News

committee-flags-shortcomings-in-australias-cyclone-reinsurance-pool-calls-for-structural-reforms

Joint Select Committee urges changes to Cyclone Reinsurance Pool

March 28 2025

Recommendations include extension of 48-hour rule, enhanced resilience measures, and potential inclusion of marine insurance.

Mitsui Sumitomo agrees to purchase 15% of W.R. Berkley's stock

March 28 2025

Strategic alliance looks to leverage MSI's international reach, Berkley's speciality expertise.

insurance-industry-criticises-budget-for-overlooking-flood-resilience-measures

Budget missing 'much needed' disaster resilience measures: Insurance Council of Australia

March 28 2025

ICA says lack of new flood mitigation funding, failure to remove insurance taxes could worsen premium pressures.

South Korea battles historic wildfire emergency

March 28 2025

Country facing its worst ever wildfire crisis, with over 20 fires causing 28 fatalities and displacing more than 37,000 residents since 21 March 2025.

ifsca-establishes-standing-committee-to-bolster-gift-ifscs-insurance-ambitions

IFSCA forms standing committee to boost insurance presence in India's GIFT City

March 28 2025

Panel includes former heads of major Indian insurers and senior execs from global reinsurance and consulting firms.

fitch-forecasts-gradual-moderation-in-helias-performance-amid-rising-delinquency-rates

Fitch Ratings revises Helia Insurance outlook to negative

March 27 2025

Business's largest customer is exploring new lender mortgage insurer provider options.

Australia Disaster Ready Fund application deadline extended following severe weather events

March 27 2025

This funding is part of the Australian Government’s five-year, A$1bn programme to strengthen disaster resilience.

lic-to-acquire-40-49-stake-in-manipalcigna-valuing-the-insurer-at-inr35bn-report

LIC set to acquire 40-49% stake in ManipalCigna: Report

March 27 2025

Reported deal would value the health insurer at around at INR35bn rupees (US$408m).

indonesian-government-to-disband-pt-asuransi-jiwasraya-following-years-of-trouble

Indonesia’s PA&H insurance market projected to reach US$4.05 bn by 2029: GlobalData

March 27 2025

Analytics firm projects that premiums are expected to rise 14.2% in 2025 alone.

Kita increases capacity by 450% to meet rising demand for carbon insurance

March 27 2025

The increase allows the Lloyd's coverholder to insure carbon projects up to £22.5m/€22.5m (approx. US$25m).

Korea's FSC signals intensive review of Woori Financial's insurance acquisition plans: Report

March 27 2025

The review follows the Financial Supervisory Service’s downgrade of Woori’s management rating to Grade 3.

lawmakers-question-prudential-malaysias-medical-insurance-hike-despite-bnm-cap

Prudential reaffirms commitment to BNM cap after lawmakers question medical insurance hike

March 27 2025

Prudential Assurance Malaysia says reported figures were drawn from letters explaining average medical inflation rates.

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