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Non-life
Mitsui Sumitomo's combined ratio improved to 95% in H1 FYE25: Fitch
March 3 2025
Fitch affirms ratings, with overseas profitability rising while nat cat losses decline.
IRDAI allows insurers to hedge volatility with equity derivatives
March 3 2025
Indian regulator responds to industry's appeal for rule change amid soaring stock market volatility.
Sedgwick introduces AI-powered claims feature
February 28 2025
The tool aims to streamline claims processing with predictive modelling and reserve recommendations.
Suncorp to settle class action over add-on insurance sales
February 28 2025
In an exchange announcement, the insurer denied any wrongdoing but confirmed it has decided to settle case.
Supreme Court of NSW fines Allianz, AWP A$16.8m for misleading travel insurance advertising
February 28 2025
The court found both companies misrepresented policy features and coverage levels online between 2016 and 2018.
ICICI Lombard sees underwriting boost in FY 2024 as motor and health claims decline
February 28 2025
AM Best affirmed the company's “B++” financial strength and “bbb+” credit ratings with a stable outlook.
Half of New Zealanders want government to increase spending on climate resilience: ICNZ
February 28 2025
"Kiwis want to see more investment in resilience measures and action to avoid building in high-risk areas," says ICNZ chief exec Kris Faafoi.
China lowers HK, Macau investment requirements for mainland insurers
February 28 2025
Financial institutions from two SAR's will no longer be required to have total assets of at least US$2 billion to invest in mainland China insurers.
Motor Trades Association of Australia urges ACCC to block IAG and Allianz acquisitions
February 28 2025
The MTAA has called on the regulator to stop IAG's acquisition of RACQ's underwriting business and Allianz's purchase of RAA.
Swiss Re CorSo announces new global market unit structure with Hunziker and Bates leading APAC
February 27 2025
Robert Hunziker officially appointed head of Asia market unit, with Kevin Bates maintaining his recently announced role as head of ANZ.
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