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spike-in-significant-breaches-highlights-systemic-weaknesses-in-australias-life-insurance-sector

Australian life insurers see 60% rise in significant breaches: LCCC

April 1 2025

Annual notice failures and privacy breaches drove the highest customer impact, with some issues dating back to 2017, according to code compliance committee.

insurers-on-alert-as-western-queensland-faces-catastrophic-flooding

Insurers ready to deploy resources as Western Queensland hit with worst flooding in 50 years

April 1 2025

More rainfall is forecast, and the ICA is working with government agencies to assess the impact and support recovery efforts.

Thai insurers reassessing earthquake coverage after Bangkok building collapse: Report

April 1 2025

Thai General Insurance Association says insurers are reviewing nat cat coverage and may separate earthquake and flood cover from fire policies.

korean-guarantee-insurance-payouts-rise-as-economy-falters-report

Korea’s revised capital rules to ease burden, improve capital quality says Fitch

April 1 2025

Immediate effects may be limited, but insurers are expected to adjust strategies over time to sustain earnings and manage capital costs, says Fitch.

sompo-to-become-first-japanese-pampc-insurer-to-adopt-ifrs-accounting-standards

Sompo to become first Japanese P&C insurer to adopt IFRS accounting standards

April 1 2025

The group will adopt international standards from FYE 2026, with a transitional period of reporting under both IFRS and Japan GAAP.

irdai-moves-to-overhaul-fraud-oversight-following-insurer-data-breaches

IRDAI mandates 6-hour cyber incident reporting for insurers and intermediaries

April 1 2025

The directive reduces the previous 24-hour reporting window.

Allianz Partners and Mitsui Sumitomo Insurance form strategic partnership in New Zealand

March 31 2025

The alliance will allow Allianz Partners to introduce new, tailored travel solutions in the country, insurer says.

MS Amlin to open Australia branch, as Matt Botfield appointed head of Australia and New Zealand

March 31 2025

Sydney branch, currently pending Lloyd’s approval, will strengthen MS Amlin's reinsurance presence in the region.

Fairlight launches in Australia with Lloyd’s-backed insurance policies for medical practices industry

March 31 2025

Market Lane's newest MGA provides tailored liability and property solutions for medical, aged care, and NDIS providers.

indiafirst-life-becomes-first-life-insurer-to-start-gift-city-operations

Peak Re to establish new branch in India’s GIFT City

March 31 2025

The branch will be led by reinsurer's Head of India, Sudhir Salian.

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