News

taiwan-life-doubles-losses-in-may-as-nt-value-continues-to-spike-report

Taiwan Life Insurance Co. doubles losses in May following TWD surge: Report

June 10 2025

Analysts are calling for improved asset-liability management among Taiwanese life insurers amid ongoing forex risks.

BHSI launches new management liability policy for Australia's life sciences sector

June 10 2025

New policy addresses management liability needs unique to life sciences, biotech, and pharmaceutical firms and is specifically designed for the R&D ecosystem.

acil-warns-it-will-push-for-government-appointed-assessors-over-poor-claims-handling

ACIL urges insurers to fix cash settlement processes or face government-appointed assessors

June 9 2025

Homeowners often receive unclear and inadequate cash settlements that fail to cover the full cost of repairs, says consumer watchdog.

report-indias-transport-ministry-considering-tp-premium-increase-following-regulators-proposal

India considering 18% hike for third party motor premiums: Report

June 9 2025

IRDAI has recommended an average of an 18% increase amid high loss ratios and rising claim costs.

new-zealand-secures-nz10-3bn-in-reinsurance-to-protect-homeowners-from-natural-disasters

NZ's Natural Hazards Commission secures NZ$10.3bn in reinsurance for 2025 renewal

June 9 2025

Figure is NZ$1.15bn (US$690m) higher than the previous year's total reinsurance cover.

report-thai-insurers-on-edge-as-ev-risks-mount-amid-neta-parents-financial-troubles

Thai motor insurers on edge as Neta Auto's finances worsen: Report

June 9 2025

Thailand’s insurers, under strain from rising EV costs, now face fresh uncertainty due to concerns about the parent company of an EV manufacturer.

australian-federal-court-rules-in-favour-of-auto-general-in-asic-legal-battle-over-policy-terms

Australian court dismisses ASIC appeal against Auto & General’s ‘unfair’ insurance clause

June 9 2025

Decision follows regulator's claims that policy wording placed unclear obligations on customers across several major insurance brands.

spike-in-significant-breaches-highlights-systemic-weaknesses-in-australias-life-insurance-sector

APRA, ASIC report early progress on life insurer reforms

June 9 2025

However regulators added that the long-term impact on the reforms remain to be seen.

former-china-construction-bank-manager-charged-with-bribery-linked-to-vesttoo-related-fraud

Hong Kong authorities charge former CCB employee in Vesttoo case

June 9 2025

Charges relate to alleged acceptance of over US$470,000 in cryptocurrency to supply false letters of credit.

manulife-to-shift-legal-domicile-from-bermuda-to-hong-kong-report

Manulife set to become second insurer to redomicile in Hong Kong under new regime

June 7 2025

Planned move comes following recent legislative reforms that simplify the process for companies to re-domicile to Hong Kong.

OCBC offers US$699.7m for remaining 6.28% stake in Great Eastern ahead of delisting vote

June 6 2025

The offer requires approval from 75% of minority shareholders to proceed.

Manulife Philippines, Chinabank renew bancassurance partnership

June 6 2025

The partnership has been renewed for another 15 years.

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