The Auckland High Court has ordered the insurer, a subsidiary of Suncorp New Zealand, to pay the reduced fine for failing to apply multi-policy discounts to nearly 42,000 customers
Against the backdrop of devasting natural catastrophes, China's State Council is seeking to reduce the country's protection gap with expansion of insurance products in small towns, rural areas, and for...
Aon predicts APAC employers to see 9.7% rise in medical plan costs in 2024, driven by factors including return to pre-pandemic health care levels, high-cost treatments, chronic diseases, and global economic...
A model created by Lloyd's predicts that a food supply shock event could result in between US$3 trillion to US$18 trillion in global economic losses, with Greater China and APAC most vulnerable.
The disasters encompassed diverse events, including an avalanche in Nyingchi, Tibet, heavy rains in Henan Province affecting the harvest, and Typhoon Doksuri leading to catastrophic floods in the Hai River...
The solution will use TPIsoftware's InsureBrick framework to build a customised system aimed at enhancing the P&C insurer's efficiency, flexibility, and customer service.
With a global economic deceleration looming, Allianz Trade sees India as a key propeller for growth — driven by rising middle class, consumer spending, and buoyant IT exports.
Digitalisation and government intervention are revolutionising the crop insurance markets in China and India, and the approach offers a model to help Southeast Asia bridge their agricultural protection...
AM Best continues to project a negative outlook for Indonesia's non-life insurance sector, citing increased reinsurance credit risk and pressure on underwriting margins as key factors.
