News

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.

Suncorp pledges A$500K for Cyclone Alfred recovery efforts

March 17 2025

Suncorp is also continuing its support in North and Far North QLD following flooding in February.

ica-opens-eoi-process-to-support-post-tc-alfred-recovery-efforts

Claims data suggests Cyclone Alfred 'not as significant as first feared': ICA

March 17 2025

Number of claims has reached over 63,000 as of Monday.

_allianz-malaysia-launches-shesecures-initiative-to-promote-female-leadership-in-insurance

Allianz Malaysia launches SheSecures programme for women in insurance

March 17 2025

The programme offers leadership training, mentorship, and networking to support professional growth.

HK Insurance Authority opens new consultation on RBC disclosure requirements

March 17 2025

Regulator seeks public input on draft rules of Pillar 3 disclosure requirements.

aia-collaborates-with-blackrock-and-bny-to-strengthen-investment-platform

AIA Korea, Kakao Healthcare sign MOU for digital health collaboration

March 17 2025

Partnership aims to integrate AI-driven healthcare solutions to enhance personalised health management and chronic disease prevention in South Korea.

Cyclone Alfred claims exceed 50k; ICA opens up EOI to support recovery efforts

March 14 2025

ICA is working with authorities to expedite interstate and trans-Tasman worker qualifications to help in recovery efforts.

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