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  • Berkshire Hathaway Specialty Insurance opens office in Paris, names Fran├žois-Xavier d'Huart as country manager

    Berkshire Hathaway Specialty Insurance (BHSI) announced that it has received its insurance license in France, established a new office in Paris, and appointed Mr Fran├žois-Xavier d'Huart as country manager.

    People | 14 Jun 2019
  • Here's another reason for critical illness insurance - the impact on caregiver's career

    When it comes to insurance, some argue that only economically active people or people with dependents should need insurance. So it is not uncommon to hear "My son/daughter/wife/husband is not working, so we don't need insurance for him/her." Common but foolish, especially when it comes to critical illnesses or disability. Here's why.

    Agents | 12 Jun 2019
  • Support for Task Force on Climate related Financial Disclosures (TCFD) growing

    The second status report of the Task Force on Climate-related Financial Disclosures (TCFD) released recently, focuses on the continued progress of companies in disclosing information on climate-related risks and opportunities. The final TCFD recommendations were released in June 2017.

    Asia Risk | 12 Jun 2019
  • In a first, G 20 takes note of ageing as a global risk

    The world's top policymakers have for the first time taken note of economic issues relating to rapidly ageing populations and shrinking birth-rates which lead to ballooning healthcare costs, labour shortages and financial services for the elderly.

    Asia Risk | 12 Jun 2019
  • Opportunities and risks in financial innovations

    International Monetary Fund (IMF) managing director Ms Christine Lagarde has said "Asia, like the rest of the world, is facing a defining moment: How to manage the risks of fintech without suffocating innovation; how to keep up with rapid fintech innovation, while making sure consumers and investors feel secure in their investments.

    Asia Risk | 12 Jun 2019
  • The DNA of a Systematic Automotive Failure

    With so many exaggerated Hollywood depictions of car hacking scenarios, it's easy to become absorbed - to imagine a future in which cars are hacked by criminals or terrorists and used as weapons. While there are reasons why such scenarios haven't yet taken place, could they? And if so, how can we prevent them?

    Asia Risk | 12 Jun 2019
  • FM Global shares new fire protection and installation guidance for lithium-ion energy storage systems

    Lithium-ion battery-based energy storage systems (ESS), in high demand for supplying energy to buildings and power grids but under scrutiny for recent fires and explosions, are the focus of new fire protection and installation guidance from FM Global, one of the world's largest commercial property insurers.

    Asia Risk | 12 Jun 2019
  • Current reinsurance pricing movement is firming - S&P

    Reinsurers saw increases in pricing over the April and June renewals, with property catastrophe rates going up in the 15% to 25% range on loss affected accounts. This followed a disappointing pricing trend in 2018 and early 2019, according to S&P's latest report. Despite the magnitude of the catastrophe losses in 2017-2018, global reinsurance pricing in aggregate was flat to up 5% in 2018 and flat to up 3% during the January 2019 renewals.

    AIRPlus | 11 Jun 2019
  • Majority of consumers would welcome self-driving cars

    A majority of consumers have a positive attitude toward self-driving cars, and are awaiting their introduction with 'anticipation', according to a survey conducted by the consulting group Capgemini.

    AIRPlus | 10 Jun 2019
  • Global reinsurer boosts risk transfer capacity amid Nat CAT

    SCOR obtained a multi-year risk transfer capacity of $250m to protect itself against named storms in the US, earthquakes in the US and Canada as well as windstorms in Europe after the reinsurer successfully sponsored a new catastrophe bond. Called 'Atlas Capital UK 2019', the risk period for the CAT bond will run from 1 June 2019 to 31 May 2023.

    Asia | 06 Jun 2019