Non-life

India's Square Insurance raises US$3m in pre-Series A round funding

August 5 2024

Indian insurtech will use funds to develop tech and expand presence, as it bids to advance cattle and rural insurance solutions.

South Korea's non-life insurers restructure workforce amid digital transformation: report

August 5 2024

Voluntary retirement programs could signal shift toward more digital channels in South Korea's non-life insurance sector.

am-best-revises-hyundai-insurance-chinas-outlook-to-negative-amid-underwriting-risks-and-capital-erosion

AM Best downgrades Hyundai Insurance China's outlook due to underwriting risks and capital erosion

August 5 2024

Ratings affirmed, but negative outlook assigned with short to medium-term losses projected to erode capital.

markel-announces-key-hires-in-singapore-and-hong-kong

Markel announces key operations and underwriting hires in Asia

August 5 2024

Global (re)insurer bolsters Asia team with key appointments in operations, casualty, fine art & specie, professional financial risk, and cargo underwriting.

Guy Carpenter estimates up to US$1bn in economic losses from CrowdStrike event

August 5 2024

Event demonstrates importance of addressing both frequent mid-size and systemic risks in cyber insurance, says Guy Carp.

axa-to-sell-axa-investment-managers-to-bnp-paribas-for-euro-5-4bn

AXA to sell asset management unit to BNP Paribas

August 5 2024

€5.4bn (US$5.87bn) sale of AXA Investment Managers aligns with strategy of focusing on core insurance activities, says AXA.

Nat Cat risks main concern for Australian renewables insurers

August 5 2024

The rise of secondary perils globally is also impacting coverage provision for Australian renewables projects.

tesla-registers-insurance-brokerage-firm-in-china

Tesla registers insurance brokerage in China

August 5 2024

Move signals Tesla's renewed efforts to sell insurance products directly to consumers in China.

china-p-andi-loss-ratio-improves-in-2023-as-am-best-affirms-ratings

China P&I’s loss ratio improves in 2023

August 4 2024

AM Best affirms ratings as improved operating results and favourable investment income drives club's financial stability.

QBE scales generative AI solutions globally

August 3 2024

QBE expands AI-driven underwriting tools worldwide, focusing on efficiency and responsible implementation.

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