News

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Top 20 APAC insurers achieve 8.2% premium growth in 2022

August 24 2023

The latest GlobalData report shows that 15 of the top 20 insurers reported growth in 2022 — led by Dai-ichi Life, T&D Holdings, and Hanwha Life Insurance.

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Income Insurance and Swiss Re react to Singapore's rising cancer costs with new insurance product

August 24 2023

'Complete Cancer Care' has been introduced amid rising cancer treatment costs in Singapore, which is set to exceed SG$2bn (US$1.48b) by 2030.

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Seoul Guarantee Insurance expected to IPO in 2023 following preliminary approval by Korea Exchange

August 24 2023

SGI, which is owned by Korea Deposit Insurance Corporation, is set to be the first Korean government-owned company to undergo an IPO since 2010.

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Shanghai's International Reinsurance Trading Centre set to open in October

August 23 2023

110 (re)insurers are understood to have held discussions about operating as part of the Centre.

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War risk premiums surge for ships in Russia's black sea ports: Report

August 23 2023

Insurance firms have raised 'war risk premiums' for vessels in Russia's Black Sea ports amid escalating tensions and reported attacks, adding to the country's overall oil export costs.

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Australian insurers urged to prepare for CPS 230 standards amid increased cyber threats

August 23 2023

In a speech delivered August 23rd, APRA Board Member Therese McCarthy Hockey underlined the importance of the upcoming operational risk standards.

Indian insurtech Square Insurance secures $1M funding

August 22 2023

The digital broker plans to use the capital injection on technology and expansion.

IAG reveals AU$7bn in Greensill legal claims

August 21 2023

With multiple lawsuits looming, IAG's annual report reveals 20 legal claims at an estimated value of A$7bn (US$4.5bn)

IAG's GWP up 10.6%, but underwriting profit down 35% in FY2023

August 21 2023

Net profits up 140% thanks to investing results, but combined ratio deteriorates to 93.6% due to Nat Cats in Australia and New Zealand.

Taiwan's Nan Shan Life awarded 'Strong' IFS rating from Fitch

August 21 2023

Taiwan's third largest life insurer is strategically pivoting towards health and protection products.

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Insurers paid AU$36.5bn in claims in 2022: Insurance Council of Australia

August 19 2023

The ICA said insurers are undertaking improvements to ensure profitable and sustainable products for Australians, despite challenges from Nat Cats and inflation.

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New Zealand-based DPL receives outlook upgrade following combined ratio improvement

August 18 2023

AM Best revised DPL's outlook from stable to positive, after the motor and life insurer's combined ratio improved to 77.4% in 2023.

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