Club is expecting a rise in premiums and improved COR for the current financial year, but said the "prudent" rate rise reflects ongoing claims volatility and geopolitical risk.
Japanese insurer has agreed a US$1.44bn deal to acquire a stake in US asset manager, aiming to diversify its investment income and boost capital efficiency as part of broader global expansion plans.
The watchdog says unclear definitions and exclusions in travel insurance policies increase the likelihood of disputes between insurers and policyholders.
The renewed Grievance Mechanism Committee (GMC) will bring together medical, hospital, insurance and takaful associations to identify and improve systemic challenges in medical claims.
