Business type

irdai-proposes-new-collateral-requirements-for-cross-border-reinsurance-deals

Indian cedents likely to face new collateral requirements for cross-border reinsurance transactions

February 22 2024

IRDAI issues draft guidelines mandating new collateral requirements from FY 2025-26.

Western Australia braces for ex-tropical cyclone Lincoln's return

February 21 2024

The cyclone is set to reintensify, after previously causing extensive rainfall in the NT, and is part of a series of weather challenges facing Australia.

hong-kong-pah-industry-to-hit-hk28-5bn-by-2028-globaldata

Hong Kong PA&H insurance to hit HK$28.5bn by 2028: GlobalData

February 21 2024

GlobalData projects 7.4% CAGR over the next five years amid rising health costs and increasing demand.

Parametric agriculture insurance faces distribution hurdles in Asia

February 21 2024

Indemnity insurance fraud and problems with the bancassurance model mean creative approaches to distributing parametric insurance are needed.

chinas-non-listed-pc-and-life-insurers-see-contrasting-results-in-2023

China's non-listed insurers see large losses amid mixed results in 2023

February 21 2024

Life segment's US$1.97bn losses contrast with P&C's US$659m profits, though only 35% of P&C insurers achieve COR below 100%.

KGI Life's strategic focus on higher-margin protection underpins Fitch ratings affirmation

February 20 2024

Taiwan insurer sees 'A' rating affirmed, with Fitch spotlighting improvements in VNB margin and strong RBC ratio.

sp-global-affirms-rating-for-chubb-insurance-japan-as-combined-ratio-strengthens

S&P Global affirms rating for Chubb Japan as combined ratio strengthens

February 20 2024

'AA-' rating and stable outlook upheld, as S&P spotlights importance to Chubb group and improving underwriting results.

Australian Competition Tribunal approves ANZ's acquisition of Suncorp's banking business

February 20 2024

Tribunal overturns ACCC's decision, paving way for AU$4.9bn (US$3.2bn) acquisition, with Group CEO commenting the move will significantly strengthen Suncorp's ability to meet evolving insurance needs.