News

Suncorp completes sale of Asteron Life to Resolution

February 3 2025

The deal sees Resolution Life acquire the New Zealand-based business for NZ$410m (US$227m)

taiwan-aims-for-more-affordable-insurance-policies-for-the-elderly-and-economically-disadvantaged

Taiwan's FSC urges insurers to offer more products for elderly and disadvantaged

February 3 2025

Regulator wants industry to create more micro-insurance and small-amount end-of-life products.

India clarifies GST treatment for co-insurance, reinsurance transactions

February 3 2025

The government’s decision includes retrospective regularisation of GST treatment from 2017 to 2024.

Cyber MGA Sync Underwriting launches in Australia

February 3 2025

Tokio Marine provides capacity for the managing general agent, which is is part of the Rhodian network.

india-to-allow-100-fdi-in-insurance-for-firms-investing-entire-premium-locally

Indian Finance Minister reaffirms 100% insurance FDI ambitions

February 3 2025

Nirmala Sitharaman said this enhanced limit will be available to firms which invest the entire premium in India

heavy-rainfall-floods-prompts-evacuations-in-north-queensland

Heavy rainfall, flooding prompts evacuations in North Queensland

February 3 2025

The Insurance Council of Australia on Sunday declared the North Queensland floods a ‘significant event’.

steadfast-group-merges-network-insurance-group-and-insurance-house

Steadfast Group combines Network Insurance Group and Insurance House

January 31 2025

Group's two largest brokerages merge, with Andrew Broughton named as CEO.

IRDAI caps senior citizen health insurance rate hikes at 10%

January 31 2025

The move follows the regulator’s decision to abolish the age cap of 65 years for purchasing health insurance.

Watchdog urges ACIL to name insurer penalised for claims code breach

January 31 2025

“Consumers and industry stakeholders deserve to know when an insurer has failed to meet its obligations,” says Chair of Australian Consumers Insurance Lobby.

IAG to release AU$200m from BI provision as class action ends

January 31 2025

Actuarial estimate comes after Federal Court rules that COVID-19 business interruption class action against subsidiary IAL will not proceed.

IRDAI grants Niva Bupa extension to meet expenses of management limit: Report

January 30 2025

Regulator gives insurer until FY26 to meet new requirements.

Cambodia’s insurance industry sees 3.5% gross premium growth in 2024

January 30 2025

Premiums grow but gross claims incurred surge, according to data from the Insurance Regulator of Cambodia.

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