Non-life

Asian nat cat insurance protection gap double Latin America’s

September 5 2024

Only 12% of Asian modelled nat cat economic losses are covered by insurance compared with 24% for Latin America.

poor-claims-handling-delayed-settlements-top-australia-code-monitors-2024-2025-agenda

Poor claims handling, delayed settlements top Australian code monitor's 2024-2025 agenda

September 5 2024

GI Code Governance Committee looks to enhance monitoring, enforcement methods on issues like claims handling practices, cash settlements, and under-reporting.

indian-government-starts-selling-6-8-stake-in-gic-re-through-offer-for-sale

Indian Government divesting 6.8% stake in GIC Re through offer-for-sale

September 4 2024

This move aims to raise 47bn rupees (US$566m) and is part of the government’s effort to comply with mandates on public sector ownership.

Singlife and CHOYS launch BNPL employee benefits offering for SMEs

September 4 2024

Carrier and insurtech partner to offer buy now, pay later solutions for budget-conscious SMEs.

Dennis Tang returns to Coastal Marine as Underwriter, Marine Hull and Cargo

September 4 2024

Tang first joined the company in a similar role back between 2020 and 2022.

cambodia-looking-to-impose-cross-border-motor-insurance-in-2025

Cambodia looking to impose compulsory cross-border motor insurance in 2025

September 4 2024

IAC is looking to integrate with the ASEAN Compulsory Motor Insurance (ACMI) programme.

halliwell-group-expands-apac-operations-with-quintons-asset-purchasing-agreement

Halliwell group expands Pacific presence with Quintons acquisition

September 4 2024

Halliwell group strengthens regional presence through asset purchase of the commercial property surveyor, which has offices in New Zealand and Australia.

growth-in-sme-cyber-risks-calls-for-adjustments-in-cat-models-guy-carpenter

Increase in SME cyber risk exposure calls for adjustments in insurance cat models

September 4 2024

Having grown to 45% of cyber market exposure, more granular representation of SME portfolio is needed, says whitepaper from Guy Carpenter and At-Bay.

Zurich Australia names David Wainwright as Chief Risk Officer

September 4 2024

Wainwright, with Zurich since 2011, will move from the UK to Sydney to commence the role in Jan 2025.

kotak-general-insurance-rebrands-following-zurich-group-acquisition

Kotak General officially rebrands following majority stake acquisition by Zurich

September 4 2024

Indian insurer officially changes its name to Zurich Kotak General Insurance.

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