Asia's commercial space sector is expanding faster than local insurance capacity, leaving operators reliant on overseas reinsurers as orbital congestion emerges as a new underwriting risk.
The merger is intended to enhance Kyobo Life's digital insurance capabilities by combining Lifeplanet's online platform with its broader life insurance franchise.
The regulator plans closer oversight of claims assessment practices, with a particular focus on claims leakage, dispute trends and potential on-site reviews.
The 35-year-old Australian MGA is writing prestige, luxury, high-performance and classic motor risks for New Zealand brokers on MS Amlin capacity at Lloyd's.
