News

iags-wfi-insurance-donates-us250000-to-aid-western-queensland-flood-relief

WFI Insurance donates A$250,000 to aid Western Queensland flood relief

April 5 2025

IAG subsidiary supports Rural Aid's efforts to deliver immediate assistance to flood-stricken farming communities.

aa-insurance-new-zealand-fined-nz6-175m-due-to-discount-failures

IAG NZ faces FMA civil action over systemic pricing and discount failures

April 4 2025

The regulator alleges IAG breached fair dealing provisions under the FMCA, resulting in overcharges of around NZ$35m (US$20m).

malaysian-pac-to-hold-closed-door-proceedings-on-rising-insurance-premiums-private-healthcare-costs

PAC to deepen probe into Malaysia medical insurance hikes with five more closed-door sessions: Report

April 4 2025

The committee held two public hearings and 12 closed-door sessions involving ministries, regulators, insurers, and hospital groups.

QBE and Leading Cities launch 2025 Resilience Challenge

April 4 2025

The programme offers a US$100,000 grant for a city-based pilot project by a selected start-up.

Swiss Re creates dedicated global fac unit

April 3 2025

Sanaa Souidi named as head of the global newly established facultative division.

Flooded tennis courts and building in St Lucia, Queensland during 2022 floods.

Verisk acquires Nasdaq NRMC's cat model platform

April 3 2025

Acquisition allows Verisk to offer access to over 300 third-party models on the Nasdaq Risk Modelling for Catastrophes suite.

Chubb launches expanded life sciences insurance offering

April 3 2025

The Premier Life Science policy provides coverage across multiple lines of business to life sciences companies in Singapore, Australia, Hong Kong, and Korea.

Malaysia: Insurers expedite claims, waive requirements after Putra Heights explosion

April 3 2025

The blaze caused by a gas pipeline rupture engulfed a 500-metre stretch, injuring over 300 people.

Allianz says Thailand’s Nat Cat risk steady, but climate change may ‘reshape’ risk assessment: Report

April 3 2025

However climate change is likely to raise Thailand’s exposure to floods and windstorms, says CEO.

Myanmar earthquake to spark risk reassessment in cities far from fault lines: Moody's

April 3 2025

Earthquake caused the collapse of an under-construction building in Bangkok, 1,000km away from epicentre.

taiwan-further-eases-regulatory-strain-on-local-insurers

Taiwan's FSC approves Taishin and Shin Kong merger

April 3 2025

Merger will give Taishin access to Shin Kong's insurance operations and is set to boost Shin Kong Life's capital adequacy.

South Korea wildfires to have limited impact on insurers' ratings, says S&P

April 3 2025

However, more extreme events this year could strain earnings and increase reinsurance costs, rating agency says.

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