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News
AI chip factory boom in Asia puts sustainable reinsurance capacity, nat cat exposure in spotlight
1+ hour, 2+ min ago (131+ words) Implementing AI is a major operational and regulatory challenge for the industry, with massive rewards for the insurers that can get it right. Industry cannot afford to overlook the operational impact of last week's 7.1-magnitude earthquake, industry insiders tell InsuranceAsia…...
Flood threat in Southeast Asia is real and growing – time for modellers to strut their stuff as AI leads the way
6+ day, 1+ hour ago (147+ words) London market reels as former CEO escapes sanctions after an investigation into his conduct, but critics say findings undermine the platform's credibility as the moral compass. Fire-prone, water-guzzling, and tornado-vulnerable, these city-sized new builds - with their vast power demands - highlight…...
P&I clubs face painful renewals as soaring Baltimore bridge liability costs leave some with difficult decisions to make
1+ week, 1+ day ago (160+ words) Escalating hostilities are driving up shipping costs, but cover remains available as insurers price risks pragmatically, Mandarin Shipping chairman tells InsuranceAsia News' Between the Lines podcast. Low insurance penetration, correlated weather losses and supply-chain stress are turning APAC's agricultural protection…...
Holed below the water line, Lloyd's moral authority sinks as John Neal escapes sanctions after weak probe
1+ week, 2+ day ago (151+ words) Fire-prone, water-guzzling, and tornado-vulnerable, these city-sized new builds - with their vast power demands - highlight a step-change in risk. Region is embracing alternative energy sources with gusto, with projects in China, Singapore, Thailand, Japan, and India, but the APAC (re)insurance…...
Gargantuan data centres present one of the greatest opportunities for premium income in a generation
1+ week, 6+ day ago (150+ words) Region is embracing alternative energy sources with gusto, with projects in China, Singapore, Thailand, Japan, and India, but the APAC (re)insurance market has seemingly lost its voice when it comes to hydrogen. Hong Kong's Insurance Authority has adopted a…...
Beazley | Clean marine: How aqua-innovators can ride the energy wave
1+ week, 6+ day ago (306+ words) But the road to clean marine is not simply a response to regulation. It is shaping up to be an opportunity for market players to build new models for energy, transport and growth; across fuels, infrastructure and energy supply. Alternative…...
Trade credit insurance seen as vital shield as global cash collection cycle stalls at 'high plateau"
2+ week, 2+ day ago (213+ words) Trade credit insurance seen as vital shield as global cash collection cycle stalls at 'high plateau' InsuranceAsia News Trade credit insurance seen as vital shield as global cash collection cycle stalls at ‘high plateau’ To continue reading the full article…...
January Victoria bushfire losses rise to US$596m: Perils
3+ week, 1+ day ago (103+ words) Seasonality of bushfires in Australia is shifting due to climate change, according to founder and CEO James Rendell. While reporting its quietest start in over a decade for weather-related claims, the insurer warned that emerging dry conditions are elevating bushfire…...
Brokers back fire levy review, call insurance funding model an 'unfair burden"
1+ mon, 2+ week ago (99+ words) More than 95% of average data breach losses and 90% of average first-party losses are adequately covered by insurance, according to Willis' latest cyber report. Permanent appointment as Babita Rai's successor is subject to approval from the Monetary Authority of Singapore. Singapore-based…...
ICNZ wants fire and emergency levy scrapped, replaced with disaster prevention funding
2+ mon, 2+ day ago (131+ words) Fair Trade Commission conducted on-site investigations into suspected collusion in bids for corporate group accident insurance policies. Insurance Council of Australia (ICA) argues the general insurance industry should not subsidise misconduct claims by other subsectors of financial services under the…...