The parametric product, underwritten by Swiss Re and provided locally by ICICI Lombard, was triggered by 40°C heatwaves in May, paying out to 46,242 low-income women in India.
NFRA issued new guidelines to promote the development of inclusive insurance in China, focusing on broad coverage, affordability, fairness, and sustainability.
Sources told Reuters that Richard Li plans to list pan-Asian insurer in Hong Kong, targeting a valuation of up to US$9bn depending on market conditions.
Office of the Australian Information Commissioner alleges health insurer failed to take reasonable steps to protect the personal information of 9.7m customers.
