Business type

spike-in-significant-breaches-highlights-systemic-weaknesses-in-australias-life-insurance-sector

Australian life insurers see 60% rise in significant breaches: LCCC

April 1 2025

Annual notice failures and privacy breaches drove the highest customer impact, with some issues dating back to 2017, according to code compliance committee.

insurers-on-alert-as-western-queensland-faces-catastrophic-flooding

Insurers ready to deploy resources as Western Queensland hit with worst flooding in 50 years

April 1 2025

More rainfall is forecast, and the ICA is working with government agencies to assess the impact and support recovery efforts.

Allianz Commercial appoints Will Slade to lead portfolio solutions in Asia

April 1 2025

He takes on the new responsibilities while maintaining his position as Key Relationship Manager.

Thai insurers reassessing earthquake coverage after Bangkok building collapse: Report

April 1 2025

Thai General Insurance Association says insurers are reviewing nat cat coverage and may separate earthquake and flood cover from fire policies.

korean-guarantee-insurance-payouts-rise-as-economy-falters-report

Korea’s revised capital rules to ease burden, improve capital quality says Fitch

April 1 2025

Immediate effects may be limited, but insurers are expected to adjust strategies over time to sustain earnings and manage capital costs, says Fitch.

australian-deferred-pay-rules-increase-dampo-exposure-for-insurers

Australian deferred pay rules increase D&O exposure for insurers

April 1 2025

The Financial Accountability Regime (FAR), introduced in March, potentially brings a lot of personal exposure for directors, as well as for entities.

sompo-to-become-first-japanese-pampc-insurer-to-adopt-ifrs-accounting-standards

Sompo to become first Japanese P&C insurer to adopt IFRS accounting standards

April 1 2025

The group will adopt international standards from FYE 2026, with a transitional period of reporting under both IFRS and Japan GAAP.

lockton-unifies-global-financial-lines-business-with-new-professional-and-executive-risk-practice

Lockton unifies global financial lines with new Professional and Executive Risk Practice

April 1 2025

Move unifies international ProFin team and U.S.-based Lockton Financial Services into a single global practice.

New leadership appointments at Aon Re see Soltysiak named Asia CEO

April 1 2025

Business also announces new Asia leadership roles for Musa Adlan, Pierre Vende, Danny Alexander, Soojin Kim, Cindy Gu, and Tom Drake.

irdai-moves-to-overhaul-fraud-oversight-following-insurer-data-breaches

IRDAI mandates 6-hour cyber incident reporting for insurers and intermediaries

April 1 2025

The directive reduces the previous 24-hour reporting window.

Allianz Partners and Mitsui Sumitomo Insurance form strategic partnership in New Zealand

March 31 2025

The alliance will allow Allianz Partners to introduce new, tailored travel solutions in the country, insurer says.

MS Amlin to open Australia branch, as Matt Botfield appointed head of Australia and New Zealand

March 31 2025

Sydney branch, currently pending Lloyd’s approval, will strengthen MS Amlin's reinsurance presence in the region.

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