Asia recorded its lowest first-half insured catastrophe losses since 2017, but more than US$6bn in flood-driven economic losses in China underscored the region's significant protection gap.
The insurer's proposed undertakings include annual product benchmarking, pricing safeguards and protections for smash repair providers in Western Australia.
Fire insurance led Japan's non-life market improvement in FY2025, as claims fell sharply despite continued premium growth across major commercial lines.
The former MGA executive joins the newly launched network to lead its broker recruitment drive as it scales its authorised representative model across Australia.
A shift to a broad-based property charge would lower costs for most households and businesses while expanding insurance uptake, the industry body said.
