Non-life

Zurich Malaysia and GXBank agree 10-Year bancassurance partnership

May 6 2024

New partnership will offer microinsurance for Malaysia's underserved, starting with cyber crime protection in Q3.

macau-floods-after-first-black-rainstorm-in-3-years-prompting-calls-for-drainage-review

Macau sees floods after first black rainstorm in 3 Years, prompting calls for drainage review

May 6 2024

Torrential rain leads to widespread flooding and calls for infrastructure reassessment.

world-bank-and-jamaica-renew-cat-bond-with-us150m-issuance-in-hong-kong

World Bank issues US$150m parametric cat bond in Hong Kong for Jamaican storm cover

May 6 2024

Jamaican Government's hurricane cover renewed through World Bank's second HK-listed cat bond.

Hong Kong's RBC regime set to begin 1 July following Government gazettal of subsidiary legislations

May 6 2024

Formality of Legislative Council's negative vetting to occur on 8 May, with changes expected to go live on 1 July 2024.

Australia's commercial segment seeing increased capacity and stabilisation in rates: Gallagher

May 5 2024

Stabilising rates, competitive market, and cyber and regulatory changes are creating new dynamics in Australia's insurance industry.

nsw-government-launches-netstrata-review-following-allegations-of-excessive-insurance-brokerage-fees

NSW Government launches Netstrata review following excessive insurance brokerage fees allegations

May 4 2024

Review launches amid broader concerns of systemic issues in strata insurance, highlighted by recent ACIL survey.

KOBA Insurance launches Australia's first dedicated EV policy

May 3 2024

Pay-as-you-drive policy is initially for Tesla owners, but access to other brands will roll out in the 'near future'.

NZ Medical Indemnity's ratings upheld as strategic shift boosts performance

May 3 2024

AM Best affirms ratings, though disestablishment of district health boards could cause challenges.

Taiwan's government allocates US$878m for Hualein earthquake recovery efforts

May 3 2024

NT$28.55bn (US$878m) allocated with a focus on public infrastructure, private homes, and economic revitalisation.

Australia's General Insurance code breaches rise 34% in 2022-23

May 3 2024

New data from the General Insurance Code Governance Committee shows a continued uptick in code breaches.

Chubb prepares US$350m claim payout for Baltimore Bridge collapse - reports

May 3 2024

First major payout from Scott Key Bridge looms after incident sparks complex web of claims and lawsuits.

kpmg-china-appoints-longworth-and-hussain-to-key-insurance-roles

KPMG appoints Longworth and Hussain to key insurance roles

May 3 2024

KPMG China appoints Mark Longworth (pictured left) as Global Head of Insurance Advisory and Tan Hussain (pictured right) as Actuarial Modelling leader, with both based in Hong Kong.

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