Non-life

kb-indonesia-assigned-b-good-fsr-bbb-good-long-term-icr-by-am-best

AM Best assigns KB Indonesia's ratings, expects improved stability with rise in premiums, motor business

August 16 2024

KB Indonesia has been assigned ‘B++’ (Good) FSR, and ‘bbb+’ (Good) Long-Term ICR by AM Best.

seadrif-endorses-yoshihiro-kawai-for-new-initiative-director-position

Yoshihiro Kawai formally appointed as SEADRIF Initiative Director

August 16 2024

Kawai takes on dual roles to fortify SEADRIF's impact on disaster risk finance and governance.

Chinese digital insurance broker Leading Group to go public via SPAC merger

August 16 2024

The merger with Healthcare AI Acquisition Corp on the Nasdaq will value Leading Group at approximately US$430m.

igloo-looking-to-parametric-and-personal-cyber-to-fuel-southeast-asia-insurance-growth

Igloo looks to innovative solutions like parametric and personal cyber to fuel Southeast Asia insurance growth

August 16 2024

The insurtech is betting on technology to upend markets in the region.

delta-nz-names-sian-mullane-as-senior-property-underwriter

Delta NZ names Siân Mullane as Senior Property Underwriter

August 16 2024

Mullane joins following over five years with Chubb.

Jubilee General Insurance's ratings downgraded amid elevated domestic economic and political risks

August 16 2024

Despite logging a five-year average weighted 93.9% COR, AM Best downgrades ratings due to heightened economic, political, and financial system risks in Pakistan.

ICA calls for land-use planning reforms to mitigate risk from natural catastrophes

August 15 2024

In conjunction with the PIA, the Council urges collaboration between government and industry while emphasising need for the right resources and tools to reduce vulnerability.

Surging medical inflation ramps up Malaysian insurers’ health claims

August 15 2024

The impact of rising medical procedure costs in Malaysia was worsened by a decline in the value of the ringgit last year.

Stevan Bonic promoted to Technical Underwriting Manager Engineering, Australasia at HDI Global

August 15 2024

Bonic will now oversee both the Northern and Southern Regions in his expanded role.

China’s NFRA sets new solvency rules for online P&C insurers

August 15 2024

New guidelines will make it easier for some insurers to expand their presence, but industry faces restrictions on online specialty and motor policies.

Crawford launches tailored 'Japan Connect' claims handling model

August 14 2024

Model provides Japanese businesses operating across Asia with claims handling tailored to Japanese culture, customs, and etiquette.

Asia Pacific seeing rising demand for engineering insurance solutions

August 14 2024

While there is enough capacity for traditional construction risks, nat cat underwriting remains challenging.

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