News

Korea Life Insurance Association rolls out AI tools for complaints handling, internal compliance

September 8 2026

The association is looking to expand its AI initiatives to 17 projects by next year.

Australian health insurers face margin squeeze as claims cost outpaces premiums — S&P

September 8 2026

Smaller insurers are most at risk if profitability weakens, the ratings agency warned.

A vast rice paddy field with young plants and water channels.

Philippine crop insurer sets aside US$3m for weather-related claims

September 8 2026

Rice-related claims make up the bulk of the payouts at PHP132.9m (US$2.12m), ahead of high-value crops and corn.

LIC gets central bank's nod to acquire 9.99% stake in ICICI Bank

September 7 2026

A similar clearance was granted to the insurer in August in connection with raising its stake in HDFC Bank.

South Korea's FSS digitalises licence registration process for insurance professionals, brokers

September 7 2026

The new system replaces a process that required applicants to submit registration forms by mail.

Map of a river network with blue water bodies and tributaries.

Sompo Japan signs ICEYE to speed flood claims response

September 7 2026

Satellite radar data will let the insurer map flooded areas in any weather, cutting the time taken to assess damage after a typhoon or storm.

China lines up US$10.4bn capital boost for insurers, reinsurer

September 7 2026

China Life, PICC, China Taiping, Sinosure, and China Re will take up to CNY70bn (US$10.4bn) of a CNY360bn recapitalisation that also covers three state banks.

Manulife Asia, Ant Health sign MoU to explore cross-border health support, technology services

September 7 2026

Hong Kong and mainland China will serve as the first markets with plans to expand the collaboration to other Asian markets.

Howden Re launches Alternative Solutions practice with parametric team

September 7 2026

Alexander Roth will lead the unit, which pulls structured reinsurance, analytics and capital markets specialists together to serve clients in Europe, Asia and other markets.

GIFT City Q1 GWP doubles to US$419m on life and fire reinsurance surge

GIFT City Q1 premiums rise almost tenfold to US$419m

September 7 2026

Reinsurance continued to dominate business though gains were offset by declines in health, personal accident and motor.

Business growth and success icons on wooden blocks with coins.

Aon urges cedants to deploy capital creatively as buyer-friendly conditions run into 1/1

September 7 2026

Record capital of US$800bn is giving cedants wider coverage, more limit, and greater structuring choice across both property and casualty lines.

Industrial complex with multiple white buildings and rooftop equipment.

AI data centres and renewables could generate US$200bn in premiums by 2030 — Swiss Re

September 7 2026

Gianfranco Lot says deploying capacity will depend on understanding the risk concentrations that come with it

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25 September