News

Leadenhall targets Australian institutional investors with ILS fund launch

August 21 2024

Leadenhall deepens tie-up with Bennelong Funds Management, which started with a distribution agreement in October last year.

proposed-sale-of-south-koreas-mg-non-life-insurance-fails-for-third-time

Sale of MG Insurance fails for fourth time - report

August 20 2024

Sources reveal that the KDIC is now looking to move forward with the sale via private contacts.

indias-gst-council-rules-reinsurance-commissions-and-coinsurance-premiums-exempt-from-tax

India's GST Council to review 18% GST rate on life and health insurance premiums – reports

August 20 2024

The GST rate has faced recent criticism from industry stakeholders, who argue it negatively impacts India's insurance sector and overall economy.

Complaints received by Hong Kong’s Insurance Authority fall 10.6% in 2023

August 20 2024

Conduct issues still lead to complaints, but complaints are down YoY, with a comparison of data from the first half of 2024 revealing a further downward trend.

central-bank-of-india-nears-stake-acquisitions-deal-for-future-generali-india-entities-report

Central Bank of India nearing stake acquisitions for Future Generali India businesses: Report

August 20 2024

Sources say the bank is considering a 25% stake in Future Generali India Insurance and a 33% stake in Future Generali India Life.

philippine-hmo-industry-sees-return-to-profitability-in-2024

Philippine HMO industry sees return to profitability in 1H 2024

August 20 2024

Insurance Commission reports higher revenues for health maintenance organisations in 1H 2024 despite a surge in benefit payouts.

hiscox-partners-with-google-cloud-for-new-generative-ai-enhanced-underwriting-model

Hiscox partners with Google Cloud on generative AI-enhanced underwriting model

August 20 2024

Hiscox's new AI model aims to streamline sabotage and terrorism insurance quotes.

Australia's AUB Group expands UK footprint with 80% stake in Movo Group

August 19 2024

The acquisition, which includes Movo's extensive AR network and insurance technology platform, strengthens AUB Group’s footprint in the UK and builds on its previous investments in the region.