Insurance companies in several flood-hit provinces and regions in China have received a cumulative number of 95,000 claims involving a combined total of CNY3.21bn ($442m) in claim amounts.
QBE Insurance, one of the world's top 20 general insurance and reinsurance companies, is focused on improving its claims support for customers amid recent severe weather events, drawing from insights gained following the 2022 east coast floods.
Xceedance has appointed Mr Mayur Khatwani as associate vice president, client partner - Australia. In his new role, he will advise insurance clients on business process setup and optimisation for underwriting, claims, finance and accounting
Insurance companies in China in eight regions have received a total of 81,300 claims arising from the current major flood season.
Bank Negara Malaysia (BNM) has issued the Policy Document on Claims Settlement Practices (PD CSP) which sets out the minimum standards on the handling and assessment of general insurance and general takaful claims.
Health insurers in India have on average a 94% approval rate for health insurance claims, rising to 97% for online claims, according to a Policybazaar report that provides insights into health insurance claims.
ProRisk has appointed Ms Deborah Lazarus as general counsel and senior claims specialist. Over the course of her career, she has worked in senior roles at large insurers, in financial lines claims, as well as a special counsel in insurance litigation within private legal practice.
The Insurance Regulatory Commission of Sri Lanka (IRCSL) has introduced an Optional Compensation Scheme (OCS) through licensed general insurance companies to provide compensation to third-party victims of motor vehicle accidents or their legal heirs.
Insurers should settle cross-border motor insurance claims swiftly to promote trade and the movement of people in the Economic Community of West African States (ECOWAS), according to Mr Henry Bukari, the chairman of the Council of Bureaux of ECOWAS Brown Card Insurance Scheme.
Zurich Singapore has appointed Mr Matt Graves as chief claims officer. In his new role, Mr Graves will have enterprise-wide responsibilities for all claims functions across Zurich Singapore's commercial and newly launched retail segment. He will also join Zurich Singapore's executive committee, driving best-in-class, innovative claims solutions in close collaboration with customers and partners across the region and ensure a better, faster and simpler end-to-end claims experience.