The grounding of an ultra large container ship - the Ever Given - in the Suez Canal brought traffic on the central shipping route between Europe and Asia to a standstill, with the potential to create more than $40bn dollars of trade disruption.
The Hong Kong insurance industry reported a total gross premiums growth of 4.9% y-o-y to HK$608.4 billion (US$78.37 billion) for 2020, according to provisional statistics released by the Insurance Authority (IA).
In 2020, Malaysia's general insurance market outperformed the country's overall economy. While the Malaysia's GDP is forecasted to have dropped by 4.5% last year, general insurance premiums remained almost stable. This is one of the key findings of the Malaysian Insurance Highlights, a market survey by Malaysian Re.
Great Eastern Holdings' total weighted new sales (TWNS) rose 23% y-o-y to S$1,545.3 million (US$1,172.2 million), according to its financial results for year ended 31 December 2020.
Medical and health insurance policies issued by general insurers do not provide coverage for pandemics such as COVID-19, said the General Insurance Association of Malaysia (PIAM).
A trio of Covid-19 related risks ranks at the top of Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic. Business interruption (#1 with 41% responses) and Pandemic outbreak (#2 with 40%) are this year's top global business risks with Cyber incidents (#3 with 40%) ranking a close third.
FWD Group has launched its first-ever podcast series: Changing the way people feel about insurance... with FWD. The podcast will offer insights into FWD's innovative approach and areas of expertise as well as the exciting trends in Asia's dynamic insurance industry.
Dah Sing Insurance has appointed Terence Leung as Director and Chief Executive Officer with effect from November 2020.
Strong capitalization, steady product margins and resilient premium growth underpin a stable outlook for the Asia Pacific insurance sector, according to a new report published by Moody's.
IKEA has rolled out a home contents insurance offering called HEMSÄKER, underwritten by Etiqa General Insurance Berhad.
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