The Thai insurance regulator, the Office of Insurance Commission (OIC), has asked Google to help formulate guidelines to prevent and suppress insurance-related offences in the form of fake applications or offerings of unlicensed foreign insurance companies that are operators not supervised by the Commission.
The Southeast Asia Disaster Risk Insurance Facility (SEADRIF) Insurance Company and the ASEAN Coordinating Centre for Humanitarian Assistance on disaster management (AHA Centre) have signed a Memorandum of Intent (MoI) for a strategic collaboration to strengthen disaster impact reporting and support the development of scalable risk financing solutions.
Record global level of coal, oil and gas pollution is overtaking natural climate drivers like El Niño and La Niña, according to a new report by Climate Council of Australia. This is accelerating the climate whiplash phenomenon that flings communities rapidly from one disaster to the next.
New Zealand's insurers have sounded a growing urgency of reducing risk from natural hazards to protect communities and keep insurance accessible.
Howden New Zealand has appointed Mr Mark Kenyon as Partner in its Wellington team.
Asia-Pacific insurers have sufficient capital buffers to absorb investment and underwriting stresses from the Middle East conflict, in S&P Global Ratings' (S&P) base case.
The conflict in the Middle East is continuing to produce significant risks across maritime trade and global supply chains.
Oman's Financial Services Authority (FSA) has verified that the Unified Motor Vehicle Insurance Policy for Comprehensive and Third Party Coverage provides protection for damages resulting from natural disasters, including hail, wadis, storms and cyclones.
Thailand's insurance regulator, the Office of Insurance Commission (OIC), is accelerating the implementation of a nationwide system to protect victims of road accidents.
A larger share of China's medical insurance resources will now be utilised by primary level healthcare institutions to make these services more comprehensive and more accessible for the country's citizens.