Published October 01, 2014 - 5:47am CST
The ongoing protests in Hong Kong over the region's constitutional development have affected traffic on roads and are hampering people's daily lives, Business Standard reported.
Published October 01, 2014 - 5:45am CST
Insurance broker Marsh L.L.C. has said in a report that Asian insurers must pay close attention to the changing cyber security laws in the region's countries, reports Hexun.com.
Published October 01, 2014 - 5:44am CST
Figures from Eurekahedge ILS Advisers Index have shown that the monthly return for insurance-linked securities and catastrophe bond funds in August is the highest for 2014.
Published October 01, 2014 - 5:41am CST
Heavy rains have caused major flooding across southern parts of France and northeast Spain, reported Al Jazeera.
Published October 01, 2014 - 5:39am CST
Revenues recorded by Ecuadorian insurers from policies covering catastrophes such as earthquakes, floods and explosions totaled $61 million during the first half of 2014, a fall of 7% year on year, reports Elcomercio.com.
Published October 01, 2014 - 5:37am CST
Garry Hansen, chairman of Grain Producers South Australia, has said that support from big underwriting firms is crucial to develop multi-peril crop insurance in the country, Stock Journal reports.
Published October 01, 2014 - 5:35am CST
Insurers in Finland should be prepared for "the adverse effects of the weak economic situation," Anneli Tuominen, head of Finland's Financial Supervisory Authority, has said.
Published October 01, 2014 - 5:28am CST
Fola Daniel, commissioner for insurance at Nigeria's National Insurance Commission, has said that a new plan to develop the insurance industry is in process, The Guardian Nigeria reports.
Published September 30, 2014 - 5:28am CST
There are close to 50 foreign insurers in China, but they make up less than 10% of the market share despite being in the country for over 10 years, reported WantChinaTimes.
Published September 30, 2014 - 5:26am CST
The recent floods in Meghalaya, India, have caused widespread damage across the state and left 52 dead, the state's deputy chief minister Roytre C. Laloo said.
Published September 30, 2014 - 5:25am CST
Five hundred and ninety claims have been filed so far in the city of Zhoushan in China following the typhoon that hit the city on Sep. 23, reports Jrj.com.cn.
Published September 30, 2014 - 5:23am CST
Inga Beale, CEO of Lloyd's of London, said that the unusually high incidence of aviation mishaps in 2014 have hit the global insurance industry considerably, with claims set to exceed $600 million, reports International Business Times citing The Independent.
Published September 30, 2014 - 5:22am CST
The insurance regulator of the United Arab Emirates has said that the number of takaful insurers in the region has increased to 10, Argaam.com reported.
Published September 30, 2014 - 5:20am CST
Algeria's National Insurance Council said the country's insurance industry has reported a turnover of 73.1 billion Algerian dinars ($886.1 million) for the first half of 2014, a growth of 5.2%, reports Algerie Presse Service.
Published September 30, 2014 - 5:18am CST
Insurance premium income in Costa Rica is likely to reach $2.77 billion by 2020, representing a growth of 135%, Elfinancierocr.com reports.
Published September 30, 2014 - 5:16am CST
The Capital market Authority of Oman has said that the country's insurance industry is venturing into new segments beyond auto insurance, reports Zawya.
Published September 30, 2014 - 5:15am CST
United India Insurance Co. Ltd. is planning a return to markets outside of India, Business Standard reported citing the Press Trust of India.
Published September 29, 2014 - 5:46am CST
A volcanic eruption at Japan's Mount Ontake, a popular climbing destination, is believed to have claimed around 31 lives and left many injured, reports The Toronto Star.
Published September 29, 2014 - 5:44am CST
The Singapore Shipping Association is considering creating a war risk mutual for the development of the country's marine insurance sector, Seatrade Global reports.
Published September 29, 2014 - 5:41am CST
India's national airline Air India Ltd. has renewed its insurance cover with only a 15% rise in premium, despite the hardening aviation insurance markets worldwide, The Hindu Business Line reports.
Published September 29, 2014 - 5:39am CST
Many readymade garment factories in Bangladesh have not yet provided group insurance coverage to their workers, The Financial Express reported.
Published September 29, 2014 - 5:37am CST
Indian public sector insurers have deployed 279 survey teams in the flood-hit Jammu & Kashmir to assess the damage and loss of properties, Businessworld reported citing an official spokesman.
Published September 29, 2014 - 5:35am CST
Insurers in Europe are raising capital from subordinated bond markets to strengthen themselves ahead of regulatory moves, reports Reuters.
Published September 29, 2014 - 5:34am CST
China's insurance sector has posted 1.426 trillion Chinese yuan ($232.01 billion) in insurance premium income during the January to August period, up 19.4%, figures from the China Insurance Regulatory Commission show.
Published September 29, 2014 - 5:32am CST
T.S. Vijayan, chairman of India's Insurance Regulatory Development Authority, has said that the country's insurance industry requires a major capital influx amounting to more than 500 billion Indian rupees ($8.13 billion), reports The Siasat Daily.