Non-life

Australian Federal Court rules in favour of Auto & General in ASIC legal battle over policy terms

March 22 2024

Federal Court rules policy term, requiring notification of property changes, does not violate the ASIC Act.

Lockton India continues leadership drive with appointments of Muchhala, Plasterwala and Prabhu

March 22 2024

Dhruti Muchhala (pictured left) has taken on the role of SVP for Key Relations, Neha Plasterwala (pictured centre) is Lockton's Director and Head of Marketing, and Ajay Prabhu (pictured right) has been...

AM Best withdraws Hollard Australia's ratings at insurer's request

March 22 2024

Hollard has 'Excellent' ratings affirmed before withdrawal, with AM Best spotlighting likely moderation in premium growth after a decade of significant expansion.

riding-a-wave-of-growth-china-and-india-take-steps-to-expand-marine-insurance-market

Riding waves of growth, China and India take steps to expand marine insurance capacity

March 22 2024

Countries look to develop domestic markets in response to maritime growth and global challenges.

aerial-and-satellite-images-employed-to-fast-track-noto-peninsula-quake-claims

Noto earthquake claims rise to 115k, with 59% paid: GIAJ

March 22 2024

Latest numbers show accepted claims have increased from 67k at end Jan, though good progress has been made with 83% of investigations now completed.

Ping An reports 23% profit decline in 2023

March 22 2024

Life & health business sees 3.2% reduction in operating profits, despite surge in NBV, while P&C operating profits decline 11.4%.

insurance-agent-banned-for-15-months-over-for-falsifying-documents

Hong Kong Insurance agent banned for 15 months for falsifying documents

March 21 2024

Document and signature falsification results in a rescinded policy, leaving client without coverage after the life insured's death.

malaysias-insurance-and-takaful-funds-see-2h-2023-profit-dip-amid-rising-claims-in-2h-2023

Malaysia's insurance and takaful sector see H2 2023 profit dip amid rising claims

March 21 2024

BNM report shows surge in medical claims hit profits in 2H, but growth in new business premiums, GI, and investment income.

nrma-and-suncorp-provide-premium-cuts-through-bushfire-resilience-app

NRMA and Suncorp provide premium discounts through Bushfire Resilience App

March 21 2024

Aussie insurers team up with Resilient Building Council to reward households with reduced premiums for improving bushfire resilience.

china-united-property-insurance-placed-on-rating-watch-negative-amid-parent-company-woes

China United Property placed on Rating Watch Negative amid parent company woes

March 21 2024

Change reflects Fitch's concerns over deteriorating credit profile of parent company and its ability to support CUPI in times of stress.

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