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Asian Insurance Review 12/15/2019 22:00
The World Bank last week approved a $275m Disaster Risk Management Development Policy Loan for Morocco that contains a Deferred Drawdown Option for Catastrophe Risks (Cat DDO) designed to both help the country strengthen its capacity to manage the financial impact of natural disasters and climate-related shocks, and to upgrade its institutional framework for disaster risk management.
Asian Insurance Review 12/15/2019 21:18
Australia's Underwriting Agencies Council (UAC) appointed four new directors and a new chair at its annual general meeting (AGM) last week. Retiring directors namely Mr Kurt Nilsen from Lion Underwriting and Mr Eric Lowenstein from Tego were re-elected for two-year terms. Meanwhile, Ms Jeanene Hill from Canopius, and Mr Anthony Porter from AFA will join them as new directors.
Asian Insurance Review 12/15/2019 15:00
The Monetary Authority of Singapore (MAS), the General Insurance Association of Singapore (GIA), the Life Insurance Association (LIA) and the Singapore Reinsurers' Association (SRA), have established the Insurance Culture and Conduct Steering Committee (ICCSC) to foster sound culture and strengthen standards of conduct among insurers in Singapore.
Asian Insurance Review 12/14/2019 22:01
Ms Nor Shamsiah Mohd Yunus, governor of Bank Negara Malaysia will take over the chair of the Islamic Financial Services Board (IFSB) while Mr Mubarak Rashed Khamis Al Mansoori, governor of the Central Bank of the UAE will be the deputy chairperson, according to the IFSB council. The new appointments will take effect on 1 January 2020. Ms Nor Shamsiah takes over the chair from Mr Fazle Kabir, the governor of the Bangladesh Bank.

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