Non-life

CPS 230 means increasing focus on cyber risk for Australian insurers

February 8 2024

Insurers will need to focus on fourth and fifth party outsourcing as part of the new APRA standard.

Chubb's Christina Wong promoted to Chief Underwriting Officer, Casualty for Asia

February 8 2024

Dedicated Chubb team member Wong has extensive Casualty experience and is promoted internally.

cci-greenlights-zurichs-phased-70-stake-purchase-in-kotak-general-insurance

CCI greenlights Zurich's phased 70% acquisition of Kotak General Insurance

February 7 2024

The Competition Commission of India has provided full approval for Zurich's phased acquisition, first announced in November, starting with 51% in 2024, and a further 19% within three years.

samsung-fire-marine-latest-insurer-to-reduce-motor-rates-amid-rising-cost-of-living

Samsung Fire & Marine follows other Korean insurers by reducing motor rates amid rising cost of living pressures

February 7 2024

Heeding call from the government, Samsung F&M spearheads 2.8% cut, with industry peers having already cut between 2.5% to 2.6%

Pacific property insurance rates stall after rising for 26 quarters

February 7 2024

Marsh says that there is now increased competition among insurers offering capacity in this market segment.

bolttech Insurance launches new HK travel product which includes 'Cancel for any reason' coverage

February 7 2024

MyTravel has a 'Superior plan' which provides up to HKD25,000 in reimbursements, subject to a 50% cap.

Global: Generali GC&C promotes Carlos Gomez to Head of Insurance

February 7 2024

Gomez takes on new responsibilities, while maintaining his existing role, as Head of GC&C for Mediterranean & Latin America, ad interim.

India braces for new entrants to its onshore reinsurance market

February 7 2024

Regulators have been travelling overseas to tout the country's strengths as a fast-growing place to do business.

zurich-promotes-clement-hau-to-chief-underwriting-officer-for-hong-kong

Zurich Hong Kong promotes Clement Hau to Chief Underwriting Officer

February 7 2024

Clement Hau will succeed Anthony Seeto, assuming the role of CUO on 26 Feb.

indonesias-insurance-sector-set-for-consolidation-due-to-upcoming-minimum-capital-requirements

New capital requirements to drive consolidation in Indonesia's insurance market

February 6 2024

OJK will raise minimum requirements in 2026 and again in 2028, creating a leaner but more robust industry, Fitch said.

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