News

Regulators outline preparatory steps for Australian insurers ahead of 2025 FAR implementation

March 14 2024

APRA and ASIC urge insurers to prepare for the upcoming Financial Accountability Regime.

psc-insurance-confirms-it-is-in-preliminary-buyout-discussions

PSC Insurance confirms preliminary buyout discussions

March 13 2024

PSC insurance releases statement on the ASX amid speculation that Gallagher and Ardonagh Group are interested in a takeover.

bolttech-enters-middle-east-through-embedded-device-partnership-with-stc-group

Bolttech expands Middle Eastern footprint with embedded device partnership with stc

March 12 2024

Insurtech and telco partner to offer embedded device protection, while exploring opportunities to collaborate on home appliances, health electronics, and cyber asset protection.

Insurance Authority suspends agent for seven months over unauthorised policy sign-up

March 12 2024

Insurance agent banned for seven months after taking out and paying for policy without client's approval, in a bid to climb sales rankings.

south-koreas-major-non-life-insurers-break-1-trillion-won-in-overseas-premiums-for-2023-report

South Korea's major non-life insurers break 1 trillion won in overseas premiums in 2023 - report

March 12 2024

Four leading non-life insurers collect 1.04 trillion won (US$793m) in overseas premiums, but mere 1.2% of total premiums, highlights potential for further expansion.

Australian Government to introduce financial sector regulatory initiatives grid

March 11 2024

New regulatory initiative aims to streamline financial sector, including insurance, enhance business operations and reduce compliance costs.

fwd-group-secures-majority-ownership-in-fwd-takaful-berhad-with-21-share-acquisition

FWD Group secures majority ownership in FWD Takaful with 21% share acquisition

March 11 2024

FWD Group's strategic investment boosts ownership of FWD Takaful Berhad to 70%, as insurer moves to strengthen its position in the Malaysian market.

hong-kong-underwriting-profits-and-gross-premiums-fell-sharply-in-2023

Hong Kong underwriting profits fell sharply in 2023

March 8 2024

Extreme weather and a struggling property market paved the way for big drops across multiple lines, according to provisional Insurance Authority data.

Australian MGA Criterion Underwriting expands to New Zealand

March 8 2024

Criterion expands from Australia, with a focus on waste and recycling segments and other hard to place risks.

AXA launches women-exclusive health centre in Hong Kong

March 8 2024

AXA and Chiron Medical launch health centre with all-female medical team and which offers services exclusively for women.

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