Non-life

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.

OCBC bids S$1.4bn to take Great Eastern private

May 10 2024

US$1.03bn bid for the remaining 11.56% stake forms part of plan to delist insurer from the Singapore Exchange.

Australia's Guild Insurance has ratings affirmed as business shows improvement in expense ratio

May 10 2024

Insurer has seen fluctuations in operating performance in recent years.

generali-hk-partners-with-ngo-and-school-to-help-support-over-50-vulnerable-families

Generali HK partners with NGO and school to help support vulnerable families

May 10 2024

Generali Hong Kong partners with OneSky and Kowloon Tong School in social initiative to help over 50 families.

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