News

Korean Re lands first-time 'A1’ IFS rating from Moody’s

May 21 2025

The reinsurer posted a high Korea Insurance Capital Standards (K-ICS) ratio at 191.7% in 2024, indicating sufficient capacity to handle unexpected losses.

malaysias-insurance-industry-growth-to-slow-for-third-consecutive-year-globaldata

Malaysia’s general insurance industry growth to slow for third consecutive year: GlobalData

May 20 2025

The organisation expects Malaysia’s insurance sector to post 6.6% growth in 2025.

SEADRIF, Philippine Government team up to improve resilience to natural catastrophes

May 20 2025

The tie-up aims to strengthen the Philippines’ financial resilience by scaling up insurance initiatives.

woori-financial-group-selects-ceos-for-tongyang-life-insurance-abl-life-insurance-reports

Woori Financial Group selects CEOs for Tongyang Life, ABL Life: Reports

May 20 2025

Group is set to acquire both insurers later this year.

FWD renews Hong Kong IPO push with fresh filing

May 20 2025

The insurer’s latest IPO attempt aims to boost capital for regional growth and digital investment.

Beijing hailstorm triggers 28,200 insurance claims: Report

May 20 2025

Estimates put insurance losses from the storm at 193m yuan (US$26.8m) so far.

ping-an-pampcs-maintains-motor-profitability-amid-nev-growth-shift

Ping An P&C maintains motor profitability amid NEV growth shift: AM Best

May 20 2025

Ratings affirmed as insurer reports a rebound in earnings.

Qubit launches digital asset insurance operations in Australia

May 19 2025

Move follows Qubit’s recent partnership with Canopius to offer digital asset custody and crime insurance products in Hong Kong.

mtaa-vhoices-fresh-concerns-over-iags-rac-deal

MTAA voices fresh motor club insurance concerns over IAG-RAC deal

May 19 2025

This is the third proposed acquisition of a motor club insurance business in six months.

chubb-launches-new-specialty-business-to-underwrite-climate-tech-related-risks-in-australia

Chubb Australia launches Climate Tech practice for low-carbon industries

May 19 2025

Product provides cover for companies developing technologies that help address climate change.

asic-fines-zurich-australia-a38000-for-trauma-insurance-claims-failures

ASIC fines Zurich Australia over denial of trauma insurance claims

May 16 2025

The insurer alerted regulator to its claims handling errors after identifying the mistakes during an internal review.

fitch-places-five-taiwanese-life-insurers-on-rating-watch-following-sharp-currency-gains

Fitch places five Taiwanese life insurers on Rating Watch following sharp TWD gains

May 16 2025

The agency affirms Chubb Life Insurance Taiwan’s National IFS rating at 'AA-(twn)'.

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