance products that are considered too niche to be of interest to their larger counterparts as Nicky Burridge reports.
Emerging markets expansion rewarded by equities analysts
Insurance equity analysts expect higher profitability from the best-performing insurers, despite difficult market conditions, and will reward those that expand into emerging markets, a global survey by Accenture found.
UIB hires new staff ahead of special risks unit launch
Independent international reinsurance broker UIB has launched a special risks division in response to customer demand.
Cyclone Nilam makes landfall near Chennai
Tropical cyclone Nilam, the second named cyclone of the 2012 North Indian Ocean cyclone season, made landfall in the Indian state of Tamil Nadu at about 4.30pm local time on Wednesday with maximum wind speeds of 80km-90km per hour, according to…
Xchanging expands Apac footprint
Business process outsourcing provider Xchanging is to open delivery centres in China and the Philippines.
Xchanging unveils Apac expansion plans
Technology services provider Xchanging is to open two new delivery centres in the Philippines and China.
Linuo Power in solar warranty deal with Aon's China JV
International photovoltaic firm Linuo Power has launched warranty cover for solar modules supplied by Aon-Cofco, a joint venture between broker Aon and state-owned Chinese conglomerate Cofco Group.
GC develops industrial park database after Thailand losses
Guy Carpenter has developed a database of industrial estates in China, Taiwan, Thailand and Indonesia to help clients identify and evaluate potential risks in the region.
Top five Asian news stories
The top five Asian news stories on www.insuranceinsight.com over the past seven days.
Reinsurers have appetite for Asia-Pac business despite 2011 losses
The first three quarters of 2012 have proved relatively benign in terms of Asia Pacific insured catastrophe losses, according to a new Guy Carpenter report.
Singapore government to subsidise political risk cover for selected firms
A Singapore government agency has launched a political risk insurance scheme to help Singapore-based companies protect projects and investments as they grow overseas.
Philippines GI industry wants tax break on microinsurance
General insurers in the Philippines are lobbying for lower taxes on premiums as an incentive to offer microinsurance.