Shipping: Too soon for optimism in ocean hull insurance sector - IUMI
Overall, the ocean hull sector is improving but it is not yet certain how sustainable that improvement will be, according to Mr Rama Chandran, chairperson of the Ocean Hull Committee of the International Union of Marine Insurance (IUMI).
Gloomy insurers look to 'virtuous circle' of loss prevention
Marine insurers find little to be cheerful about these days. Rama Chandran, chairperson of the Ocean Hull Committee of the International Union of Marine Insurance (IUMI) expressed concern over the long-term sustainability of the hull and machinery insurance sector.
Processing insights into results
Steve Wilson, Regional Head of Claims, QBE Asia shares how our claims processes continue to get more streamlined and sophisticated and how this has changed our business.
Jason Hammond, chief executive of QBE Asia, discusses the low take-up of cyber insurance and how his firm aims to take the pain out of the overall claims experience for clients.
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Insurers tighten cyber cover terms, raise premiums amid cyber attacks
Firms with inadequate risk management protocols may find their cover reduces or withdrawn altogether, particularly in terms of ransomware risk. QBE Asia, Head of Financial, Professional and Casualty lines, Arati Varma, said around 40 per cent of large organisations are believed to buy cyber protection. But take-up among small and medium enterprises (SMEs) is far lower.
QBE Asia builds digital footprint with new insurance initiatives
Today’s “no-contact” pandemic has challenged businesses to find ways to continue operating and supporting customers, without the need for physical interaction. This has created an urgency for businesses and industries—many of which have operated unchanged for decades—to digitalise their operations quickly and effectively to ensure business continuity.
An emphasis on digital
QBE has had a good year, despite COVID-19 hitting the business hard. Asia CEO, Jason Hammond shares with Asia Insurance Review about QBE’s plans for the post-COVID environment with an emphasis on digitalisation.
Rama Chandran, Head of Marine Singapore and Head of Hull & Marine Liability Asia, named Top 10 in Lloyd's List for Marine Insurance
Asia is catching up fast in hull insurance and leading the way in its emergence is Rama Chandran, head of marine at QBE.
Asia CEO, Jason Hammond, named in The Insurance Business Global 100 list for the second consecutive year
Asia CEO, Jason Hammond, who has been named in The Insurance Business Global 100 list for the second consecutive year. The list features outstanding industry professionals and leaders who are making a positive difference and helping drive change across the sector and their own companies.
Securities Class Action Risk in South East Asia’ co-authored by QBE Asia, Head of Financial, Professional and Casualty Lines, Arati Varma
South East Asia is a very diverse group of countries – from its language and customary practices, legal frameworks to its regulatory oversight. This article gives a high-level review of some of the common issues affecting securities collective actions across the region. In summary, South-East Asia remains a low-risk region for securities class actions for the reasons outlined. However, directors and their insurers should not be complacent and ignore the risk of exposure to US class actions.
QBE’s Hammond on transformation and growth
CEO Asia, Jason Hammond, recently spoke with Insurance Asia News and shared about the restructuring process and transformation, and his outlook on the Asian markets’ growth opportunities, broker consolidation and the rise of digital and insurtech in the post-Covid environment.