Ping An Insurance Group Co, China’s biggest insurer by capitalisation, sold 5.65m shares in HSBC Holdings on 7 May at an average price of HK$69.3074 ($8.87) per share.
More than half (52%) of the respondents to a survey say that their personal health insurance premiums increased by over 25% in the last 12 months.
The Insurance Council of New Zealand (ICNZ) welcomed the first reading on 2 May 2024 of the Contracts of Insurance Bill, saying the overhaul of the legislation is well overdue.
Mr Ramaswamy Athappan, chairman of SingRe, chairman of Fairfax Asia and former chairman of Fairfirst Insurance has passed away. His visionary leadership and dedication will be greatly missed.
Risk
Climate change and land-use change could become the main drivers of biodiversity decline by mid-century according to a new study.
By 2120, around a quarter of China’s coastal land could be below the sea-level according to a research paper published in the scientific journal Science.
The reinsurance industry must brace itself for cyber attacks targeting government and election infrastructure in 2024 according to a leading cyber risk analysis.
A new global survey of 1,800 supply-chain leaders has revealed that average response time for supply chains to respond to disruptions is five days, hindering progress on resiliency and risk mitigation.