News

nalagenetics-wins-zurich-innovation-championship-2024

Zurich Malaysia names NalaGenetics as winner in Zurich Innovation Championship 2024

May 30 2024

NalaGenetics recognised for its genetic tests to manage chronic diseases and will enter a four-month accelerator and receive up to US$100,000 in project funding.

koreas-fss-uncovers-broker-led-insurance-fraud-ring

Korean regulator unearths broker-led insurance fraud ring

May 30 2024

Korean regulator and police uncover a 2.1bn won (US$1.5m) fraud operation involving brokers, hospitals, and fake patients.

Australian Consumers Insurance Lobby calls for reforms to GI Code of Conduct

May 29 2024

ACIL proposes 52 recommendations to Code of Conduct, aiming to close loopholes and improve consumer protections in light of increasing disputes.

IAG hit with class action for alleged loyalty discount deception

May 29 2024

Insurer to defend against Slater and Gordon class action over alleged misleading loyalty discounts on home and contents policies by IAG subsidiaries.

ocbc-bids-s1-4bn-to-take-great-eastern-private

Minority shareholders of Great Eastern challenge OCBC’s takeover bid - report

May 29 2024

Shareholders oppose OCBC's S$1.4 billion (US$1bn) takeover bid to delist the stock, arguing the offer undervalues the insurer's future potential.

Cyclone Remal devastates coastal regions of Bangladesh and India

May 28 2024

Cyclone Remal leaves at least 26 dead with significant property damage and power outages affecting millions.

LIC eyeing entry into health insurance market

May 28 2024

Amid the potential for composite insurance licences, LIC is considering acquisitions to enter the health insurance market.

HL Assurance partners with payment solution provider on embedded cyber cover

May 28 2024

HL Assurance partners with AXS to offer cyber fraud protection to AXS users in Singapore.

rga-enters-100bn-yen-coinsurance-deal-with-tokio-marine-amp-nichido-life-insurance

RGA agrees US$640m coinsurance deal with Tokio Marine & Nichido Life Insurance

May 28 2024

RGA agrees to reinsure ¥100bn of whole life policies, marking Anshin Life's second asset intensive deal in the last week.

Indian insurtech CoverSure raises US$4m in Pre-Series A round

May 28 2024

Funds to be used to further develop platform, with insurtech eyeing data-driven approach before approach to potential expansion within India.

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