News

Insurtech Qoala trims 80 jobs four months after US$7.5m Series B round: report

August 3 2023

The Indonesian insurtech said that the lays offs were made following a post-funding assessment, citing the need to improve internal synergies for better future sustainability.

regulator-encourages-australian-insurers-to-explore-ils-amid-challenging-market

Australian regulator encourages insurers to explore ILS amid challenging reinsurance market

August 3 2023

APRA reminded insurers to consider alternative reinsurance arrangements, including cat bonds and ILS, with a regulatory review set for 2023-2024.

Only one in five Vietnamese SME's feel prepared to handle risks: WTW

August 3 2023

Vietnamese businesses have expressed low levels of confidence in managing future risks, according to a WTW study.

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SiriusPoint launches new health insurance product in China

August 2 2023

SiriusPoint Life Reinsurance has partnered with China Pacific Health Insurance, Further Group, and WaterDrop to launch the affordable medical insurance product.

Insurtech Vesttoo cuts staff by 75%, shuts down Asian operations following fake letters of credit crisis: report

August 2 2023

In the wake of the US$4bn credit letter scandal, the insurtech said it was taking measures to reduce costs and focus on core services.

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S&P reports stable credit trends, but highlights potential risks for APAC insurance sector

August 2 2023

In its midyear outlook, S&P said 90% of evaluated insurers have a stable outlook, but need to be vigilant to navigate dynamic market conditions.

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Major Japanese insurers face further scrutiny over price fixing: report

August 2 2023

In June, the FSA instructed major Japanese insurers to investigate "cartel" behaviour over contracts supplied to railway operator Tokyu; the latest report suggests price fixing could be a more widespread...

Singapore's Great Eastern in advanced talks for multi-million dollar acquisition of AmMetLife, Malaysia: report

August 2 2023

According to insiders, the deal could be advanced and valued between US$250m-$300m.

iis-welcomes-new-asia-based-executives-to-the-executive-council

IIS welcomes new Asia-based executives to Executive Council

August 1 2023

12 insurance executives, including four from Asia, have been added to the International Insurance Society (IIS) Executive Council effective August 1st.

Australian regulator demands financial institutions, including insurers, disclose compensation structures

August 1 2023

APRA made the rule change based on findings from Australia's Financial Services Royal Commission.

Taiwan's MSIG Mingtai to use Moody's RMS solutions to enhance disaster risk analytics

July 31 2023

MSIG Mingtai has adopted Moody's RMS solutions to enhance their earthquake and typhoon risk analytics models,.

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Japan P&I Club: potential losses from Fremantle Highway not mentioned as ratings affirmed by S&P Global

July 31 2023

Japan P&I retains its 'BBB' financial strength and long-term issuer credit ratings from S&P Global Ratings, however potential losses from last week's Fremantle Highway vessel were not mentioned...

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