Following an on-site inspection carried out by Hong Kong's Insurance Authority (IA) under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (AMLO)1,2, FWD Life Insurance Company (Bermuda) has been ordered to pay a pecuniary penalty of HK$19.5m ($2.5m).
The Pan-Asia Risk and Insurance Management Association (PARIMA) has successfully concluded its Next-Gen Risk Takers Challenge - Beijing Edition, a dynamic speaking competition designed to empower emerging risk professionals by providing them with a platform to share their insights, experiences and perspectives with a live audience.
Businesses across Asia and the Middle East respond quickly when crises strike, while far fewer remain involved in the long-term recovery and resilience-building that follows.
Liberty Mutual Insurance has appointed Mr Shaun Sinniah as Head of Capital Solutions for Global Risk Solutions (GRS). This newly created role supports GRS's strategy to strengthen the connection between its risk and capital capabilities.
Risks are becoming increasingly interconnected, creating new pathways through which relatively contained shocks can ripple faster and further through the economy, revealed a new joint analysis by Swiss Re Institute and London School of Economics (LSE).
The Financial Supervisory Service (FSS) has reported a 9.1% rise in insurance fraud, specifically in motor and long-term insurance, over the same period in 2025, reported the Chosunbiz.
Insurers in New Zealand have called upon the Government to replace the Fire and Emergency New Zealand (FENZ) levy on insurance policies, saying the current system is outdated, not fit-for-purpose, and unnecessarily adds to the cost of insurance for households and businesses.
The biggest threat to preserving wealth across generations may not be market volatility or family conflict, but whether beneficiaries are ready to manage what they inherit, according to new research by Sun Life Asia.
Aon has promoted Ms Jane Drummond to the role of Global Chief Commercial Officer (CCO), effective 1 January 2027. She will report to Mr Andy Marcell, Deputy CEO and SEVP, Risk Capital and Human Capital for Aon, and will serve as a member of the Aon Executive Committee.