The Auckland High Court has ordered the insurer, a subsidiary of Suncorp New Zealand, to pay the reduced fine for failing to apply multi-policy discounts to nearly 42,000 customers
Bupa Hong Kong's commitment to a Net Zero future, achieved through major reductions in energy and water consumption, recognised with the LEED Gold certification.
Aon predicts APAC employers to see 9.7% rise in medical plan costs in 2024, driven by factors including return to pre-pandemic health care levels, high-cost treatments, chronic diseases, and global economic...
Smith spoke at the Insurance Council of Australia's Annual 2023 Conference and emphasised importance of balance in the face of issues like cost-of-living pressures and natural catastrophes.
A model created by Lloyd's predicts that a food supply shock event could result in between US$3 trillion to US$18 trillion in global economic losses, with Greater China and APAC most vulnerable.
The solution will use TPIsoftware's InsureBrick framework to build a customised system aimed at enhancing the P&C insurer's efficiency, flexibility, and customer service.
China's insurers saw its investment portfolio grow by over 10% last year, however insurers are grappling with dwindling yields, limited investment options, and negative spreads due to declining interest...
