Business type

surge-in-insurance-fraud-hits-historic-high-in-south-korea-report

South Korean insurance fraud hits historic high in H1 2023: Report

November 14 2023

Insurance fraud surges 21.8% in first half of the year, with a spike in cases involving industry professionals and organised crime.

globaldata-japan-life-insurance-market-expected-to-surpass-us350bn-by-2028

GlobalData: Japan life market to reach nearly US$360bn in 2028

November 14 2023

Japan's life insurance industry is forecast to expand steadily in the coming years, despite potential challenges from changes in the Bank of Japan's monetary policy.

Independent panel appointed for review of Australia's 2020 General Insurance Code of Practice

November 14 2023

The panel to be led by former APRA Deputy Chair Helen Rowell and will aim to enhance consumer protections and modernise industry standards.

Singapore flaunts credentials as a mediation-arbitration hub

November 14 2023

A tweak to standard insurance contracts late last year is changing the way insurers settle disputes

tokio-marine-holdings-announces-new-disaster-prevention-and-mitigation-venture-tokio-marine-resilience

Tokio Marine announces new disaster prevention and mitigation subsidiary, Tokio Marine Resilience

November 13 2023

The wholly owned subsidiary will provide disaster prevention and mitigation solutions.

Major Australian port operator hit by serious cyber incident

November 13 2023

DP World Australia, which handles 40% of the nation's maritime trade, was hit by a disruptive cyberattack on Friday.

AM Best assigns stable outlook, predicts steady growth for New Zealand's non-life segment

November 13 2023

Despite two record nat cats in 2023, excess-of-loss reinsurance, strong capital adequacy, and inflation should provide stability and growth for NZ non-life market, though constrained reinsurance capacity...

Australia: ASIC report reveals significant concerns around third-party cyber risks

November 13 2023

A 2023 survey conducted by ASIC reveals considerable cyber security weaknesses in Australian businesses, prompting a rally call from the regulator for improved cyber practices.

IAG joins Australian Cyclone Reinsurance Pool

November 13 2023

Insurance Australia Group joins Cyclone Pool, while advocating for more investment in disaster risk reduction and stronger national building codes.

motor-cover-continues-to-dominate-asia-pac-non-life-market

Motor continues to dominate APAC non-life market

November 13 2023

Gallagher Re report shows APAC GWP reached US$1.7 trillion in 2022 — dominated by motor, but low overall insurance penetration highlights region's growth potential.

Singapore's Life industry sees mixed performance through first three quarters of 2023

November 13 2023

Amidst economic uncertainty, Singapore's life insurance industry sees a decline in single-premium policies but a robust uptake in annual premiums and health insurance plans, reports the Life Insurance...

BOC Aviation secures US$208m insurance settlement for grounded aircraft in Russia

November 10 2023

Following a series of similar settlements, Singapore's BOC Aviation obtains US$208 million from NSK for aircraft stranded in Russia.

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