News

asic-urges-home-insurers-to-strengthen-oversight-consumer-communication-after-2022-floods-review

ASIC tells property insurers to strengthen oversight, improve consumer communication

June 6 2025

Commissioner Alan Kirkland said insurers "still have more work to do" to strengthen oversight of independent experts and improve their claims handling processes.

central-bank-of-india-acquires-major-stakes-in-future-generali-life-general-insure

Central Bank of India finalises acquisition of stakes in Future Generali insurance units

June 5 2025

The state-owned lender enters insurance industry after securing regulatory approval to buy FEL’s shares in the life and general insurance JVs.

anshin-life-strikes-third-air-deal-in-months-this-time-with-rga

RGA and Anshin Life team up again as Japanese insurer announces third AIR deal in two weeks

June 5 2025

Anshin Life’s latest coinsurance agreement follows asset-intensive reinsurance deals it announced with Pacific Life Re and Resolution Life in late May.

hong-kong-relaxes-rules-for-indexed-universal-life-policies-sold-to-rich-clients

Resolution Life seals its first Hong Kong AIR deal in US$1bn block transaction

June 5 2025

Resolution Life’s latest US$1bn reinsurance agreement with an unnamed Hong Kong life insurer follows its May transaction with Japan’s Anshin Life.

south-koreas-non-life-insurers-see-stable-growth-amid-growing-capital-strains-am-best

Regulatory changes and interest rate shifts test South Korea’s non-life insurers: AM Best

June 5 2025

Ratings agency maintains stable outlook for the sector, with long-term insurance and steady investment helping to offset changing capital pressures.

gcash-adds-free-insurance-coverage-to-prepaid-load-purchases

Philippines' fintech GCash adds free A&H insurance to prepaid mobile credit purchases

June 5 2025

Insurance is underwritten by FPG Insurance and provided through GCash's in-app platform, GInsure.

Bolttech raises US$147m in Series C funding, reaches US$2.1bn valuation

June 5 2025

Series C round included new investors Sumitomo Corporation and Iberis Capital.

lic-rejects-ustrs-claims-of-uneven-playing-find-in-indias-insurance-industry

ICRA flags potential US$2bn capital gap for India's state-run insurers

June 4 2025

India’s public sector general insurers continue to face pressure from weak combined ratios, low returns and may require a sizeable capital infusion by FY2026.

giaj-tells-japanese-non-life-insurers-to-set-clear-deadline-to-offload-strategic-shareholdings

Fitch: Dai-ichi's M&G stake to boost profits, diversification

June 4 2025

Dai-ichi’s planned 15% stake in London-based M&G is projected to raise Japanese life insurer's annual profit by JPY15bn (US$105m).

fidelis-secures-us90m-herbie-re-cat-bond-covering-japan-australia-nz-risks

Fidelis closes US$90m cat bond covering Japan, Australia, NZ risks

June 4 2025

Issued through Herbie Re, the issuance covers losses from a variety of nat cats including storms, earthquakes, wildfires, and tropical cyclones.

asic-targets-insurance-misconduct-as-complaints-soar-and-climate-risks-intensify

ASIC sues Choosi for allegedly misleading customers on insurance comparisons

June 3 2025

The regulator claims Choosi only compared policies from a single insurer despite advertising broader options.

RGA, Dai-ichi ink US$1bn AIR deal

June 3 2025

Latest transaction marks the sixth asset-intensive reinsurance deal in Japan this year.

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