Business type

typhoon-bebinca-shanghai-slammed-by-strongest-typhoon-since-1949-prompting-evacuation-efforts

Property claims in Shanghai following Typhoon Bebinca reach 29,400

September 23 2024

Based on estimates, the claims are expected to total approximately US$70m.

new-giaj-chairman-says-blunted-sense-of-risk-a-root-cause-of-compliance-failures

New GIAJ Chairman says "blunted sense of risk" a root cause of industry operational failures

September 23 2024

Hiroaki Shirota pledges reforms and restoration of trust following industry scandals which have weighed heavily on Japan's non-life industry.

NSW passes "tough" new strata reforms

September 23 2024

New rules in Australian state of NSW target conflicts of interest and insurance commissions with higher penalties and disclosure requirements.

new-zealand-reduces-planned-firefighting-and-motor-insurance-levies

New Zealand reduces planned firefighting levy increase

September 20 2024

Government reduces planned levy increases, which are collected through insurance premiums.

Motor to help drive Taiwan's General Insurance GWP to nearly US$11.5bn in 2028: GlobalData

September 20 2024

Vehicle sales, nat cats, and ageing population among factors expected to contribute to 6.8% CAGR over next five years.

chubb-appoints-putri-sari-suci-as-head-of-digital-for-general-insurance-in-indonesia

Chubb Indonesia promotes Putri Sari Suci to Head of Digital for General Insurance

September 20 2024

Suci joined Chubb in August 2023 and is elevated from her position as Digital Account Manager.

Fitch affirms ABCI Insurance's IFS ratings despite jump in combined ratio

September 20 2024

COR increased to 103% in 2023 due primarily to rise in motor loss ratio, but support of Agricultural Bank of China and strong capital position underscore ratings affirmation.

CCR Re to rebrand as Arundo Re in 2025

September 20 2024

French reinsurer will rebrand as of 16 January 2025 following majority stake acquisition by SMABTP and MACSF in July 2023.

giaj-tells-japanese-non-life-insurers-to-set-clear-deadline-to-offload-strategic-shareholdings

GIAJ tells Japan's non-life insurers to set clear deadlines for offloading of strategic shareholdings

September 20 2024

Amid regulatory pressure to reduce conflicts of interest, GIAJ sets new guidelines calling for clear timeframes on divestment of cross-held shares.

Bancassurance to benefit from economic growth in Asean

September 20 2024

The emergence of ‘connector model’ firms, principally in Indonesia, also puts Asean in the vanguard of digital insurance distribution.

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