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Emerging risks | Growth Opportunities | APAC Insurance

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Saturday, October 24, 2026

News

byd-offers-insurance-backed-coverage-to-drive-adoption-of-assisted-driving-systems
BYD offers insurance guarantee for assisted-driving systems
June 1 2026
The Chinese EV maker will cover repair costs and compensation for accidents under its God's Eye assisted-driving system, and has pledged that claims will not raise policyholders' premiums.
am-best-places-labuan-re-ratings-under-review-on-mnrb-80-acquisition-plan
AM Best places Labuan Re under review as MNRB moves to buy 80% stake
June 1 2026
The deal, valued at US$100.69m, is set to close in Q4, with ratings under review pending completion and assessment of Labuan Re’s credit fundamentals.
philippines-finance-chief-faces-ombudsman-complaint-over-alleged-php167bn-state-insurers-fund-transfers
Philippines finance chief faces Ombudsman complaint over US$2.7bn transfer from state insurers
May 29 2026
Finance Secretary Ralph Recto rejected the complaint as harassment, stating PHP60bn (US$973.7m) had been returned to PhilHealth.
specialty-lines-under-extreme-stress-as-hormuz-crisis-tests-reinsurance-resilience-howden-re
Specialty lines under extreme stress as Hormuz crisis tests reinsurance resilience — Howden Re
May 29 2026
A surge in claims and premiums across marine and war-related insurance is testing specialty markets, while reinsurers hold steady on capacity.
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.
Untitled design 6
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.
ather-energy-forms-insurance-subsidiary-to-expand-distribution-capabilities
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...
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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.