Non-life

icnz-over-nz1bn-us621m-paid-out-for-auckland-anniversary-weekend-floods-and-cyclone-gabrielle-so-far

ICNZ: Over NZ$1bn (US$621m) paid out so far for Cyclone Gabrielle and Auckland Anniversary Weekend Floods

June 22 2023

While 35% of claims have been settled, the Insurance Council of New Zealand's Chief Executive said there's still a long road ahead.

irdai-relaxes-go-to-market-rules-for-group-insurance-and-allows-combination-life-and-health-insurance-plans

IRDAI eases rules related to launch of group plans, enables 'combi' life & health products

June 22 2023

The Indian regulator has made the change as part of its ongoing aim to increase insurance penetration in the country.

Seoul Guarantee Insurance set to go public in Q4

June 21 2023

Korea Exchange (KRX) has received an application from SGI with a listing expected to take place in Q4 this year.

report-reforms-could-see-indian-insurers-distributing-mutual-funds-for-the-first-time

Report: Reforms could allow Indian Insurers to distribute mutual funds for the first time

June 21 2023

The Department of Financial Services has proposed five amendments to the India Insurance Act which could open up new opportunities for insurers.

hkecic-partners-with-five-major-banks-to-expand-trade-credit-offering-for-mainland-china

HKECIC partners with five major banks to expand trade credit offering for businesses dealing with Mainland China

June 21 2023

The pilot scheme provides increased transparency and shared risk, enabling HKECIC to provide credit insurance to exporters trading with private enterprises in China.

ojks-proposed-capital-requirements-increase-likely-to-lead-to-increased-ma-and-consolidation-of-indonesian-insurance-sector

OJK's proposed capital requirements to spur increased M&A and consolidation in Indonesia

June 21 2023

66 Indonesian (re)insurers would fail to meet increased requirements and a further 33 would struggle, driving M&A activity.

IAG's Firemark Ventures launches ClimateTech Center to help measure and mitigate climate change

June 20 2023

Firemark has joined up with Jerusalem Venture Partners (JVP) and Margalit Startup City to discover and develop startups and technologies which measure and mitigate climate impacts.

japans-fsa-orders-major-japanese-pc-insurers-to-report-on-alleged-cartel-formation

FSA investigates alleged cartel formed by major Japanese P&C Insurers

June 20 2023

Reports claim that Tokio Marine, Sompo, Mitsui Sumitomo, and Aioi Nissay Dowa conspired to offer fire insurance premiums which were significantly different from past policies.

Report: IRDAI mulling over the introduction of MGA's in India

June 20 2023

The introduction of Managing General Agents aligns with the regulator's ambitious goal of greatly increasing penetration.

axa-hong-kong-and-macau-announces-strategic-partnership-with-carbon-wallet

AXA Hong Kong announces strategic partnership with Carbon Wallet

June 20 2023

The Carbon Wallet app allows users to track eco-friendly activities and provides rewards

south-koreans-db-insurance-takes-vietnamese-bull-by-the-horns-with-75-stake-in-saigon-hanoi-insurance

South Korea's DB Insurance takes Vietnamese bull by the horns with 75% stake in Saigon-Hanoi insurance

June 19 2023

DBI strengthens its Vietnamese presence further, following its acquisition of a 75% stake in Aviation Insurance in February.

Allianz Malaysia Berhad commits to innovation and growth with NEXEA startup programme

June 19 2023

The programme is open for applications from from a variety of sectors, including Insurtech, and matches startups with established corporates.

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