News

Allianz Trade launches new payment solution for B2B e-commerce industry

March 7 2024

Allianz Trade pay ecosystem provides services from trade credit insurance to buyer onboarding, which helps identify buyers from a database of 83 million companies.

IRDAI bans international broker Confiance for two years

March 6 2024

Regulator bans foreign reinsurance broker for 'serious and grave' violations, including failure to secure reinsurance and involvement in forged reinsurance slips.

Dubai-headquartered Kay International AMEA establishes regional hub in Singapore

March 6 2024

The reinsurance broker and MGA looks to expand facultative and treaty reinsurance offering in Southeast Asia.

Insurance brokers must improve reporting practices warns Australian compliance committee

March 6 2024

Insurance brokers face intensified scrutiny from the IBCCC for inaccuracies in reporting, with new guidance issued to improve compliance.

ASIC warns General Insurers to continue claims handling improvement

March 6 2024

Aussie regulator acknowledges steps taken by the industry, but notes that complaints are still increasing.

New US$1.3bn investment facility to support clean energy and infrastructure in Southeast Asia

March 6 2024

Australian Government announces AU$2bn SEAIFF, which will provide loans, insurance, guarantees, and equity for trade and investment in SEA.

hong-kong-insurance-authority-enforces-prohibition-orders-on-three-agents-for-unfit-conduct

Hong Kong Insurance Authority enforces prohibition orders on three agents for misconduct

March 4 2024

IA imposes bans due to submission of false academic certificates and impersonation to access account information.

ICA: Australian summer extreme weather insurance losses hit AU$1.2bn

March 4 2024

100,000 claims from Christmas and New Year Storms and Cyclone Jasper push summer nat cat tally to AU$1.2bn (US$782bn).

hong-kong-launches-insurance-industry-climate-charter

Insurance Industry Climate Charter launched in Hong Kong

March 1 2024

The Hong Kong Federation of Insurers unveils Climate Charter tailored to the local industry and backed by 33 (re)insurers.

Allianz Malaysia launches comprehensive EV insurance with on-the-go charging coverage

March 1 2024

Allianz General Malaysia introduces 'EV Shield' which includes a unique an on-the-spot charging service in cases of depleted batteries.

HSBC Life breaks world record with US$250m life insurance policy

February 29 2024

New Guinness World Record set in Hong Kong as US$250m individual life insurance policy eclipses previous US$201m record certified in California.

japanese-non-life-insurers-to-divest-from-cross-held-shares-report

Japanese non-life insurers to divest from cross-held shares over next few years - report

February 29 2024

FSA crackdown on collusion practices prompts JPY6.5tn (US$43bn) share divestment by Japanese insurers.

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