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Markel launches FintechRisk+ policy with up to US$20m coverage limit

September 12 2024

New policy offers liability, theft, and cyber cover for fintech firms internationally, including in Asia.

Korean motor insurers’ 1H net profit drops 40.2% amid uptick in accidents

September 12 2024

Approximately 1.84m auto accidents were recorded in South Korea for the first half of 2024.

Aussie life insurers banned from using genetic testing to hike premiums or deny cover

September 12 2024

The ban, which was preceded by a moratorium on genetic testing in life insurance in 2019, was widely supported, said the federal government.

Stephanie Hong joins Tokio Marine Kiln as Marine Underwriter

September 11 2024

Hong joins from Great American and is tasked with further strengthening TMK's marine presence in Asia.

WTW launches Tech industry practice for Australia and New Zealand

September 10 2024

The specialised practice aims to tackle the increasing challenges of cyber liability, regulatory scrutiny, and data governance for technology companies.

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Income Insurance enhances hourly travel product with post-departure feature and more destinations

September 10 2024

In addition to the expansion of destinations, FlexiTravel Plus provides a "market-first" post-departure feature.

An Australian Flood Pool can’t “mask the price of the risk permanently”: ICA CEO Andrew Hall

September 10 2024

Using the U.S. flood program as a cautionary tale, Hall says any potential pool needs to work in tandem with flood mitigation.

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ICNZ calls for clear adaptation framework to manage climate risks in New Zealand

September 10 2024

Insurance Council backs Climate Change Commission's first monitoring report which says pace of current efforts are insufficent.

Coalition launches cyber risk reinsurance intermediary

September 10 2024

Coalition Re will help to provide capacity for cyber reinsurance treaties worldwide, including Asia Pacific.

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Steadfast Group suspends ASX trading amid strata allegations

September 9 2024

Australia's largest general insurance broker network has halted trading following allegations it mislead clients.

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