Fitch Ratings say that it ranks the company profile of Cathay Life and Fubon Life as 'Most Favourable' among several life insurers in a peer review. The other insurers in the peer review have a 'Favourable' company profile.
The Insurance and Social Security Supervisory Authority (ACAPS) has carried out a third series of tests for Pillar One of its proposed Risk-Based Capital (RBC) system and the model is now stabilised, according to its president, Mr Abderrahim Chaffai.
A majority (76%) of IT and cyber security leaders have invested in cyber defences to qualify for cyber insurance according to a new global survey by Sophos, the cyber security solutions company.
Aon has appointed Mr Peter Cheesman as head of analytics for risk capital in APAC. His new role includes APAC commercial risk, and he will take it on in addition to his current responsibilities as head of analytics for reinsurance in APAC.
Cathay Life Insurance, Taiwan's biggest life insurance company, has seen its issuance of $600m 10-year overseas subordinated corporate bonds oversubscribed by around three times.
The Financial Services Council (FSC) and its superannuation funds members have released a standard that aims to protect consumers against fraud and scams.
WTW has appointed Mr James Baum as head of Australia and New Zealand, and head of corporate risk and broking (CRB) Australia and New Zealand, effective 15 July 2024.
Steadfast Group (Steadfast) has appointed Mr Kasun Jayaratne as general manager AU network, broker, risk and insurer services, a newly created role.
The Risk-based Capital (RBC) regime for the Hong Kong insurance industry entered into operation yesterday (1 July 2024).
With the December 2024 date for the adoption of Insurance Capital Standard (ICS) approaching, the Executive Committee of the International Association of Insurance Supervisors (IAIS) has agreed on an initial plan for ICS implementation.