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Emerging risks | Growth Opportunities | APAC Insurance

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Sunday, September 13, 2026

Topics

irdai-mandates-policy-loan-facility-in-life-insurance-savings-products-as-part-of-new-reforms
IRDAI mandates policy loans for life insurance savings products as part of new segment reforms
June 13 2024
New regulations include mandatory policy loans, extended free look period, and partial withdrawals for pension products.
2024 - Noto Peninsula Earthquake
GIAJ: Noto Peninsula Earthquake claims rise to ¥90.9bn (US$578.02m)
June 13 2024
Approx. 145k of 150k residential claims have been investigated, with 69% of claims paid.
ishang-and-psc-insurance-partner-to-develop-web3-proof-of-coverage-insurance-product-in-hong-kong
iSHANG and PSC Insurance partner to develop Web3 "Proof of coverage" insurance product in Hong Kong
June 13 2024
The solution will use smart contracts in a bid to enhance transparency, improve security, and streamline the claims process.
apra-finalises-guidance-for-upcoming-op-risk-standard-cps-230
APRA finalises guidance for upcoming op risk standard, CPS 230
June 13 2024
Regulator releases final cross-industry guidance to aid in the implementation of CPS 230, which will take effect from 1 July 2025.
prudential-appoints-grace-park-as-chief-data-analytics-amp-ai-officer
Prudential appoints Grace Park as Chief Data, Analytics & AI Officer
June 13 2024
Park joins from Manulife to oversee Prudential's use of data and AI across Prudential's business.
south-korean-motor-insurers-pay-claims-from-trash-balloons-despite-war-exclusions-report
South Korean insurers pay 'trash balloon' claims despite war exclusions - report
June 13 2024
Insurers are opting to cover motor damage, citing unusual circumstances and classifying North Korea's trash-filled balloons as "falling objects".
mas-and-bis-develop-blueprint-for-climate-risk-platform
MAS and BIS develop blueprint for climate risk platform
June 13 2024
Project Viridis aims to merge regulatory and climate data from corporate disclosures to help financial authorities manage climate risks.
silent-ai-risk-could-ramp-up-insurers-cyber-exposures-in-general-business-lines
‘Silent’ AI risk’ could ramp up insurers’ cyber exposures in general business lines 
June 13 2024
Wider AI use by businesses could add $4.4trn to annual global GDP growth and bring cyber risk directly into a number of general insurance lines says the Swiss Re Institute.
parametric-heatwave-microinsurance-triggers-in-india-providing-relief-for-nearly-50000-women
Parametric heatwave microinsurance triggers in India, providing relief for nearly 50,000 women
June 13 2024
The parametric product, underwritten by Swiss Re and provided locally by ICICI Lombard, was triggered by 40°C heatwaves in May, paying out to 46,242 low-income women in India.
NatCat - 2023 Australias Christmas Storms
Australia's Christmas Storms top AU$1.2bn in industry losses: ICA
June 12 2024
Christmas storms have led to over 97,000 claims with half now finalised, according to the Council's latest update.
singapore-airlines-offers-compensation-to-passengers-injured-in-severe-turbulence-reports
Singapore Airlines offers compensation to passengers injured in severe turbulence - reports
June 12 2024
Passengers with minor injuries reportedly offered US$10,000, while serious cases are in discussions about tailored compensation.
indian-regulator-introduces-new-general-insurance-reforms
Indian regulator introduces general insurance reforms
June 12 2024
Stricter claim rejections, flexible policy durations, and 'pay as you drive' motor options outlined in new master circular from the IRDAI.
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25 September
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