News

Top Indian insurance regulator says country needs more insurers

October 23 2024

India’s strong economic growth and 1.4 billion population means insurance sector needs to expand to meet demand said IRDAI chair.

australian-reinsurance-pool-corporation-records-modest-surplus

ARPC cyclone pool records ‘modest’ surplus

October 23 2024

Cat risk sharing mechanism is close to a 100% of coverage in its target areas.

Vietnam's Typhoon Yagi losses top US$500m

October 23 2024

Despite sizeable claims, 17% insurance coverage of total losses highlights Vietnam's insurance protection gap.

tune-protect-re-boltech-partner-to-extend-air-asias-embedded-insurance-solution-to-hong-kong

Tune Protect, bolttech partner to extend Air Asia's travel insurance to Hong Kong

October 22 2024

Air Asia's new insurance coverage includes personal accident and travel delay protection for Hong Kong travellers.

allianz-weighs-exit-from-indian-insurance-jvs-with-bajaj-finserv

Allianz weighing exit from Indian Insurance JVs - report

October 22 2024

Allianz is believed to be considering alternative investments in India's insurance market amid strategic disagreements with Bajaj Finserv.

SEBI approves Niva Bupa Health Insurance IPO

October 22 2024

The firm is India’s second fastest growing standalone health insurer and has posted a CAGR of 41.4% over the last two years.

AXA XL expands cyber coverage to include Gen AI risks

October 22 2024

Firm offers expanded policy as potential risks posed by Gen AI rack up, with the EU taking the lead in attempt to regulate the new technology.

China’s regulator proposes new ratings system for P&C insurers

October 22 2024

NFRA puts forward a new comprehensive rating system with 104 indicators across nine categories.

Aviation disruption insurance in focus following spike in Indian airline threats - report

October 22 2024

Over 100 flights operated by Indian airlines have been the victim of bomb hoaxes in the last week

QBE Ventures invests in Lazarus AI

October 21 2024

Lazarus AI's technology offers potential benefits for healthcare, banking, and insurance sectors.

Starr Insurance granted Seoul branch licence

October 21 2024

Local operations are being led by Paul Choi, who was named as the Korean branch’s CEO in May.

Insurance industry groups call on Commonwealth leaders to discuss weather risk

October 21 2024

The ICA, ICNZ and other industry groups have jointly written to their respective Prime Ministers calling for the issue to be put on the Commonwealth Business Forum agenda.

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