Business type

Insurtech Qoala trims 80 jobs four months after US$7.5m Series B round: report

August 3 2023

The Indonesian insurtech said that the lays offs were made following a post-funding assessment, citing the need to improve internal synergies for better future sustainability.

regulator-encourages-australian-insurers-to-explore-ils-amid-challenging-market

Australian regulator encourages insurers to explore ILS amid challenging reinsurance market

August 3 2023

APRA reminded insurers to consider alternative reinsurance arrangements, including cat bonds and ILS, with a regulatory review set for 2023-2024.

Only one in five Vietnamese SME's feel prepared to handle risks: WTW

August 3 2023

Vietnamese businesses have expressed low levels of confidence in managing future risks, according to a WTW study.

industry-veteran-jacob-hewitt-joins-new-zealands-vero-insurance-to-lead-construction-and-engineering-division

NZ’s Vero strengthens Construction and Engineering team with hire of experienced technical underwriter Jacob Hewitt

August 3 2023

Hewitt brings with him his extensive experience in the civil engineering and insurance sectors.

siriuspoint-partners-and-launches-new-health-insurance-product-in-china-1

SiriusPoint launches new health insurance product in China

August 2 2023

SiriusPoint Life Reinsurance has partnered with China Pacific Health Insurance, Further Group, and WaterDrop to launch the affordable medical insurance product.

Insurtech Vesttoo cuts staff by 75%, shuts down Asian operations following fake letters of credit crisis: report

August 2 2023

In the wake of the US$4bn credit letter scandal, the insurtech said it was taking measures to reduce costs and focus on core services.

sp-global-ratings-reports-stable-credit-trends-but-potential-risks-for-apac-insurance-sector

S&P reports stable credit trends, but highlights potential risks for APAC insurance sector

August 2 2023

In its midyear outlook, S&P said 90% of evaluated insurers have a stable outlook, but need to be vigilant to navigate dynamic market conditions.

major-japanese-insurers-under-further-scrutiny-for-price-fixing-report

Major Japanese insurers face further scrutiny over price fixing: report

August 2 2023

In June, the FSA instructed major Japanese insurers to investigate "cartel" behaviour over contracts supplied to railway operator Tokyu; the latest report suggests price fixing could be a more widespread...