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Satellite image of a large hurricane swirling over the western Pacific near the Philippines and East Asia.

Typhoon Bavi: Zhejiang-based insurers pay US$11m as claims mount

July 16 2026

Ping An’s claim count surged more than fivefold in two days as insurers continued assessing losses from the storm.

Allianz Worldwide Partners Japan rebrands to Allianz Partners

July 16 2026

The move aims to simplify customer and partner interactions by aligning business with the group’s architecture as part of its "One Brand Strategy."

Large cargo ship navigating the Strait of Hormuz with containers onboard.

Hormuz war-risk rates climb again after brief easing in June

July 15 2026

Renewed strikes on vessels have lifted Hormuz war-risk rates to around 2% to 4% of hull value, though they remain below March's highs.

Seal of the Reserve Bank of India on a red gate with a tiger and palm tree emblem in relief behind bars outside a stone building.

RBI proposes one-time approval for insurers to raise bank holdings

July 15 2026

Draft amendments would allow qualifying institutional investors to increase their shareholding in the same bank without seeking repeated regulatory approvals.

Hands typing on a laptop with floating security icons and a wireframe face, highlighting deepfake threats in cybersecurity contexts.

Korea FSC to establish AI-based insurance fraud prevention infrastructure in 2026

July 15 2026

Measures targeting insurance fraud, corporate governance, and AI adoption form part of the regulator's broader financial-sector reform programme for H2.

Riverside village with wooden stilt houses along a muddy brown river under a cloudy sky, with green trees in the background.

Asia nat cat insured losses ease in H1 2026, but cyclone risk clouds outlook — Gallagher Re

July 15 2026

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.

Blue futuristic AI interface with circuitry, charts, and a central AI chip.

Insurtech Duck Creek acquires Send Technology Solutions

July 15 2026

The move will create Asia Pacific's first agentic underwriting-to-core platform, the insurtech said.

Sean Deehan to lead Aon's strategy and technology group in APAC

July 15 2026

He joins from Willis, where he most recently served as Greater China divisional leader and head of Hong Kong and Macau.

Illustration of a bonsai tree in a round concrete pot beneath a glass canopy, with a city skyline and distant mountains in the background.

Statutory floor, compliance mindset leave Korean firms underinsured on cyber risks

July 15 2026

Voluntary premiums are climbing fast, yet many firms still carry too little cover for their real exposure.

Promenade along a harbor with tall blue skyscrapers, street lamps, and blue banners fluttering.

IAG's Firemark backs insurtech, autonomous logistics, and quantum startups

July 15 2026

Corporate venture arm invests in five companies spanning insurance technology, autonomous transport, quantum computing, and advanced materials.

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