ICA report says building codes which mandate new homes can withstand extreme weather could save the nation an estimated AU$4bn per year, drastically reduce the cost of climate change to homeowners.
Despite capital losses in 2022, global rating agency AM Best affirms ratings and maintains stable outlook for the government-designated surety underwriter for general contractors.
As part of India's 'Insurance for All by 2047' plan, regulatory changes to solvency, reinsurance, and accounting rules are underway, a move expected to spur sector growth and attract foreign investmen...
Seeking to accelerate the integration of electric harbour crafts, the MPA has invited potential stakeholders to propose finance and insurance solutions to aid the industry transition to net-zero emissions...
GlobalData predicts Australia's general insurance market to grow to AU$123.1bn (US$77.7bn), driven by heightened healthcare awareness and increasing rates for property and motor insurance — but challenges...
AM Best maintains China Taiping Insurance (Singapore)'s A (Excellent) rating, attributing the steady evaluation to favourable investment performance and ongoing financial backing from TPG Group, even though...
AFCA's 3rd edition of its Systemic Issues Insights Report highlights several concerns within insurance, from incorrect handling of insurance claims to insufficient information provided to non-English speaking...
The former member of parliament and CEO of Financial Advice NZ will move to Melbourne and officially commence her new role in Jan 2024, following a transition period with outgoing CEO, Prue Willsford.
After its first loss in 2022, the Hong Kong-headquartered reinsurer bounced back to achieve record profit in H1 2023; though AM Best maintained a negative outlook —warning of potential contagion risk due...
Bennelong Funds Management will partner with ILS specialist Leadenhall Capital Partners to promote and distribute insurance-linked securities to institutional investors.
Despite a 10% decrease in capital and surplus, DSI maintains very strong risk-adjusted capitalisation and plans to diversify its underwriting portfolio, while reducing offshore reinsurance.
