Non-life

AM Best affirms Sompo Japan's ratings as fewer nat cat losses help underwriting results

September 30 2024

Insurer's outlook remains stable despite higher motor losses and expansion of international operations.

Ocean Underwriting launches its first cyber product, targetting Australian SMEs

September 30 2024

MGA expands product offering, with Tokio Marine Management Australasia underwriting the new cyber solution.

global-reinsurance-leaders-to-convene-at-sirc-2024

Global (re)insurance leaders to convene at the 20th SIRC

September 30 2024

The event will take place from 4 to 7 November, with a focus on economic resilience, digital transformation, and sustainable development.

insurers-should-take-advantage-of-a-currently-favourable-position-for-cyber-risks-panel

Insurers should take advantage of currently favourable conditions for cyber risks: Panel

September 27 2024

Experts says there is growing awareness, however misplaced confidence is still leaving gaps in cyber preparedness.

west-p-and-i-club-names-cai-xuanlun-as-new-hong-kong-ceo

West P&I Club names Cai Xuanlun as new Hong Kong CEO

September 27 2024

Cai will succeed Richard Macnamara, who is stepping down following a 28-year tenure.

Korean Insurance Research Institute calls for long-term strategies to restore trust in the insurance industry

September 27 2024

Misleading practices and short-term commission structures are cited as key reasons for growing inefficiencies and distrust among consumers.

AI tools are streamlining claims and boosting profitability says President of Tokio Marine Newa

September 27 2024

The Taiwanese insurer has utilised AI and data analytics to transform underwriting and claims processing in Taiwan’s highly competitive insurance market.

India’s Star Health takes legal action against telegram over data leak - report

September 27 2024

The lawsuit also listed software firm Cloudfare as a defendant, as its services were used to host websites that spread stolen information.

More research needed to integrate impact of chronic climate change into underwriting

September 27 2024

Lots of cash has been invested to understand the acute impact of climate change, but chronic effects such as higher temperatures need more attention.

China and Vietnam's estimated US$12.6bn in economic Yagi losses highlights regional protection gap

September 27 2024

Guy Carpenter's post-event report demonstrates significant impact of Yagi, but only a fraction is covered by insurance.

Consumer demand driving digital shift in Korean insurance

September 26 2024

Embedded insurance products are proliferating but human relationships remain vital to selling and underwriting insurance.

gen-z-millennials-drive-85-of-personal-lines-insurance-sales-in-india-as-demand-for-insurtech-soars

Gen Z, Millennials now driving 85% of personal lines insurance sales in India: Turtlemint

September 26 2024

Report by insurtech shines a light on importance of digital channels, with younger generations generating over US$240m in premiums for the past year alone.

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