Property

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Malaysia’s general insurance industry growth to slow for third consecutive year: GlobalData

May 20 2025

The organisation expects Malaysia’s insurance sector to post 6.6% growth in 2025.

Beijing hailstorm triggers 28,200 insurance claims: Report

May 20 2025

Estimates put insurance losses from the storm at 193m yuan (US$26.8m) so far.

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Ping An P&C maintains motor profitability amid NEV growth shift: AM Best

May 20 2025

Ratings affirmed as insurer reports a rebound in earnings.

Japan non-life outlook steady on regulatory oversight, fire insurance gains: AM Best

May 16 2025

The ratings agency also warns that Japan’s motor insurance segment faces ongoing profitability challenges.

Cyclone reinsurance pool cuts premiums in high-risk areas by up to 39% in Australia: ARPC

May 15 2025

Australian Reinsurance Pool Corporation's latest assessment says cyclone pool is boosting insurer willingness to cover cyclone-prone areas.

AXA XL continues India buildout with five appointments, including Saumitra Sharma as CUO

May 14 2025

Saurabh Bhootara also joined as Underwriter, Priya Manchanda as Claims Specialist, Vinod Kumar as Assistant Underwriter, and Akash Jain as Underwriting Assistant.

Zurich Singapore names new Heads for Property and Financial Lines Underwriting

May 13 2025

Christy Yeo and Wendy Ong promoted to lead property and financial lines portfolios, respectively.

IHC, BlackRock launch US$1bn AI-powered reinsurance venture headquartered in Abu Dhabi

May 12 2025

Platform has strategic ambitions focused on Middle East and Asia with plans to use AI for faster risk assessment.

AXA XL grows Australia claims team with new specialist appointments

May 12 2025

Tylie Petrovski joins in Brisbane, while Ilija Bogoevski and Rebecca Williams take on new roles in Sydney.

Claims from Cyclone Alfred, North Queensland floods reach A$1.5bn: ICA

May 12 2025

Alfred alone has driven over 116,000 claims, with an average payout of A$10,000.

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