1. Global: 2010 has so far been an "exceptional" year for weather-related disasters, that included catastrophic floods in Pakistan, wildfires in Russia, and hurricanes in Mexico, reports Agence France
Presse citing an expert at global reinsurance giant Munich Re.
2. Indonesia: Govt planning disaster insurance scheme
The Indonesian government is planning to set up a disaster insurance scheme to cover financial losses and provide for emergency needs in the face of a string of tumultuous natural disasters that have struck the country in recent years.
3. India: Stable profitable growth forecast for life sector
The Indian life insurance industry is at the threshold of having stable profitable growth, according to a study by the Confederation of Indian Industry (CII) and international accounting firm, Ernst & Young (E&Y).
4. Hong Kong: AIA shares make strong debut
AIA's share price soared by 17% on the insurer's debut last Friday on the Hong Kong stock exchange, ending the day at HK$23.05 (US$2.97), compared to the IPO price of HK$19.68. The intra-day high was
HK$23.15.
5. China: Robust growth for insurance industry for Jan-Sep
China's insurance industry collected premiums of 1,132.43 billion yuan (US$169.75 billion) for the first nine
months of this year, up 32% year on year, according to the latest data from the China Insurance Regulatory Commission (CIRC).
Asia Insurance Review 1/11/2010
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