News

allianz-to-underwrite-mitsubishis-new-dealership-distributed-motor-insurance-product

Allianz Australia to underwrite Mitsubishi's new dealership-distributed motor insurance product

May 6 2025

The new product line will allow direct access to insurance policies at the car dealership.

RBI equips India’s insurers with new bond hedging tool

May 6 2025

Insurers can now leverage bond forwards for more precise protection against interest rate volatility.

market-lane-launches-ml-specialty-for-product-contamination-amp-recall-environmental-impairment-liability

Australia's Market Lane launches ML Specialty

May 6 2025

New MGA offers targetted coverage in three core areas, including a capacity of up to A$10m (approx. US$6.5m) for F&B contamination.

Indian insurers to push for removal of GIC Re’s 4% obligatory cession: Report

May 6 2025

In February, IRDAI confirmed the 4% obligatory cession rate would remain for FY2025–26.

Taiwan regulator summons life insurers amid currency surge, US bond pressures: Report

May 5 2025

FSC calls on insurers to assess portfolio risk after Taiwan dollar's surge, spurred by exporters and potentially influenced by insurers themselves.

woori-financial-receives-regulatory-approval-to-acquire-tongyang-life-and-abl-life

Woori Financial receives conditional regulatory approval to acquire Tongyang Life, ABL Life

May 5 2025

Decision follows months of review and includes oversight to ensure Woori implements internal reform and capital plans.

uaa-renews-10-year-underwriting-deal-with-qbe

Steadfast's UAA Secures 10-Year capacity renewal with QBE

May 2 2025

Underwriting Agencies of Australia has renewed its agreement with QBE, ensuring ongoing capacity for its mobile plant and equipment insurance operations across ANZ.

hsbc-launches-hong-kongs-first-local-multinational-captive-insurer

HSBC forms first captive insurer by a multinational enterprise based in Hong Kong

May 2 2025

Launch marks new milestone in SAR's ongoing push to be Asia’s leading risk management hub.

global-data-projects-new-zealand-life-insurance-market-to-reach-us4-73bn-by-2029

New Zealand general insurers record GWP growth and strong underwriting recovery in 2024: ICNZ

May 1 2025

NZ's insurance sector rebounds following Cyclone Gabrielle and Auckland floods

South Korea's Hanwha General Insurance increases stake in Carrot to 98.3%

May 1 2025

Hanwha increases its stake in the digital non-life insurer from 88.3% with KRW 205.6bn (US$144.43m) share acquisition.

indiafirst-life-becomes-first-life-insurer-to-start-gift-city-operations

Insurance Brokers Association of India launches chapter in GIFT City

May 1 2025

The move aims to expand the association's global insurance market presence.

May 1 2025

Insurance Council of Australia adds that claims have nearly reached A$1bn (US$640m).

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