News

MG Non-Life Insurance faces possible liquidation as Meritz withdraws takeover bid

March 13 2025

The KDIC will seek buyers again, but a sale remains unlikely after five failed attempts.

Insurance claims from ex-Tropical Cyclone Alfred climb to over 44,000

March 13 2025

Government introduces financial aid as insurers coordinate recovery efforts post-Cyclone Alfred.

South Korea's FSC to ease capital adequacy requirements for insurers: Report

March 13 2025

Regulator plans to provide insurers with greater flexibility in capital management.

Carbon insurance specialist Kita expands to Australia

March 13 2025

Lloyd's coverholder launched in Singapore last year as regional demand for carbon credit insurance grows.

cyclone-alfred-insured-losses-expected-to-reach-hundreds-of-millions-aon

Aon projects Cyclone Alfred insurance losses of at least hundreds of millions of Aussie dollars

March 13 2025

Alfred's unusual path and slow movement result in severe flooding and record rainfall.

QBE Ventures invests in cyber insurtech Converge

March 13 2025

QBE aims to enhance proactive cyber risk mitigation with Converge’s technology-driven model.

ica-ceo-hits-back-at-political-criticism-says-insurers-are-easy-targets-report

ICA CEO hits back at political criticism: Report

March 12 2025

Hall's remarks follow Prime Minister Anthony Albanese's suggestion that insurers are "ripping off" Australians.

Allianz Trade, Inclusive Brains to develop 'Mind-Controlled Keyboard'

March 12 2025

Businesses previously collaborated on Prometheus BCI, a multimodal human-machine interface that converts neurophysiological data into mental commands.

racq-allocates-a1m-for-queensland-natural-disaster-recovery

RACQ donates A$1m for Queensland natural disaster recovery

March 12 2025

The funding will support affected families, community groups, and sports clubs, with a special grant for long-term assistance.

canopius-reports-28-gwp-growth-in-apac-in-2024

Canopius reports 28% GWP growth in APAC for 2024

March 12 2025

Specialty (re)insurer reports APAC growth due to strong Accident & Health performance in Australia and first full year from newly acquired treaty underwriting team.

cyclone-alfred-downgraded-before-making-landfall

Cyclone Alfred claims rise to over 34,000 as recovery efforts ramp up

March 12 2025

Claims surge over 50% in 24 hours.

Philippines Insurance Commission delays PFRS 17 implementation to 2027

March 12 2025

Timeframe for local adoption of the IFRS 17 accounting standard was initially set for 2025.

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