Non-life

APAC motor insurance market to top US$300bn by 2029, GlobalData forecasts

February 21 2025

China, Japan, Australia, South Korea, and India to be key drivers of growth in the region.

QBE reports US$22.4bn GWP in 2024, up 3%

February 21 2025

The insurer's GWP grew despite portfolio exits and lower crop premiums.

Malaysian PAC to hold closed-door proceedings on rising insurance premiums, private healthcare costs

February 21 2025

The proceedings follow recent public outcry over surging prices and their impact on access to medical services.

irdai-mandates-implementation-of-unified-payments-interface-system-for-premiums

IRDAI mandates implementation of Unified Payments Interface system for premium processing

February 21 2025

Indian regulator has instruction all insurers to implement Bima-ASBA, a UPI-enabled system, by 1 March.

japan-insurer-mampa-deals-eclipse-asia-pac-market-in-2024

Japan insurer M&A deals eclipse Asia Pac market in 2024

February 21 2025

Nippon Life’s $8bn December move for Resolution Life was twice the size of five largest 2024 Asia Pac M&A deals combined.

Zurich APAC reports 12% P&C premium growth, 4% for Life in 2024

February 20 2025

Insurer's P&C COR for the region improved to 92.9% last year.

Seoul Guarantee Insurance revises IPO strategy with focus on shareholder returns

February 20 2025

SGI revamps IPO strategy with lower price range and enhanced shareholder returns after withdrawing its initial attempt in 2023.

IRDAI establishes committee to review insurance act amendments: Report

February 20 2025

Former State Bank of India (SBI) Chairman Dinesh Khara to lead panel, which contains industry and regulatory experts.

Austbrokers Corporate promotes Phillip Agah as Head of Broking

February 20 2025

Agah started at AUC in 2023 as National Practice Group Manager for Financial Lines.

nepal-re-looks-to-scale-new-peaks-with-am-best-rating

Nepal Re looks to scale new, international peaks with AM Best rating

February 20 2025

The Katmandu headquartered firm is aiming to be the first A rated reinsurer in Nepal.

Markel appoints Alicia Leong as Head of Marine Liabilities

February 20 2025

Leong moves after nearly a decade with Munich Re Speciatly.

“Unprecedented” Saltoro cherry loss may shake up cargo coverage limits

February 20 2025

Singapore-flagged Maersk Saltoro has docked in Nansha port, with initial inspections revealing extensive damage to 24,000 metric tons of Chilean cherries.

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