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Emerging risks | Growth Opportunities | APAC Insurance

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Thursday, October 1, 2026

News

seadrif-launches-first-anticipatory-drought-insurance-pilot-in-laos
SEADRIF, UN's FAO launch anticipatory drought insurance pilot in Laos
May 29 2026
As mainland Southeast Asia braces for a potential return of El Niño in 2026–27, SEADRIF and the FAO have rolled out an index-triggered drought insurance pilot in Laos.
IAG
IAG reaches settlement with Greensill Bank over trade credit insurance claims
May 29 2026
Confidential settlement will not have a material impact on financial position or FY2026 results, says IAG.
us-insurers-sue-china-construction-bank-for-us13m-over-vesttoo-loc-fraud
Buckle, Gateway insurance sue China Construction Bank for US$13m over Vesttoo LOC fraud
May 29 2026
The latest claim adds to multiple similar actions against China Construction Bank Corporation, with estimated exposure of around US$2.81bn.
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Hyundai Marine & Fire Insurance targets Southeast Asia, Europe in overseas expansion drive — Report
May 29 2026
The Korean insurer is looking to expand beyond its home and established international markets, like Japan and China.
gic-re-cuts-fy2026-underwriting-loss-47-as-gross-premium-rises-7
GIC Re cuts FY2026 underwriting loss by 47% as gross premium rises 7%
May 28 2026
Claims pressure eased over the year, although the reinsurer’s combined ratio remained above break-even.
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India eyes US$1bn LIC stake sale next month — Report
May 28 2026
The government is reportedly planning to divest around 2% in the state-owned life insurer as part of efforts to meet public shareholding requirements.
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India's Ather Energy forms insurance subsidiary to expand distribution capabilities
May 28 2026
The electric vehicle manufacturer has formed Ather Insurance Limited as a distribution-led play to facilitate insurance sales within its ecosystem
iag-partners-with-first-nations-foundation-to-expand-insurance-literacy-programmes-in-indigenous-communities
IAG partners with First Nations Foundation to expand insurance literacy programmes in Indigenous communities
May 28 2026
The three-year partnership will support the development of insurance-focused financial education initiatives aimed at improving risk awareness and financial inclusion among Aboriginal and Torres Strait...
korea-fsc-conditionally-approves-lotte-insurance-management-improvement-plan
Korea FSC conditionally approves Lotte Insurance management improvement plan
May 28 2026
South Korea’s Financial Services Commission (FSC) has conditionally approved Lotte Insurance’s management improvement plan, submitted in late April, following a regulatory management improvement requirement. The...
prudential-life-japan-core-profit-slips-13-as-misconduct-response-lifts-costs
Prudential Life Japan core profit slips 13% in FY2025 as misconduct response lifts costs
May 28 2026
The insurer logged a JPY4.7bn (US$29.5m) customer redress provision and increased remediation spending following staff misconduct.
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South Korean insurers post higher profits in Q1 2026 as investment gains offset weaker underwriting
May 28 2026
The country's life insurers experienced adverse losses, offsetting premium growth, while non-lifers posted stable insurance income during the quarter.
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Insurers better prepared for rare disease outbreaks after COVID-19 lessons — AM Best
May 28 2026
Recent Ebola and hantavirus outbreaks pose limited systemic risk, but insurers should continue exposure management and regular stress testing.
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Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.