News

wtw-soft-market-persists-for-asias-energy-insurers-amid-rising-upstream-losses

Soft market persists for Asia’s energy insurers in 2024 despite rising upstream losses: WTW

April 10 2025

Upstream losses in 2024 exceed US$1.3bn globally, with two of the three largest events occurring in Asia.

accc-delays-decision-on-iagracq-and-allianzraa-insurance-deals

ACCC delays decision on IAG–RACQ and Allianz–RAA deals

April 10 2025

Regulator says it wants to gather further information before making a decision.

Korean insurers consider launching earthquake cover following Japan quake: Report

April 9 2025

Earthquake cover is not currently a stand-alone product in the market, but recent events are prompting a reassessment of risk.

axa-thailand-looking-to-product-diversification-and-ma-for-growth-report

AXA partners with Ant Bank, AlipayHK on embedded insurance solutions

April 9 2025

AXA to offer insurance solutions through Alipay platform, beginning with life and savings products before expansion later this year.

China raises equity investment cap for insurers amid global market volatility

April 9 2025

NFRA encourages insurers to invest in strategic industries to support domestic stability and growth.

Bermuda Monetary Authority calls for more visibility on asset-intensive reinsurance deals

April 9 2025

BMA mandates stricter disclosure requirements amid rise in AIR deals, including in Asia.

Swiss Re to be appointed co-investment manager of GAM’s ILS fund range

April 8 2025

Swiss Re will handle investment and portfolio management, while GAM will oversee risk and manage global distribution and product structuring.

Cyclone Alfred leads to largest number of property claims in RACQ's history

April 8 2025

Insurer's losses estimated up to A$220m (US$133m), with Cyclone Reinsurance Pool expected to cover most of the figure.

MNK Group launches unified brand across global operations

April 8 2025

The rebrand integrates broking, MGA, and risk-taking entities under a single structure, including operations in Asia Pacific.

China launches new system to report medical insurance fraud

April 8 2025

NHSA introduces WeChat-based reporting for medical insurance fraud with rewards for valid leads.

China encourages insurers to set up private fund firms

China encourages its insurers to set up private funds

April 8 2025

New financial technology plan calls on industry to set up private fund firms, a move which could bring benefits to domestic markets while enhancing insurer's solvency ratios.

Australia's GI Code Governance Committee sees improved compliance as breaches decline

April 8 2025

Insurers reported 67,394 breaches of the Insurance Code of Practice in 2023–24, marking a 13% decline from the previous year.

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