News

Parametric heatwave microinsurance triggers in India, providing relief for nearly 50,000 women

June 13 2024

The parametric product, underwritten by Swiss Re and provided locally by ICICI Lombard, was triggered by 40°C heatwaves in May, paying out to 46,242 low-income women in India.

NatCat - 2023 Australias Christmas Storms

Australia's Christmas Storms top AU$1.2bn in industry losses: ICA

June 12 2024

Christmas storms have led to over 97,000 claims with half now finalised, according to the Council's latest update.

Accuro Health Insurance ratings withdrawn by AM Best after company exits insurance market

June 12 2024

Ratings of New Zealand health insurer withdrawn after completion of portfolio transfer to UniMed.

Singapore Airlines offers compensation to passengers injured in severe turbulence - reports

June 12 2024

Passengers with minor injuries reportedly offered US$10,000, while serious cases are in discussions about tailored compensation.

indian-regulator-introduces-new-general-insurance-reforms

Indian regulator introduces general insurance reforms

June 12 2024

Stricter claim rejections, flexible policy durations, and 'pay as you drive' motor options outlined in new master circular from the IRDAI.

howden-strengthens-pacific-presence-with-acquisition-of-bridges-insurance-services

Howden strengthens Pacific presence with acquisition of NZ-based Bridges Insurance Services

June 11 2024

Bridges Insurance was established in 1990 and has focus on mid-market and SME business.

icnz-calls-for-new-zealands-fast-track-approvals-bill-to-address-nat-cat-risks

ICNZ calls for New Zealand's Fast-Track Approvals Bill to help address nat cat risks

June 11 2024

ICNZ backs polarising Fast-Track Approvals Bill for better natural hazard resilience while urging caution in land development.

AUB Group acquires 40% stake in UK-based Momentum Broker Solutions

June 11 2024

AUB to invest in Authorised Representative network to expand UK Retail broking footprint.

Bima Sugam, India's electronic marketplace, set for April 2025 launch - reports

June 8 2024

First phase set to launch April, according to comments from IRDAI Chairman Debasish Panda.

Two Philippine non-life insurers placed under conservatorship - report

June 7 2024

Insurance Commission reportedly take control of Premier Life and Trisco due to legal non-compliance.

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