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Canopius to launch digital asset custody product on Lloyd's Asia platform
May 23 2023
The launch is an expansion of the (re)insurers Syndicate 4444 product and the first digital asset custody cover under Lloyd's Asia.
FWD expects expanded financial literacy program to benefit 25,000 students by 2024
May 22 2023
The ESG initiative has already rolled out to Hong Kong, Singapore, Indonesia and Vietnam. It will expand to Japan, Thailand, and the Philippines soon.
ICICI Lombard and actyv.ai partner to build SME and supply chain insurance product
May 22 2023
The partnership combines ICICI Lombard's insurance products with actyv.ai's machine learning and artificial intelligence technology.
AIA Hong Kong announce customisable critical illness plan
May 22 2023
'AIA Assemble' allows customers to tailor their protection and sum assured based on individual needs and budget.
Everest Re rebrands to Everest
May 19 2023
The name change reflects the group's expansion into the primary market.
AMP penalised AU$24 million for charging deceased customers
May 19 2023
Two AMP companies received over AU$1,000,000 from 2,000 deceased customers, despite having been informed of the customers' deaths.
MLC hit with AU$10 million penalty - ASIC promises to take similar action against insurers who don't act in good faith
May 19 2023
Australia's Federal Court found MLC contravened the ASIC Act, the Corporations Act, and the Insurance Contracts Act.
CBIRC bids farewell as National Financial Regulatory Administration inaugurated
May 18 2023
The newly established NFRA will oversee China's insurance and banking sectors, excluding securities.
China's motor insurance market heats up as EV manufacturers enter the fray
May 18 2023
Earlier in May, BYD received regulatory approval to purchase Yi’an P&C. Now XPENG has announced that its partnered with eight Chinese insurers.
Modular, API-driven travel insurance platform, battleface, lands in Australia
May 17 2023
The company has a presence in 185 countries worldwide and is launching in Australia in partnership with MGA Mustard Underwriting.
PERILS increases industry loss estimate of Cyclone Gabrielle to NZ$1.925 Billion
May 17 2023
The estimate is a 25% increase over the data provider's initial estimate in March.
IRDAI sets new guidelines to strengthen surety insurance market
May 17 2023
The Indian regulator has lowered the solvency requirements from 1.875 to 1.5 times the control level.
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