Non-life

New motor SRCC directive likely to deflate profitability of Sri Lanka's non-life segment: Fitch

February 1 2024

Directive requires Sri Lankan non-life insurers to transfer 100% of SRCC-related motor premiums to state-run NITF.

ICA calls for AU$500m annual fund for flood risk mitigation

January 31 2024

ICA's Pre-Budget submission call for AU$500m (US$329m) in flood-mitigation funding and extension of the Disaster Ready Fund, among other initiatives.

Cyber, op resilience, and insurance affordability among APRA priorities for next six months

January 31 2024

Australian regulator provides transparency on interim supervision and policy priorities before it launches its 24-25 corporate plan in August.

total-premium-income-for-chinese-market-reaches-5-trillion-yuan-in-2023-nafr

Total premium income for Chinese market reaches 5 trillion yuan in 2023: NFRA

January 31 2024

Data from China's regulator shows P&C premiums grew 6.73% YoY, led by 17.31% rise in Agri; Life & Health grows 10.25%, including 12.75% increase in Life segment.

dimitri-plastiras-to-join-canopius-as-underwriter-as-part-of-global-credit-political-risk-hires

Dimitri Plastiras joins Canopius APAC as Underwriter as part of global Credit & Political Risk hires

January 30 2024

Dimitri Plastiras moves from KPMG; Angelos Deftereos, Boris Medimorec, and Virad Patel join the team in London.

Insurtech Rabbit Care hops into Vietnam

January 30 2024

Rabbit Care's Vietnam debut marks a key step in its Southeast Asian expansion.

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

Noto earthquake claims hit 50,000 with economic damage estimated up to US$17.7bn

January 30 2024

Ishikawa Prefecture worst hit with over 20,000 claims, as Japanese government estimates total damage from quake between ¥1.1- ¥2.6 trillion (US$7.5-US$17.7bn).

MGA's Epsilon, Wellington Underwriting, and Aster to merge

January 30 2024

The merged business will combine for a collective AU$150m (US$99.2m) in GWP and gradually transition to operating under the Epsilon brand.

APRA increases Auto & General capital requirement by AU$50m

January 30 2024

Following review, regulator mandates risk remediation program and increases capital requirement by AU$50m (US$33m).

Bigmotor scandal yet to dent Sompo share price as Group CEO exits

January 30 2024

Sompo accused of ‘valuing profits over customer interests’ by the FSA in a business improvement order.

The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August