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picc-hk-maintains-excellent-ratings-with-am-best

AM Best: PICC HK maintains excellent financial strength and credit ratings

June 23 2023

The (re)insurer is developing its inward reinsurance portfolio and with its expansion to Macau can now provide motor policies which cover the greater bay area.

eight-chinese-insurers-receive-collective-fine-of-13m-yuan-us1-65m-for-price-fixing-student-insurance

Eight Chinese insurers receive collective fine of 11.8m yuan (US$1.65m) for price-fixing student insurance

June 22 2023

China’s State Administration for Market Regulation ruled the insurers created a monopoly to control the market and fix prices.

tokio-marine-newa-insurance-receives-fourth-capital-injection-to-meet-minimum-capital-requirements-after-surge-of-covid-19-payouts

Taiwan: Tokio Marine Newa receives fourth capital injection to help meet regulatory capital requirements in wake of Covid-19 claims

June 22 2023

TMNI needed to increase its risk-based capital ratio above 50% or risk being taken over by Taiwan's Financial Supervisory Commission.

Malaysia: Etiqa partners with Petotum on embedded pet insurance partnership

June 21 2023

The businesses will partner to offer comprehensive pet insurance products in a user-friendly online platform.

hkecic-partners-with-five-major-banks-to-expand-trade-credit-offering-for-mainland-china

HKECIC partners with five major banks to expand trade credit offering for businesses dealing with Mainland China

June 21 2023

The pilot scheme provides increased transparency and shared risk, enabling HKECIC to provide credit insurance to exporters trading with private enterprises in China.

south-koreans-db-insurance-takes-vietnamese-bull-by-the-horns-with-75-stake-in-saigon-hanoi-insurance

South Korea's DB Insurance takes Vietnamese bull by the horns with 75% stake in Saigon-Hanoi insurance

June 19 2023

DBI strengthens its Vietnamese presence further, following its acquisition of a 75% stake in Aviation Insurance in February.

fwd-and-livi-launch-bancassurance-pet-care-partnership-in-hong-kong

FWD and livi launch bancassurance pet insurance partnership in Hong Kong

June 17 2023

FWD and livi continue to strengthen their bancassurance partnership with the launch of Pet Care.

irdai-asks-for-claims-related-to-cyclone-biparjoy-to-be-settled-quickly

IRDAI calls for speedy settlement of Cyclone Biparjoy claims

June 17 2023

Insurers urged to help financial burden of those affected by expected widespread damage.

Lexasure looks to partner with Qornerstone to offer embedded proptech solutions in Singapore and Malaysia

June 16 2023

Insurance products being pursued under the agreement include home, auto, and public liability insurance.

bolttech-partners-with-taiwan-mobile-to-offer-insurance-products-underwritten-by-fubon

Bolttech and Taiwan Mobile launch insurance partnership underwritten by Fubon

June 15 2023

The partnership beings with travel insurance but is expected to expand to cyber, auto, and personal injury in future.

iag-expects-to-exceed-perils-allowance-for-the-seventh-time-in-eight-years

IAG expects perils cost to hit AU$2.9bn (US$1.99bn) and exceed perils allowance for the seventh time in eight years

June 15 2023

At its Investor Day, IAG executives revealed rate hikes, expected perils costs, and expected business achievement for 2023.

fitch-affirms-lloyds-and-lloyds-china-ifs-rating-at-aa-despite-2022-loss-and-environmental-exposure

Fitch affirms Lloyd’s and Lloyd's China IFS rating at 'AA-' despite US$1bn loss and Nat Cat exposure

June 15 2023

The (re)insurance marketplace recorded a 91.9% combined ratio in 2022 but was hit by valuation losses in its bond portfolio.

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