Acquisition of Luxembourg-based specialty MGA marks Optio Group's largest European acquisition to date, with Circles' presence in Asia spanning markets including Hong Kong and Singapore.
New ICA Charter aims to improve response and coordination to nat cats and introduces a new insurance event designation for catastrophes of unprecedented scale.
The insurtech attributes achievement to its tech-first approach and positive performance of flagship offerings, such as digital assets protection and pet insurance.
Majority of losses come from motor line, with Office of the Insurance Commission announcing new disaster management measures to expedite industry response to floods.
