``We believe the pricing cycle has most likely passed its peak and...
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20TH SIRC: Singapore Dy PM Gan Kim Yong to deliver keynote address
“With the strong line-up of panels and a dynamic meeting agenda...
Businesses in APAC taking longer to convert working capital into cash, affecting liquidity: Aon
According to the report, the average days receivable for Asia...
Generali enters exclusive talks to buy Credit Agricole’s La Medical
Italian major Assicurazioni Generali SpA entered into exclusive talks with French banking major Credit Agricole CAGR.PA to buy the bank's health insurance unit La Medicale, both companies said in a joint statement on Wednesday. Generali would also buy the...
Higher ransomware claims push up USA CYBER PRICES
Cyber once again saw a record increase in premiums in Q3 2021, at 27.6%. Respondents agreed that one of the primary drivers behind these increases was the rise in cyberattacks, specifically ransomware, phishing, and social engineering attacks. Cyber had been...
Wall Street’s $22 Trillion Ticking Carbon Time Bomb
Banks in Turkey, Russia, Indonesia, India and China are most exposed to carbon-transition risk, with three sectors—manufacturers, transportation companies, and power producers and other utilities—accounting for more than 75% of the potential bad loan exposure, Moody’s...
Singapore’s DBS suffers second day of online banking disruption
Singapore is the biggest retail and wealth management market for DBS, which also has operations in places including Hong Kong, Indonesia and India. Singapore: DBS Group Holdings Ltd , Southeast Asia's largest bank, is facing disruptions in its online banking services...
JPMorgan named most important bank to health of world’s financial system
Being included in the table means having to hold additional capital and undergo more intense supervision to avoid a repeat of taxpayer bailouts in the banking crisis over a decade ago. In practice, the lenders typically hold capital buffers that are already above FSB...
$1.3 trillion of Asian wealth set to change hands in succession planning
Of the more than 1,000 publicly-listed family-owned or founded companies tracked by Credit Suisse globally, the clans of Asia dominate, with a combined market value of about $5.8 trillion. The total wealth of India’s family empires is valued at some $1.5 trillion...
General insurance industry in Singapore to reach $4.2bn in 2025:GlobalData
An analysis of GlobalData’s Global Insurance Database reveals that motor insurance was the largest general insurance line in Singapore with a GWP share of 25.8% in 2020. Electric vehicles sales grew by over 80% during September 2020–2021, supporting the demand for...
New Zealand to move into New Covid Protection System on Dec 3
The simplified framework has three levels: green, orange, and red. Vaccine certificates will provide greater freedom at each level. Wellington: New Zealand will move into the new Covid-19 traffic light system on December 3, which provides the ability for businesses...
Aon appoints Jillian Slyfield as Chief Innovation Officer
"In a world that is more volatile, interdependent and faster moving than ever before, the risks our clients face are becoming more frequent and severe and the need for better decisions has never been greater," said Aon CEO Greg Case . CHICAGO: Aon plc, a leading...
US Policyholders pull back from digital claims in post-pandemic insurance world
"We're seeing some customers are heading back towards saying 'I was willing to do that during lockdown, but I want to go back to a place where I can see people and speak to them directly'," said Zurich's Group Chief Claims Officer Ian Thompson Across financial...