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Emerging risks | Growth Opportunities | APAC Insurance

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Friday, October 2, 2026

News

insurance-broker-fined-for-failure-to-submit-audited-financial-statements
First brokerage conviction by Insurance Authority for non-submission of audited financial statements
March 20 2025
The company was fined HK$26,060 (US$3,353) for twice missing set deadlines.
korean-guarantee-insurance-payouts-rise-as-economy-falters-report
Samsung Life secures approval to incorporate Samsung Fire & Marine as subsidiary: Report
March 20 2025
Both insurers say transition will not impact their governance, operations, or financial stability.
jba-risk-management-integrates-nvidia-earth-2-technology-for-enhanced-catastrophe-modelling
JBA explores NVIDIA AI-model for enhanced catastrophe modelling
March 20 2025
The partnership utilises NVIDIA's Earth-2 platform, aiming to improve the accuracy of extreme weather event predictions for insurers.
Prudential
Prudential and HCL Group to form health insurance joint venture in India
March 20 2025
Prudential plc to hold a 70% stake and Vama Sundari Investments the remaining 30% of new JV company.
chinas-insurance-claims-payouts-climb-21-in-2024
China's insurance claims payouts climb 21% in 2024
March 20 2025
Claims reach 2.3 trillion yuan (US$322bn) while insurance premiums grow 11%.
australias-general-insurance-code-of-practice-review-panel-urges-stronger-action-from-ica
Australia’s General Insurance Code of Practice review panel urges stronger action from ICA
March 19 2025
Panel welcomes ICA's Action plan but says that more decisive action can be taken to improve consumer outcomes.
iihl-completes-reliance-capital-acquisition-plans-to-list-insurance-units-reports
IIHL completes Reliance Capital acquisition, plans to list insurance units: Report
March 19 2025
IIHL plans to list Reliance General Insurance and Reliance Nippon Life Insurance, within two to three years.
allianz-asia-pacific-reports-33-growth-in-operating-profit
Allianz in talks with Jio Financial after Bajaj exit: Report
March 19 2025
The company is reportedly aiming for a minimum 50% stake in any new venture.
LIC
LIC eyes ‘substantial stake’ in health insurer, decision expected by March-end
March 19 2025
Move could reshape the competitive landscape of India's health insurance market.
wooris-insurance-acquisitions-likely-to-proceed-despite-fss-rating-downgrade-report
Woori’s insurance acquisitions likely to proceed despite FSS rating downgrade: Report
March 19 2025
The FSS has downgraded Woori’s management rating from Grade 2 to Grade 3.
insured-losses-from-ex-tropical-cyclone-alfred-estimated-at-up-to-a2-5bn
JBA estimates insurance losses from ex-Tropical Cyclone Alfred at between A$1.5bn and A$2.5bn
March 19 2025
The storm displaced thousands, left 330,000 properties without power, and prompted over 20,300 evacuations in northern New South Wales.
south-korean-financial-sector-faces-up-to-us31-49bn-in-climate-related-losses
Climate risks could cost South Korean banks and insurers up to US$31bn: Bank of Korea
March 18 2025
Stress test indicates up to KRW45.7 trillion in combined losses by century's end without climate change policies.
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Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.