News

Aviation reinsurance faces potential recalibration amid heavy losses: Howden

September 5 2025

Aviation reinsurers face mounting pressure from recent losses and retrocession concerns, with signs pointing to a hardening market as year-end renewals approach.

Motor vehicle insurance was again the most complained about general insurance product

Eric Insurance creditors to vote on restructuring plan as APRA oversight continues

September 5 2025

The general insurer has ceased writing new business since June 2024.

south-koreas-fsc-suspends-mg-non-life-ops-transfers-contracts-to-bridge-insurer

MG Non-Life contracts transferred to bridge insurer

September 5 2025

Around 1.22m policyholders will retain coverage as contracts move from MG Non-Life to Yebyeol Insurance, pending transfer to other major insurers.

casualty-insurers-could-see-us5bn-growth-amid-rising-reserve-volatility-systemic-risks-aon-amp-moodys

Rising litigation fuels US$5bn opportunity in casualty reinsurance market: Aon & Moody's

September 5 2025

AI-led modelling could enable (re)insurers to address the challenges of emerging mass tort exposures and complex liability claims.

Blackpanda, Globe Business partner to expand Philippine cyber response coverage

September 5 2025

Partnership aims to make cyber response and protection more affordable for Philippine companies.

India abolishes GST for life, health insurance policies

September 5 2025

The GST relief is set to take place as of 22 September.

hong-kong-insurance-authoritys-draft-rules-on-rbc-gain-broad-support-from-insurers-professional-bodies

Hong Kong insurance broker Kepler targets Nasdaq listing with up to US$8.4m IPO

September 4 2025

The Hong Kong-based broker plans to offer 1.4 million shares at US$4-6 each.

OIC tells KWI Life to submit special audit, financial statements by end-October

September 4 2025

Regulator has kept KWI Life under close watch due to concerns about its financial stability, but notes the insurer has made progress by raising its capital.

File photo showing aerial view of local house in Chiang Rai after typhoon Yagi

Asia's catastrophe protection gap widens with only 12% of losses insured: Verisk

September 4 2025

Rising construction in high-risk areas and inflation are contributing to growing catastrophe exposure across Asia.

motor-vehicle-theft-claims-surge-in-queensland-victoria

Victoria motor theft claims hit record A$223m: Insurance Council of Australia

September 4 2025

National motor theft claims climbed 11% in volume and 20% in costs last financial year, according to ICA data.

accc-delays-decision-on-iags-proposed-rac-underwriting-takeover

ACCC raises competition concerns over IAG's proposed A$1.35bn acquisition of RAC Insurance

September 4 2025

The consumer watchdog is inviting industry feedback ahead of a final decision, which is planned for November.

over-300000-nat-cat-impacts-trigger-seadrifs-us2m-parametric-payout-to-lao-pdr

SEADRIF pays out US$2m to Lao PDR under new sovereign parametric insurance policy

September 4 2025

The new policy, issued in May and developed in partnership with Gallagher Re, uses human impact data as the trigger for payouts.

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25 September