Asia Pacific

FSA warns Japan's insurers to uphold governance amid global expansion

Internal audit and governance must be enhanced as operations expand, watchdog says

Thailand's KWI Life wins breathing room for capital raising

China Taiping reinsurer launches cat bond in Hong Kong

Bond covers two natcat risks in US and China, respectively

InsuranceERM's 2024 review: Tougher regulatory action on AI

Strong reinsurer appetite drives loss-free property cat rates down at 1 Jan renewals

But prices rise up to 30% for loss-affected books, says Guy Carpenter

Malaysian regulations to enhance insurance penetration, says AM Best

The rating agency maintains a stable outlook for the country's non-life insurers

AI unlikely to replace physical-based flood models, says Fathom co-founder

Nevertheless, Fathom contributes to AI tool for visualising future flood events

Reask, JBA and Tremblor model risk for Pacific cat insurance programme

Nippon Life sets 30% earnings contribution target from foreign business

Japanese wants to buy Resolution Life and MLC outright in separate deals

Allianz reportedly set to abandon Income Insurance deal in Singapore

But CEO reiterates group's commitment to Asia

Winners of InsuranceERM's Asia Pacific 2024 awards revealed

The awards recognise those that have excelled in insurance risk management in Asia Pacific

Resolution Life bought for $10.6bn by Nippon Life

Will accelerate growth in the trillion-dollar global life and annuity consolidation market

Tokio Marine targets human rights risks with updated policies and safeguards

Japanese insurer steps up action on human rights issues across its value chain and investments

FSB identifies 13 insurers subject to its resolution planning standards

Firms are not considered systemically important by virtue of inclusion

Thai regulator orders capital replenishment at KWI Life