The Insurance Regulatory and Development Authority of India has chosen 15 foreign-linked firms to lead the way in India's adoption of IFRS 17, as part of efforts to attract foreign investment.
Investments led to wider operating deficit, but Fitch maintained rating due to reduction in underwriting deficit, strong capital, and continued support from its parent company.
The Australian Competition and Consumer Commission recognised Suncorp would benefit from focusing on insurance, but denied the acquisition due to concerns over increased mortgage rates and weakened competition...
The FSC has eased upcoming risk-based capital rules, giving respite to the struggling insurance sector already burdened by surging FX hedging costs, due to rising US interest rates.
The Indonesian insurtech said that the lays offs were made following a post-funding assessment, citing the need to improve internal synergies for better future sustainability.
SiriusPoint Life Reinsurance has partnered with China Pacific Health Insurance, Further Group, and WaterDrop to launch the affordable medical insurance product.
