News

New US$1.3bn investment facility to support clean energy and infrastructure in Southeast Asia

March 6 2024

Australian Government announces AU$2bn SEAIFF, which will provide loans, insurance, guarantees, and equity for trade and investment in SEA.

hong-kong-insurance-authority-enforces-prohibition-orders-on-three-agents-for-unfit-conduct

Hong Kong Insurance Authority enforces prohibition orders on three agents for misconduct

March 4 2024

IA imposes bans due to submission of false academic certificates and impersonation to access account information.

ICA: Australian summer extreme weather insurance losses hit AU$1.2bn

March 4 2024

100,000 claims from Christmas and New Year Storms and Cyclone Jasper push summer nat cat tally to AU$1.2bn (US$782bn).

hong-kong-launches-insurance-industry-climate-charter

Insurance Industry Climate Charter launched in Hong Kong

March 1 2024

The Hong Kong Federation of Insurers unveils Climate Charter tailored to the local industry and backed by 33 (re)insurers.

Allianz Malaysia launches comprehensive EV insurance with on-the-go charging coverage

March 1 2024

Allianz General Malaysia introduces 'EV Shield' which includes a unique an on-the-spot charging service in cases of depleted batteries.

HSBC Life breaks world record with US$250m life insurance policy

February 29 2024

New Guinness World Record set in Hong Kong as US$250m individual life insurance policy eclipses previous US$201m record certified in California.

japanese-non-life-insurers-to-divest-from-cross-held-shares-report

Japanese non-life insurers to divest from cross-held shares over next few years - report

February 29 2024

FSA crackdown on collusion practices prompts JPY6.5tn (US$43bn) share divestment by Japanese insurers.

Sompo Japan Chairman Keiji Nishizawa to step down - report

February 29 2024

Nishizawa looks set to step down and would be the latest high-profile resignation in the wake of the Japanese insurance industry's Bigmotor and price-fixing scandals.

Hong Kong earmarks ILS and captives in 2024-25 budget

February 28 2024

ILS and captives key measures among other insurance-relevant plan and align with Insurance Authority's 2024-25 twin priorities.

Bandhan Financial Holdings finalises acquisition of Aegon Life

February 27 2024

The acquisition, first announced in July 2023, has been finalised, marking BFHL strategic entry into insurance.

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