Non-life

"Totally un-reinsured”: Philippines’ main agricultural insurer faces US$1.52 billion nat cat exposure

May 14 2024

Urgent reforms and innovative insurance products needed to address agriculture risk in nat cat-exposed Philippines.

tata-aig-launches-indias-first-satellite-in-orbit-liability-policy

Tata AIG launches India's first satellite in-orbit third-party liability policy

May 14 2024

New policy offers coverage for third-party bodily injury and property damage amid India's ambitious space market growth targets.

Property and motor to fuel growth in Malaysian GI segment: GlobalData

May 14 2024

An increase in vehicle sales, accidents, and claims has led insurers to reassess risk exposure.

irdai-likely-to-provide-may-approval-for-iihls-acquisition-of-reliance-capitals-insurance-arms-report

IRDAI approves IIHL’s acquisition of Reliance Capital’s insurance arms: reports

May 13 2024

Approval paves way for Hinduja Group's IIHL to proceed with plan to acquire and revitalise Reliance Capital's insurance subsidiaries.

Everest International Reinsurance granted Australian GI licence

May 13 2024

APRA approves general insurance licence as Everest Group further strengthens its operations in Australia.

Crawford Australia promotes Matt Donnelly

May 13 2024

Donnelly takes on new role as Head of Global Technical Services (GTS), Australia, having rejoined the loss adjuster in September.

indian-regulator-mandates-insurers-to-expand-coverage-in-rural-and-undeserved-areas

Indian regulator mandates insurers meet rural and social sector quotas

May 13 2024

Circular mandates life, general, and health insurers fulfill rural and social sector quotas.

China Construction Bank sued over alleged role in facilitating Vesttoo reinsurance fraud

May 11 2024

US insurer Porch Group sues CCB, alleging its employees colluded with Vesttoo on fake letters of credit.

China's regulator moves to reshape bancassurance market, boost competition

May 11 2024

NFRA introduces new directive likely to promote greater competition and consumer choice in the bancassurance space.

south-korean-insurers-targetting-tailored-products-for-women-report

South Korean insurers targetting more tailored products for women - report

May 10 2024

Korean insurers are increasingly targeting female customers, responding to growth including higher insurance subscription rates among women.

NSW takes step toward lower property insurance premiums with introduction of Insurance Monitor Bill

May 10 2024

Bill looks to reduce premiums by replacing emergency services levy, with an independent body also appointed to ensure savings are passed on to insureds.

senate-inquiry-calls-for-government-support-to-address-australias-live-music-insurance-crisis

Senate inquiry calls for government support to help address Australia's live music and festival insurance crisis

May 10 2024

Changing risk appetite have seen insurance premiums rise as much as ten times.

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