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Hong Kong's FTLife officially rebrands to CTF Life

July 23 2024

Chow Tai Fook Life Insurance plans to grow in the Greater Bay Area by leveraging its parent company's strength.

zurich-australia-benefiting-from-improvements-in-underwriting-risk-selection-says-fitch

Zurich Australia benefiting from improvements in underwriting risk selection says S&P

July 23 2024

S&P Global affirms ratings while expecting growth in travel, SME, mid-market, corporate, and life segments.

fitch-pegs-crowdstrike-insurance-losses-in-mid-to-high-single-digit-billions

Fitch pegs CrowdStrike insurance losses in mid-to-high single-digit billion dollar range

July 23 2024

Incident unlikely to have a significant impact on global (re)insurers' results and claims should fall within primary carriers' retentions, says Fitch.

japans-major-non-life-insurers-identify-65000-fraudulent-claims-made-by-bigmotor-report

Japan's major non-life insurers identify 65,000 fraudulent Bigmotor claims - report

July 23 2024

Four major non-life insurers review claims spanning eight years, reportedly finding 30% of 236,000 claims to be fraudulent.

income-insurance-and-allianz-in-talks-over-potential-deal

Allianz's acquisition of Income unlikely to alter Singapore market says Fitch

July 22 2024

Income's market-leading position in non-life market will be strengthened, but life segment will continue to be dominated by established players, says Fitch.

fitch-affirms-nan-shan-lifes-ratings-with-higher-contractual-service-margins-expected-from-2016

Fitch affirms Nan Shan Life's ratings with higher contractual service margins expected from 2026

July 22 2024

Taiwanese insurer maintains 'A-' IFS rating, with IFRS 17 introduction in 2026 likely to increase CSM.

Proposed sale of South Korea's MG Non-Life Insurance fails for third time - report

July 22 2024

Sale halted once more after failing to secure concrete interest from enough bidders.

Aussie insurance delegation heads to Washington and California to explore nat cat solutions

July 21 2024

Senior insurance executives and officials to visit the US and discuss solutions for natural catastrophe risks and protection gaps.

am-best-affirms-ratings-of-picc-hong-kong

PICC HK returns to profitability in 2023 driven by profitable inward business and investments

July 20 2024

AM Best affirms ratings, highlighting impact of expanded inward business and strong income from diversified investments.

Agile lures Aon's Rowan as Group Risk and Compliance officer

July 19 2024

Matthew Rowan joins from Aon where he was Chief Compliance Officer.

indonesia-looks-set-to-mandate-third-party-liability-motor-insurance-from-january-2025

Indonesia set to mandate third-party liability motor insurance from January 2025

July 19 2024

Move has been much anticipated by the insurance industry, but presents greater risks alongside the increased opportunities.

Swiss Re: Nat Cat losses set to double over the next 10 years

July 19 2024

Geopolitical risk is also on the rise with the reinsurer warning that SRCC events are also more likely over the next 12 months.

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