Non-life

singapores-ntu-develops-ai-powered-model-for-affordable-farmer-insurance

Singapore's NTU develops AI-model for affordable agriculture insurance

November 22 2024

Researchers use neural networks to uncover complex links between weather patterns and crop losses and say new model could reduce farmers' insurance premiums by up to 37%.

Korea's GI industry to grow 5% in 2024: GlobalData

November 22 2024

Motor and liability to drive growth in 2024, with GlobalData forecasting a 5.2% CAGR through to 2029.

Risk pool chiefs eye global reinsurance facility

November 22 2024

At COP29, regional risk pool leaders welcomed the idea of a shared facility but warned of coordination costs and governance challenges.

Jonathan Ng joins Chaucer as Class Underwriter for political risk

November 22 2024

Ng joins from AXA XL where he was an underwriter for political risk, and credit and bond.

Philippine Insurance Commission ends provisional licensing for insurance agents

November 22 2024

Regulator says current speed and timeline of license processing eliminates need for provisional licences.

Seoul Guarantee Insurance experiencing rise in COR, but normalisation anticipated in 2025: Fitch

November 21 2024

Economic conditions have impacted SGI's underwriting performance, but strong investment has provided stability.

singapore-based-magnus-roe-appointed-aons-global-chief-data-and-analytics-officer

Singapore-based Magnus Roe appointed as Aon's Global Chief Data and Analytics officer

November 21 2024

Roe first joined Aon in Singapore in 2013.

Swiss Re: India needs to relax FDI rules to close country’s protection gap

November 21 2024

India’s top insurance regulator recently said there was room for more than 70 additional carriers to enter the domestic market.

apac-m-and-a-activity-slows-in-q3-as-major-deals-face-regulatory-challenges

APAC M&A activity slows in Q3 as major deals face regulatory challenges

November 21 2024

India, Japan, and South Korea drive regional dealmaking, while Australia sees a sharp slowdown in activity compared to last three quarters.

Rokstone and Lloyd’s Syndicate 3939 launch US$10m nat cat parametric facility

November 21 2024

MGA and NormanMax partner on global fac and treaty solutions for earthquake, hurricane, cyclone, and typhoon, with flood expected in 2025.

northstandard-p-and-i-to-raise-premiums-5-for-2025-26-policy-year

North Standard P&I to raise premiums 5% for 2025/26

November 20 2024

Premium increase coincides with forecasted net combined ratio exceeding 110%, driven by rising large claims and global trade pressures.

Philippine insurance industry records 13.45% premium growth in Q3 2024

November 20 2024

The overall increase in premiums translated into higher insurance density, which rose by 12.44% year-on-year.

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