Published August 31, 2015 - 5:55am CST
Casino and hotel operators in China's Macau city are inquiring insurers about the potential for specialized risk policies to protect themselves against the potential consequences of the kidnapping of wealthy clients over unpaid gambling debts, reported CalvinAyre.com citing South China Morning Post.
Published August 31, 2015 - 5:51am CST
Asia's rapidly growing coastal megacities are at risk of powerful storms causing costly disasters, The Straits Times reported.
Published August 31, 2015 - 5:50am CST
Internet security analysts have said that cyber espionage and cyber attacks are increasing in Latin America, reported Reuters.
Published August 31, 2015 - 5:49am CST
There is still a vast amount of capacity for the reinsurance market to grow in Asia according new Fitch Ratings Ltd., reports Artemis.bm.
Published August 31, 2015 - 5:47am CST
A report by Confederation of Indian Industry and Ernst & Young L.L.P. has concluded that strengthening distribution network and identifying ways to deploy additional capital inflows from foreign partners are important for the growth of India's insurance sector, reported Daily News & Analysis citing the Press Trust of India.
Published August 31, 2015 - 5:45am CST
Data from Vietnam's Insurance Supervisory Authority of the finance ministry has shown that total insurance premium revenue increased 23% year on year to 24.9 trillion Vietnamese dong ($1.1 billion) in the first five months of 2015, reports Asia Insurance Review.
Published August 31, 2015 - 5:43am CST
Data from Russia's central bank has shown that insurance premiums in the country increased 2% to 517.75 billion Russian rubles ($7.9 billion) in the first half of 2015, reports Finanz.ru citing TASS news agency.
Published August 31, 2015 - 5:39am CST
An oil spill has been reported into Egypt's Nile river following leaks from the cool water unit of Al-Hamra electricity station in the country's Assiut city, MENAFN.com reported citing Daily News Egypt.
Published August 28, 2015 - 5:35am CST
Netherlands-based insurer ASR Nederland N.V.'s results for the first half of 2015 showed a sharp decline in the insurer's solvency under new European rules that take effect in January 2016, reported Reuters.
Published August 28, 2015 - 5:33am CST
Taoufik Gharib, an analyst at Standard & Poor's Corp., has said that merger and acquisition activity in the reinsurance space is likely to "continue for the rest of 2015 and into 2016 as the remaining small and midsize reinsurers race to find consolidation partners," reported Artemis.bm.
Published August 28, 2015 - 5:31am CST
Fitch Ratings Ltd. has said that limited data for modelling and managing catastrophe risks "partially poses constraints in the use of alternative capital" for Latin American insurers and reinsurers, reported Artemis.bm.
Published August 28, 2015 - 5:30am CST
Australian brokerage network Austbrokers Holdings Ltd. has said that commercial insurance rate declines are slowing and it expects rates start climbing at the end of 2016 fiscal year, The Sydney Morning Herald reported.
Published August 28, 2015 - 5:26am CST
Scientists have said that highly-populated coasts of Italy and Greece would be inundated if a moderate earthquake in the Mediterranean triggers a tsunami, reported Mirror.co.uk.
Published August 28, 2015 - 5:25am CST
The Nigerian Council of Registered Insurance Brokers have urged the Nigerian Civil Aviation Authority and other government agencies to make it mandatory for all airlines in the country to have adequate insurance, reported Nigeria's BusinessDay.
Published August 28, 2015 - 5:23am CST
Zimbabwe's accelerating economic crisis is affecting the country's insurance sector, The Financial Gazette reported.
Published August 28, 2015 - 5:22am CST
U.K.-based insurance broker Towergate Insurance Ltd. has reported a £58 million ($91 million) in the first half of 2015, reported Kent Online.
Published August 28, 2015 - 5:20am CST
Kim Henshaw, chief executive of Strata Community Australia, has asked owners and firms responsible for strata properties in the nation's New South Wales state to be proactive with earthquake insurance coverage, reported Asia Insurance Review.
Published August 27, 2015 - 5:31am CST
China Taiping Insurance Holdings Co. Ltd. has said that it faces up to 90 million Chinese yuan ($14 million) in claims from the recent explosions in the nation's Tianjin port, Asia Insurance Review reports.
Published August 27, 2015 - 5:30am CST
Businesses in India's Gujarat state have lost billions due to the ongoing violence, The Times of India reported.
Published August 27, 2015 - 5:28am CST
The Romanian Financial Supervision Authority has withdrawn the operating license of the country's second-largest insurer, Societatea Asigurare-Reasigurare Astra S.A., reports Reuters.
Published August 27, 2015 - 5:27am CST
Austria-based Vienna Insurance Group's Romanian operation posted a 17.6% increase in gross premiums written to €194.2 million ($224 million) in the first half of 2015 from the same period in 2014, reported Romania-Insider.com.
Published August 27, 2015 - 5:26am CST
Stuart Khan, a professor at Australia's University of New South Wales, has warned that a major downpour now could devastate most of Sydney, reported The Sydney Morning Herald.
Published August 27, 2015 - 5:24am CST
Combined gross written premiums of Oman's two takaful firms accounted for 7% of total premiums of the country's insurance market in the first six months of 2015, reported Middle East Insurance Review citing the Argaam news website.
Published August 27, 2015 - 5:22am CST
Trucking firms in Saudi Arabia have criticized the vehicle insurers in Saudi Arabia for raising premiums for third party liability cover by nearly 200%, reported Middle East Insurance Review citing Mubasher news.
Published August 27, 2015 - 5:20am CST
Typhoon Ineng that recently hit Philippines has caused more than 1 billion Philippine pesos ($21.5 million) in damage in the country's Ilocos Norte province, The Manila Times reports.