A parametric insurance plan helped 46,000 women across 22 districts in India tackle the extreme heatwave conditions that swept through vast swathes of the country in May and June this year.
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.
Sedgwick has promoted Ms Aruna Chandrapalan as to partner of its forensic accounting services in Asia. She joined Sedgwick in 2017.
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.
Synpulse has appointed Mr Joel Lim as partner and head of insurance APAC. In his new role, he will focus on enhancing insurance and banking propositions in the APAC region, including digital transformation, legacy modernisation, embedded insurance and data and AI.
While the global non-payment insurance (NPI) market is estimated to be worth more than $160bn, APAC-domiciled banks account for less than 15% of this total, says WTW, a leading global advisory, broking, and solutions company.
In a bid to provide more opportunities for insurance companies and fintech firms to co-develop innovative insurance products, the Financial Supervisory Commission of Taiwan (FSC) now allows cross-industry collaborations.
Without insurance, businesses "will be unable to reach their net-zero transition goals or become resilient in the face of the changing climate", according to a whitepaper by Howden and BCG, titled The bigger picture.
Cost of medical care in Malaysia is rising, Etiqa Family Takaful CEO Zafri Ab Halim said.
FWD Group Holdings Limited's (FWDGHL) earnings and fixed-charge coverage ratio are expected improve steadily in the next year or two once non-recurrent costs ease, according to Fitch Ratings.