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Sep 2024

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Asian

Australia: Cyber incidents return as biggest worry for businesses

Cyber incidents such as ransomware attacks, data breaches and IT disruptions are the biggest worry for companies in Australia in 2024, according to the Allianz Risk Barometer 2024, the 13th edition to date. Cyber risk dislodges natural catastrophe risks as the topmost risk in the country.
 


India: Life insurers to seek more time to comply with new policy surrender rules

Life insurance companies are planning to seek a three-month deadline extension from the regulator on the implementation of surrender value rules.
 


Japan: Demand for insurance heats up under searing sun

Insurers are seeing rapidly growing demand for heat-related illness coverage in the sweltering summer and are offering flexible insurance plans that are easy to purchase.
 


Pakistan: Regulator promotes risk sharing through insurance pools

The Securities and Exchange Commission of Pakistan (SECP) has underscored the necessity of establishing insurance pools in the country.
 


Philippines: Regulator reviews rules for selling insurance to overseas workers

The Insurance Commission (IC) is planning to issue rules governing the mandatory insurance for overseas Filipino workers.
 


Vietnam: Infrastructure spending likely to boost non-life insurance demand

Government spending on renewable energy, transportation, and other large-scale infrastructure projects is likely to drive greater demand for non-life insurance coverage going forward, says AM Best.