News

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.

Ransomware Attack Disrupts Korea's Largest Guarantee Insurer: Report

July 17 2025

The ransomware attack has stalled Seoul Guarantee Insurance's services and impacted critical sectors, including the country’s rental housing market.

Zurich Kotak launches EV protect as Tesla enters Indian market

July 17 2025

The policy includes protection for EV batteries, motors, and home charging units.

kiwi-general-insurance-secures-initial-regulatory-approval

Kiwi General Insurance gets first-stage approval from India’s insurance regulator

July 17 2025

R1 approval marks first step for joint venture to become a licensed general insurer in the country.

singlife-gxs-bank-collaborate-to-embed-insurance-in-new-investment-solution

Singlife, GXS Bank partner to embed personal accident cover in bank's new investment platform

July 16 2025

The collaboration brings an insurance component to cash management products, targeting retail investors seeking both protection and liquidity.

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