Topics

PERILS: Cyclone Gabrielle's final insurance loss estimate at NZ$2.17bn

February 16 2024

Industry loss estimate increases to NZD 2.174bn (US$1.33bn); contributing to record NZ$4.4bn in losses when combined with Auckland Anniversary Weekend Floods.

aerial-and-satellite-images-employed-to-fast-track-noto-peninsula-quake-claims

Noto Peninsula Earthquake: 25,000 of 76,500 claims processed so far

February 16 2024

Insurance claims surge to 76,497, with 25,246 paid so far according to GIAJ's latest figures.

singapore-life-insurance-sector-sees-strong-end-to-2023-despite-annual-dip

Singapore life sector sees strong end to 2023 despite annual dip

February 16 2024

Amid macroeconomic challenges, Singapore's life industry ends 2023 on a high, with 14.4% growth in weighted new business premiums in Q4.

IRDAI's new draft regulations look to reduce compliance burden while increasing policyholder protection

February 15 2024

Latest draft regulations propose impactful industry changes, including longer 'free-look' period and relaxation of approval to open foreign branches.

APRA Chair highlights importance of insurance affordability and accessibility amid rising risks

February 15 2024

John Lonsdale was speaking to the Senate Economics Legislation Committee about APRA's interim supervision and policy priorities.

mic-global-and-wrms-to-launch-parametric-microinsurance-flood-product-india

MIC Global and WRMS to launch parametric microinsurance flood product in India

February 15 2024

MiIncome Flood Resilience is a loss of income product designed to help protect India's merchants and gig workers.

Insurance industry calls for Beijing engagement to help curb Red Sea attacks

February 15 2024

China and Hong Kong may be enjoying preferential insurance pricing, but supply chain risk is still a danger.

Tasmania maintains 'insurance tax' as Fire Services Levy reform put on ice

February 14 2024

Fire Services Levy reform hits standstill, leaving state as Australia's last to tax insurance for emergency services funding.

perils-pegs-initial-loss-of-australias-2023-christmas-storms-at-au1-4bn

PERILS pegs initial loss estimate of Australia's 2023 Christmas Storms at AU$1.4bn

February 14 2024

PERILS's first insurance loss estimate, for storms, that hit QLD, VIC, and NSW between 23 and 29 Dec, is AU$1.4bn (US$900m).

irdai-unveils-draft-regulations-for-indias-new-electronic-insurance-marketplace-bima-sugam

IRDAI unveils draft regulations for India's upcoming digital insurance marketplace, Bima Sugam

February 14 2024

The ambitious marketplace is being developed as a 'one stop shop' to improve insurance penetration in the country.

Skuld issues notice of cancellation for Red Sea War Risk cover

February 14 2024

Skuld announces cancellation of certain war risks after it received notice of cancellations from reinsurers.

wtw-and-solomon-agency-partner-on-north-american-exposure-of-south-korean-and-vietnamese-firms

WTW and Solomon Agency Corp partner on North American exposure of Asian businesses

February 14 2024

Strategic co-brokerage agreement aims to deliver tailored insurance solutions to South Korean and Vietnamese companies operating in North America.

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