Westpac reportedly suing 43 insurers, including AXA, Allianz, and Zurich, over interpretation of insurance contracts related to AU$1.3bn 2020 AUSTRAC penalty.
AM Best affirms credit ratings and assigns Vietnam National Scale Rating of 'aaa.VN', with strong operating performance of reinsurer expected to continue.
Innovative use of smart sensors, data, and tech has already resulted in rapid growth and CEO Joffe says insurtech is doubling down on technology-first approach in pursuit of AU$1bn (US$664m) in home insurance...