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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.
Australian general insurer fined AU$100k for claims code breaches
January 29 2025
However Code Governance Committee opts not to name insurer, citing insurer's cooperation, transparency, and accountability as reasons.
MS Amlin expands Phoenix Re 3 ILS sidecar 12.5% to US$90m
January 29 2025
The Lloyd’s global specialist (re)insurer’s move follows a $35m ILS listing in Hong Kong at the start of January.
PIAM says insurance, takaful industry supports crackdown on total loss vehicles: Report
January 29 2025
Association says sector supports RTD’s call for stricter roadworthiness and checks of repaired vehicles.
Generali partners with MIT to explore AI applications in insurance
January 29 2025
Generali’s data experts will work alongside three MIT research teams to explore ways AI can offer a compeitive advantage.
Etiqa, Cebuana Lhuillier launch Philippines’ first takaful insurance product
January 29 2025
Etiqa became one of country's first licensed Takaful operators in November.
OneInfinity by OneDegree and BitGo partner on digital asset custody solution in Japan
January 29 2025
Partnership aligns with parent company AIFT's broader expansion goals in Japan.
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