News

HK Insurance Authority finalises RBC rules, extends 'submission transitional period' to three years

April 26 2024

Following conclusion of industry consultation, the Six rules are set to be submitted for review by the Legislative Council in May.

iag-singapore-life-among-new-un-backed-forum-for-insurance-transition-to-net-zero

IAG, Singlife join UN-backed 'Forum for Insurance Transition to Net Zero' as founding members

April 25 2024

FIT launches with 19 founding members plus a team of legal experts to help navigate antitrust and legal concerns that plagued its predecessor.

IRDAI approves variable annuity plans for Indian life insurers - report

April 25 2024

Indian Life Insurers look set to be able to offer alternative to fixed annuity plans in the coming months.

Nova and Towngas Lifestyle strengthen insurance broker partnership

April 25 2024

Building on a 2022 agreement, FSE Nova and Towngas Lifestyle pledge further investment for gas safety and property protection across Hong Kong and Mainland China.

Hanwha Life sets sights on Southeast Asia with strategic stake in Indonesia's Nobu Bank

April 25 2024

If approved, Hanwha will set a precedent as the first Korean insurer to enter the overseas banking industry through 40% stake.

Japan's corporate health rates set to hit record high in 2024 - report

April 25 2024

Japan's corporate health insurance societies face a record premium rate and a ¥657.8bn (US$4.25bn) deficit in FY 2024.

government-launches-au60m-strata-resilience-program-to-mitigate-cyclone-damage-in-north-queensland

QLD government launches AU$60m Strata Resilience Program to mitigate cyclone damage

April 25 2024

State and federal governments to fund AU$60m (US$38.9m) initiative to mitigate cyclone damage to North Queensland apartment buildings.

insurance-council-of-australia-reports-progress-on-motor-vehicle-code-improvements

Insurance Council of Australia reports progress on motor vehicle code of conduct improvements

April 24 2024

Code Administration Committee for the Motor Vehicle Insurance and Repair Industry targets mid-2024 for a revised Code draft.

Taiwan records hundreds of Hualien earthquake aftershocks on Monday and Tuesday

April 24 2024

6.1 magnitude and 6.0 magnitude earthquakes in Hualien County recorded late Monday and early Tuesday.

koreas-lotte-insurance-on-market-for-us1-5bn-and-drawing-global-interest-reports

Potential Lotte Insurance sale drawing interest, but US$1.5bn valuation faces scrutiny

April 23 2024

Stake acquisition of Korean insurer drawing local and international interest, but questions remain about valuation post-IFRS 17 implementation.

gallagher-acquires-australian-trade-credit-broker-prasidium

Gallagher acquires Australian trade credit insurance broker Prasidium

April 23 2024

Sydney headquartered Prasidium joins Arthur J. Gallagher & Co.'s expanding Australian portfolio.

honey-insurance-partners-with-bank-australia-after-securing-series-a-funding

Honey Insurance agrees six-year partnership with Bank Australia

April 22 2024

New white label partnership follows shortly after MGA announced successful AU$108m Series A Round.

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