Non-life

ICA appoints Andrew Gill to lead new counter fraud and scams function

May 21 2024

ICA launches new counter fraud function aiming to tackle undetected fraud which is estimated to cost the insurance industry around AU$400m a year.

GIAJ reports over US$600m in insurance losses from 2023 windstorm events

May 21 2024

General Insurance Association reports 58,695 claims amounting to ¥95.43bn (US$610.75m) paid for separate June and July 2023 windstorm events.

Recalibrating cyber risk appetite: Howden urges (re)insurers to embrace opportunity

May 21 2024

Howden Re report spotlights a gap between perceived and actual cyber risks.

calls-for-home-buyback-scheme-following-revised-flood-modelling-in-melbourne-report

Victorian government urged to consider buybacks following update to flood models - report

May 21 2024

Updated maps label 900 homes flood-prone, with one resident telling The Age his insurance premiums have risen from AU$180 to AU$5000 per year.

PCRIC and WTW develop parametric solution for PNG’s undersea cable network

May 20 2024

Bespoke parametric policy provides earthquake cover for submarine fibre optical cables that are installed and operated by PNG DataCo.

zurich-malaysia-partners-with-aeon-bank-to-expand-digital-takaful-insurance-offering

Zurich Malaysia partners with AEON Bank on digital takaful insurance solutions

May 20 2024

Zurich Takaful and Zurich General Takaful to provide embedded Syariah-compliant solutions through AEON Bank's app.

Raymond Wong joins Lockton Singapore as Head of People Solutions

May 20 2024

Wong joins to drive growth in Lockton's employee benefits business.

Australian Senate launches new inquiry into insurance affordability

May 20 2024

Inquiry to investigate climate risk's impact on insurance premiums and affordability.

swiss-res-group-ceo-highlights-growth-prospects-of-chinas-insurance-market

Swiss Re's Group CEO highlights key areas of growth in China's insurance market

May 20 2024

Green transition and ageing population among areas of opportunity for insurers, as CEO Christian Mumenthaler tells China Daily, "There's a lot more to do and I'm certainly excited about the opportunities,"...

Aussie-founded Cover Genius secures US$80m in Series E funding

May 18 2024

Insurtech to use funding to expand range of protection solutions, deploy AI for claims handling, and accelerate growth plans.

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