Despite two record nat cats in 2023, excess-of-loss reinsurance, strong capital adequacy, and inflation should provide stability and growth for NZ non-life market, though constrained reinsurance capacity...
A 2023 survey conducted by ASIC reveals considerable cyber security weaknesses in Australian businesses, prompting a rally call from the regulator for improved cyber practices.
Amidst economic uncertainty, Singapore's life insurance industry sees a decline in single-premium policies but a robust uptake in annual premiums and health insurance plans, reports the Life Insurance...
Attack on KMAX Ruler, which was due to transport iron ore to China, led to a fatality and injuries to Filipino crew, prompting a sharp increase in marine war risk premiums.
Rainfall in September and October falls to 71% and 65% below average respectively, with Bureau of Meteorology predicting sustained dry conditions as El Niño and associated risks takes hold.
Ergo-Fesco Insurance Brokerage and BMW (China) granted approval to set up operations, as the NAFR looks to increase foreign investment in the domestic (re)insurance industry.
