GI: Personal

India's GI market surge to be propelled by consumer awareness and regulatory reforms, says GlobalData

May 14 2024

10% annual growth to 2028 expected to be fueled by health, motor, and property segments, as well as initiatives like Bima Sugam.

Taiwan's government allocates US$878m for Hualein earthquake recovery efforts

May 3 2024

NT$28.55bn (US$878m) allocated with a focus on public infrastructure, private homes, and economic revitalisation.

Zurich climbs to third-largest general insurer in Hong Kong by GWP in 2023

April 17 2024

Zurich reports 12.8% GWP growth, Asia Insurance's GWP surges 36%, while AXA sees strong performance in premiums and claims, per IA data.

changing-demographics-to-drive-australias-paamph-growth

Changing demographics to drive Australia's PA&H growth

April 16 2024

Market set to grow to AU$41bn by 2028, driven by increasing health awareness and ageing demographics

samsung-fire-amp-marine-exits-bancassurance-business

Samsung Fire & Marine exits bancassurance business

April 6 2024

Insurer ends 21-year bancassurance operations amid sales decline, rising interest rates, and regulatory changes.

insurtech-kovernow-appoints-john-trotter-as-chief-sales-officer-to-spearhead-hk-expansion

Insurtech KoverNow hires John Trotter to spearhead HK expansion

March 28 2024

Trotter joins as Chief Sales Officer to help drive KoverNow's expansion beyond Singapore.

major-claim-looms-for-pi-clubs-after-singapore-flagged-ship-causes-collapse-of-baltimore-bridge

Cost of Baltimore bridge collapse could run into the billions

March 27 2024

Claims to be well in excess of GXL US$100m attachment point, leaving reinsurers bearing bulk of insured cost, but risk understood to be spread across 80 reinsurers.

japanese-property-insurers-to-maintain-gwp-growth-and-stable-loss-ratio-amid-earthquake-risks-globaldata

Japanese property insurers to maintain GWP growth and profitability amid earthquake risks: GlobalData

February 13 2024

Segment likely to remain stable, supported by government backing, reinsurance risk management, and rate adjustments.

scott-spaven-takes-helm-as-president-ceo-of-aig-singapore

Scott Spaven takes helm as General Manager of AIG Singapore

February 8 2024

Spaven given top job in Singapore following a decade at AIG.

Chubb's Christina Wong promoted to Chief Underwriting Officer, Casualty for Asia

February 8 2024

Dedicated Chubb team member Wong has extensive Casualty experience and is promoted internally.

samsung-fire-marine-latest-insurer-to-reduce-motor-rates-amid-rising-cost-of-living

Samsung Fire & Marine follows other Korean insurers by reducing motor rates amid rising cost of living pressures

February 7 2024

Heeding call from the government, Samsung F&M spearheads 2.8% cut, with industry peers having already cut between 2.5% to 2.6%

IAG ups reinsurance placement for 2024

January 5 2024

"Global reinsurance markets have stabilised during 2023, allowing IAG to purchase greater reinsurance protection" says IAG CFO, William McDonnell

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