Allianz Trade eyeing 20% growth in Indian trade credit insurance amid global slowdown
With a global economic deceleration looming, Allianz Trade sees India as a key propeller for growth — driven by rising middle class, consumer spending, and buoyant IT exports.
Himalayan Everest, NEF, and Rockefeller Foundation partner on insurance and microinsurance products for Nepal
The insurance and microinsurance solutions aim to help protect vulnerable Himalayan communities impacted by climate change.
AM Best retains negative outlook on Indonesia’s non-life insurance sector
AM Best continues to project a negative outlook for Indonesia’s non-life insurance sector, citing increased reinsurance credit risk and pressure on underwriting margins as key factors.
Indian insurtech Onsurity raises US$24M in Series B funding round led by IFC
The round brings total funding for the insurtech to nearly US$40m, as it aims to scale its SME-focused, subscription-based healthcare insurance offering.
Global: Mikey Anthony to spearhead Pacific Life Re’s ESG initiatives in new role as Assistant VP of Sustainability
Mikey Anthony takes on the recently created position and is tasked with advancing the reinsurer’s ESG initiatives and ensuring environmental and regulatory compliance.
Jonathan Allard joins Gallagher Re to lead newly created Global Credit & Political Risk team
The experienced Allard joins from Renaissance Re where he was Vice President of Underwriting.
bolttech and Trip.com launch embedded travel insurance product for Hong Kong
The partnership provides Hong Kong-based customers the opportunity to purchase bolttech’s ‘TravelCare’ product directly through the Trip.com app.
General Insurance Association of Japan launches VR earthquake simulator tool
The GIAJ and National Research Institute for Earth Science and Disaster Resilience collaborated to develop the tool to help the Japanese public better understand earthquake risk and the importance of insurance.
South Korean insurance CEOs anticipate continued profit surge in 2024
Korean C-suite expects increased profits, independent of significant lift provided by IFRS 17 and despite increased competition and economic uncertainties.
Cedents paying price for substandard data through reinsurance rate hikes: Supercede
A report from the insurtech highlights competitive advantage for those who use good data and a 5-10% ‘data distrust tax’ for those who don’t.
