OnePath and Zurich have jointly submitted an application to the Federal Court of Australia, with the expected completion of the transfer projected for December 1, 2023.
APRA’s 2023-24 Corporate Plan sets forth strategies to bolster the continuity of financial services amid rising threats, with cyber-attacks and climate-related financial risks both key concern.
The 'General Insurance Claims Handling' framework is an industry-wide collaboration driven by ANZIIF in partnership with ASIC and insurance industry bodies.
'Wysa Assure' offers mental health support for insureds while providing insights to insurers, with MLC Life in Australia the first to roll out the app.
The Hong Kong Monetary Authority has announced it will expand its Fintech 2025 plan beyond banking to include insurance, wealth management, and capital markets.
As concerns continue to grow about South Korea's falling birth date, the Government and GIA have partnered to provide financial assistance for cryopreservation.
The Australian regulator initiated civil proceedings against IAL and IMA for allegedly misleading customers about loyalty discounts on home insurance policies.
The ratings were withdrawn following the announcement of the Guam-headquartered insurer's sale to Calvo Enterprises Inc. and TMPI's subsequent request to be excluded from the rating process.
The Hong Kong headquartered insurer also saw a 50% increase in net profit, with results attributed to strong sales recovery in key markets and its bancassurance strategy.
