Business type

lic-announces-expedited-claims-settlement-to-victims-of-tragic-balasore-train-accident

IRDAI asks insurers to carry out 'suo motu' claim settlement for policies related to the Odisha train collision

June 6 2023

The Indian regulator has asked insurers to minimise paperwork and use official lists of passengers to expedite claims payments.

chubb-establishes-aviation-hub-in-singapore-led-by-alastair-stuart

Chubb launches new aviation hub in Singapore, led by Alastair Stuart

June 5 2023

The hub is part of a strategic push from Chubb Global Markets to expand its aviation and aerospace business in the APAC region.

emergence-expands-cyber-insurance-offering-to-new-zealand

Australian MGA Emergence expands Cyber offering to New Zealand

June 5 2023

The cyber specialist has taken its first step internationally and will provide Cyber Excess policies with limits of up to NZ$20m.

ASIC Chair: ESG is here to stay and regulatory change is coming

June 5 2023

Joe Longo was speaking at the AFR ESG summit in Sydney and emphasised the importance of ESG for consumers, investors, companies and the planet.

report-china-life-invests-300-million-yuan-in-series-b-round-for-yingke-biopharmaceutic

Report: China Life invests US $42.4m in Series B round for Yingke Biopharmaceutic

June 5 2023

Yingke was established in 2022 and is engaged in the R&D of pharmaceutical drugs

onedegree-global-testing-microsofts-azure-open-ai-service-for-saas-insurtech-solutions

OneDegree Global testing Microsoft's Azure Open AI service for pricing, underwriting and claims solution

June 5 2023

The insurtech is testing the generative AI feature in a private alpha of its IXT Seeble solution.

am-best-affirms-strenth-and-credit-ratings-for-petronass-pure-captive-energas-but-downgrades-outlook-to-negative

AM Best affirms Strength and Credit Ratings for Petronas's pure captive Energas, but downgrades Outlook to 'Negative'

June 5 2023

Energas has a strong balance sheet, but had a combined ratio of 106% in 2022 and is vulnerable to large losses from its energy-focused portfolio.

LIC announces expedited claims settlements for victims of tragic Odisha train accident

June 4 2023

On Friday, India experienced its most severe train accident of the century. Three trains derailed, causing the death of at least 288 people and injuring over 1100 more.

irdai-orders-transfer-of-sahara-india-life-insurances-assets-and-liabilities-to-sbi-life

IRDAI orders transfer of Sahara India Life's 200,000 policies to SBI Life

June 3 2023

This is the second time the Indian regulator has issued a business transfer order for SILIC. The first in 2017 was set aside by the Securities Appellate Tribunal.

everest-poaches-singapore-based-glen-browne-from-chubb-to-lead-head-of-international-corporate-strategy

Everest hires Singapore-based Glen Browne from Chubb to head up International Corporate Strategy

June 3 2023

Browne will lead Everest's expansion into APAC, Europe and the UK.

munich-re-launches-ai-augmented-underwriting-solution-in-apac

Munich Re launches AI-augmented underwriting solution, Predictor, in Asia Pacific

June 3 2023

The cloud-based platform was developed by Munich Re Automation Solutions and is available immediately to L&H insurers in APAC, the Middle East, and Africa.

Aegon Life launches India's first insurance product for surrogate mothers and egg donors

June 2 2023

Digital insurer Aegon Life has launched India’s first insurance solution for surrogate mothers and egg donors. The policy offers a three-year life cover for surrogate mothers and a one-year cover...

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