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Insurance Council of Australia warns that motor thefts are putting upward pressure on premiums
March 20 2025
ICA warns rising vehicle values and repair costs are driving insurance premiums higher, with theft trends adding further pressure.
China's insurance claims payouts climb 21% in 2024
March 20 2025
Claims reach 2.3 trillion yuan (US$322bn) while insurance premiums grow 11%.
Australia’s General Insurance Code of Practice review panel urges stronger action from ICA
March 19 2025
Panel welcomes ICA's Action plan but says that more decisive action can be taken to improve consumer outcomes.
IIHL completes Reliance Capital acquisition, plans to list insurance units: Report
March 19 2025
IIHL plans to list Reliance General Insurance and Reliance Nippon Life Insurance, within two to three years.
Allianz in talks with Jio Financial after Bajaj exit: Report
March 19 2025
The company is reportedly aiming for a minimum 50% stake in any new venture.
LIC eyes ‘substantial stake’ in health insurer, decision expected by March-end
March 19 2025
Move could reshape the competitive landscape of India's health insurance market.
IFRS S1 & S2 set to influence nat cat insurance pricing and capacity in APAC
March 19 2025
Enhanced disclosure practices likely to lead to a greater focus on location-level pricing and underwriting.
Woori’s insurance acquisitions likely to proceed despite FSS rating downgrade: Report
March 19 2025
The FSS has downgraded Woori’s management rating from Grade 2 to Grade 3.
JBA estimates insurance losses from ex-Tropical Cyclone Alfred at between A$1.5bn and A$2.5bn
March 19 2025
The storm displaced thousands, left 330,000 properties without power, and prompted over 20,300 evacuations in northern New South Wales.
Climate risks could cost South Korean banks and insurers up to US$31bn: Bank of Korea
March 18 2025
Stress test indicates up to KRW45.7 trillion in combined losses by century's end without climate change policies.
Lockton appoints Juliet Kwek as Head of People Solutions, Greater China
March 18 2025
She joins after working for over 13 years at MAXIS GBN.
Ping An, FAW Hongqi launch intelligent driving insurance
March 18 2025
The new insurance service aims to address the unique and evolving risks associated with autonomous and connected vehicles.
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