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losses-hit-singapores-motor-and-health-lines-of-business-for-third-time-in-five-years

Singapore's Motor and Health lines report underwriting losses for third time in five years

March 19 2024

Singapore's domestic General Insurance GWP tops SG$5bn (US$3.7bn), but underwriting profits dip as country's two largest lines of business record losses.

axa-xl-appoints-timothy-smit-to-new-global-head-of-cyber-risk-strategies-role

AXA XL appoints Timothy Smit to newly created Global Head of Cyber Risk Strategies role

March 19 2024

Smit is part of AXA XL's Cyber Center of Expertise, led by Global Chief Cyber Underwriting Officer, Anthony Dagostino.

Sumitomo Life acquires full ownership of Singlife

March 18 2024

Full acquisition, first announced in December, has been finalised, valuing Singlife at SG$4.6bn (US$3.44bn)

richard-klipin-named-ceo-of-national-insurance-brokers-association

Australia's National Insurance Brokers Association names Richard Klipin as CEO

March 18 2024

Klipin joins from the Financial Services Council of New Zealand (FSC), where he also served as CEO.

Indonesian GI segment to grow at 11.3% CAGR, driven by economic recovery and regulatory change

March 18 2024

GlobalData forecasts Indonesia's general insurance market is to reach IDR170.39 trillion (US$10.8bn) in 2028.

APRA executive urges transparency, trust, and collective action to address insurance affordability

March 18 2024

Sean Carmody acknowledged that reducing Australia's protection gap is a 'wicked problem', but he encouraged insurers to take ownership and find opportunities to make a difference.

Asuransi Astras receives Exceptional national scale rating from AM Best

Asuransi Astra receives 'Exceptional' National Scale Rating from AM Best

March 18 2024

Ratings affirmed alongside 'aaa.ID' NSR assignment, underlining insurer's financial health and leading position in Indonesia's insurance market.

major-japanese-life-insurers-set-to-meet-fiscal-2023-profit-targets-sp

Major Japanese life insurers set to meet FY2023 profit targets: S&P

March 18 2024

Profits for Dai-ichi Life, T&D Holdings, and Japan Post Insurance on track, thanks to reduced COVID-19 costs and surge in new business.

severity-and-frequency-of-cyber-attacks-to-rise-in-the-next-12-24-months-lloyds

Severity, diversity, and frequency of cyber losses to rise in the next 12-24 months: Lloyd's

March 18 2024

Release of unrestricted frontier LLMs resulted in a 'pivotal breakdown' of AI governance, providing unprecedented access to malicious tools.

Ping An P&C's strategic shift underlines AM Best ratings affirmation

March 15 2024

Ping An pivots away from credit and guarantee following first underwriting loss in over a decade, while embracing technology for business growth.

LIA Singapore confirms 2024-25 management committee, launches consumer underwriting guide

March 15 2024

The Life Insurance Association renews Management Committee, while launching a consumer guide explaining medical underwriting.

am-best-affirms-fidelity-lifes-ratings-with-anticipation-of-improved-operating-performance

AM Best affirms Fidelity Life's ratings with operating performance anticipated to improve

March 15 2024

New Zealand insurers earnings impacted following acquisition of Westpac Life, but improvements anticipated due to increased operational scale and technological capabilities.

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