News

Philippine insurance penetration rises to 1.89% in Q1 2025

May 23 2025

Life and non-life insurers saw income growth, while MBAs posted asset gains but a drop in surplus due to rising costs.

zenkyoren-partners-with-sv-on-us100m-earthquake-cat-bond-covering-japan-and-germany

Zenkyoren partners with SV on US$100m earthquake cat bond covering Japan, Germany

May 22 2025

The Liongate Re bond offers three years of cover, combining indemnity protection for Japan and parametric cover for Germany.

Resolution Life signs Asset-Intensive Reinsurance deal with Anshin Life

May 22 2025

Anshin Life will continue to service policies while transferring portfolio risks to Resolution Life.

Aon, Moody’s add commercial risks to reinsurance casualty tie-up

May 22 2025

The partnership extends to climate-linked casualty and over 300 emerging risk perils.

iag-to-acquire-90-of-racqs-underwriting-business

ACCC greenlights IAG’s acquisition of RACQ Insurance stake

May 22 2025

Approval represents a key milestone in the deal, with the competition watchdog concluding the market will remain competitive following the acquisition.

state-run-new-india-assurance-to-release-climate-risk-cover-for-retailers-businesses-reports

New India Assurance to launch parametric insurance product in May: Reports

May 22 2025

State-run insurer is set to roll out a climate risk parametric insurance product for retail and business clients this month.

capital-woes-hound-kdb-life-at-risk-of-troubled-insurer-label

KDB Life at risk of 'troubled firm' status after capital adequacy decline

May 22 2025

The insurer cites IFRS 17 and lower discount rates as reasons for its capital drop, but says it can still meet policyholder obligations.

australian-insurance-council-declares-significant-event-for-flood-hit-nsw

NSW hit by record floods as 'one-in-500-year' event leaves 50,000 stranded

May 21 2025

The Insurance Council of Australia has declared the flooding a significant event.

ping-an-launches-global-version-of-disaster-risk-platform-eaglex

Ping An P&C launches global version of disaster risk platform EagleX

May 21 2025

Platform uses AI and remote sensing data to help manage natural catastrophe risks.

Geneva Association urges major resilience reforms to keep home insurance afloat in markets like China and Australia

May 21 2025

Association is calling for urgent resilience investments and structural reforms to prevent home insurance markets collapsing under the weight of climate-driven losses.

bajaj-group-moves-to-buy-out-allianzs-26-stake-in-indian-insurance-jv-for-us2-9bn

CCI approves Bajaj’s acquisition of Allianz stakes in insurance joint ventures

May 21 2025

This move, first agreed in March, will increase Bajaj Group’s ownership in the JV's from 74% to 100%.

arpc-logs-9399-total-claims-with-majority-related-to-home-coverage

Australia's Cyclone Reinsurance Pool logs 9399 claims to Dec 2024

May 21 2025

Most claims under the cyclone pool stemmed from Tropical Cyclones Jasper and Kirrily up until 31 December 2024.

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