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Reprints
The Reserve Bank of New Zealand said that local insurers are increasingly using granular data on risk exposures and historical claims to price risks more accurately, Asia Insurance Review reported. The central bank said that risk-based pricing is expected to help insurers change levels of coverage and assess climate change risks in disaster-prone regions.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms