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hong-kong-underwriting-profits-and-gross-premiums-fell-sharply-in-2023

Hong Kong underwriting profits fell sharply in 2023

March 8 2024

Extreme weather and a struggling property market paved the way for big drops across multiple lines, according to provisional Insurance Authority data.

Cyber incidents surge among Hong Kong SMEs QBE survey reveals

March 8 2024

30% of SMEs reported hacking incidents, up from 18% the year prior, as survey highlights gaps between business concerns and insurance coverage.

Australian MGA Criterion Underwriting expands to New Zealand

March 8 2024

Criterion expands from Australia, with a focus on waste and recycling segments and other hard to place risks.

AXA launches women-exclusive health centre in Hong Kong

March 8 2024

AXA and Chiron Medical launch health centre with all-female medical team and which offers services exclusively for women.

nz-financial-markets-authority-files-proceedings-against-tower-insurance-over-discount-failures

NZ FMA files civil proceedings against Tower Insurance over discount failures

March 8 2024

Financial Markets Authority alleges Tower overcharged customers NZ$9.5m (US$5.87m) by failing to apply multi policy discounts.

insurance-council-of-australia-labels-victorias-valentines-day-storms-a-significant-event

Insurance claims from Victoria's Valentine's Day storms top AU$100m

March 8 2024

Victoria's 14 Feb severe storms trigger nearly 20,000 claims worth AU$104m (US$69m), says ICA.

Insurance industry gender pay gap persists in APAC; Australia leading regional peers

March 8 2024

But despite Australia's strong international performance, finance and insurance is second worst sector domestically, as insurance and superannuation gap widens in last three years.

ICAC charges ex-Insurance Authority director over coercive hiring allegations

March 8 2024

Hong Kong's corruption watchdog charges Hui Mei-ying and daughter-in-law with misconduct in Prudential hiring case, with both granted bail.

New FSC rule eases overseas capital raising for Taiwanese insurers

March 8 2024

Insurers will be able to tap into global bond markets through SPVs, diversifying funding sources with TW-ICS implementation looming.

India's Ministry of Ports, Shipping and Waterways advancing plans for domestic P&I club - report

March 8 2024

Initial focus on coastal and riverine vessels, but regulatory issues remain.

Australian Treasury looks to standardise natural hazard insurance definitions

March 7 2024

New consultation aims to standardise natural hazards to enhance transparency and consumer understanding.

Etiqa Singapore launches plan with monthly cash payouts and mental health support

March 7 2024

Essential Critical Secure offers comprehensive protection against 111 critical illnesses and mental health conditions, with unique monthly cash payouts for severe cases.

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