News

Global catastrophes drive near-record insurance losses worldwide in H1 2025

July 22 2025

Major events in Australia, Myanmar, and Thailand drove significant insured and economic losses in APAC during the first half of 2025.

typhoon-wipha-leaves-hong-kong-counting-economic-losses-of-up-to-hk2bn

Asia feels Typhoon Wipha’s toll, but HK insurance claims forecast well below Saola

July 22 2025

Wipha left a trail of damage across multiple countries, forcing evacuations, suspending flights and highlighting ongoing nat cat risks.

tokio-marine-amp-nichido-to-offer-wildlife-damage-insurance-policy

Tokio Marine to launch insurance for property damage from bear control operations

July 21 2025

New policy follows legal changes expanding the use of rifles for wildlife control in urban areas amid rising bear attacks.

generali-introduces-new-club-to-drive-mdrt-qualifiers-in-asia

Generali introduces new initiative to drive MDRT qualifiers in Asia

July 21 2025

New Agency Builder Club forms part of Generali’s broader strategy to grow its agency force in key Asian markets.

AM Best revises outlook for PICC HK to 'Positive' on diversified business, capital strength

July 21 2025

The insurer achieved a 65% growth in GWPs from 2020 to 2024.

tonga-eyes-expanded-pcric-disaster-cover-with-us1m-premium-plan

Tonga makes commitment to expand parametric cover with PCRIC

July 21 2025

Proposed renewal would broaden Tonga’s parametric insurance to include drought for the first time.

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

ACCC delays decision on IAG’s proposed takeover of RAC underwriting operations

July 21 2025

The competition watchdog has set 2 October as the new provisional release date for its findings.

Allianz, Jio Financial announce 50:50 reinsurance joint venture in India

July 19 2025

Businesses also signed a non-binding agreement to explore further JV opportunities in India’s life and general insurance markets.

arag-se-exits-australia-amid-unmet-business-expectations

ARAG exits Australia as business expectations fall short

July 18 2025

The company had been operating as an MGA in the country.

Suncorp expands disaster response with new regional hub in Townsville

July 18 2025

Suncorp CEO Steve Johnston says the new facilities will improve the company’s ability to aid customers affected by extreme weather in the region.

Moody's upgrades FWD Group's ratings on improved profitability, capital position post-IPO listing

July 18 2025

Moody's noted FWD's HKEX trading debut strengthened its financial flexibility and capital buffer.

chinese-regulator-requires-unified-reporting-and-sales-in-non-auto-insurance

China's NFRA proposes unified reporting and sales rules for non-life insurers

July 18 2025

The new standard would require insurers to sell products at prices that match pricing and expense assumptions filed with regulators, but exclude specified lines such as motor and agriculture.

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