News

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: 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 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.

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.

chinas-motor-insurers-need-to-ramp-up-risk-management-amid-rise-of-self-driving-cars-china-taiping

Ping An, FAW Hongqi launch intelligent driving insurance

March 18 2025

The new insurance service aims to address the unique and evolving risks associated with autonomous and connected vehicles.

allianz-to-exit-indian-joint-ventures-with-us2-4bn-sale-to-bajaj-group

Allianz to exit Indian joint ventures with US$2.84bn sale to Bajaj Group

March 18 2025

Allianz has signed binding agreements to sell 26% stakes in Bajaj Allianz General and Bajaj Allianz Life.

ica-releases-industry-action-plan-addressing-flood-inquiry-code-review

ICA releases insurance industry action plan addressing flood inquiry, code review

March 18 2025

Plan focuses on improving customer outcomes, supporting vulnerable policyholders, updating policies to prevent financial abuse, and enhancing claims handling.

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