Topics

Transitional measures give Korean insurers time to strengthen balance sheets

February 14 2024

Korean insurers capital ratios are 20% stronger thanks to transitional measures introduced by regulators, but these have a limited timespan.

bupa-launches-au20m-venture-fund-to-support-healthcare-startups

Bupa APAC launches new venture fund to support healthcare startups

February 13 2024

Bupa Ventures AU$20m aims to support Seed to Series A healthcare start-ups across APAC.

japanese-property-insurers-to-maintain-gwp-growth-and-stable-loss-ratio-amid-earthquake-risks-globaldata

Japanese property insurers to maintain GWP growth and profitability amid earthquake risks: GlobalData

February 13 2024

Segment likely to remain stable, supported by government backing, reinsurance risk management, and rate adjustments.

Insurtech MediConCen secures US$6.85m in Series A funding

February 12 2024

Hong Kong insurtech will target Middle East and Southeast Asia growth with latest investment round, which was led by HSBC Asset Management.

japanese-non-life-insurers-told-to-offload-cross-held-shares-in-wake-of-price-fixing-probe

Japanese insurers told to offload cross-held shares in wake of price-fixing probe - report

February 12 2024

Concerns over influence of strategic shareholdings have prompted Japan's FSA to order insurers to divest from cross-held shares.

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Global: Anne Marie Elder appointed CUO of AXA XL's newly created Global Specialty branch

February 9 2024

Elder is tasked with leading the strategic direction and supporting growth in Marine, Aerospace, and Specialty Niche portfolios.

Pacific Prime expands to Australia

February 9 2024

Days after acquiring a Malaysian broker, Pacific Prime reaffirmed its commitment to APAC growth by announcing it had opened shop in Australia through key hire of Michael Atta.

AM Best affirms and then withdraws ratings for Shanghai Electric's captive insurer

February 8 2024

AM Best affirms and subsequently withdraws Shanghai Electric Insurance's 'Good' ratings upon company's request.

chinese-ships-secure-lower-insurance-rates-in-red-sea-amid-houthi-attacks-report

Chinese vessels gain access to reduced Red Sea rates amid Houthi strikes - report

February 8 2024

Chinese ships are benefiting from lower rates amid targeted Houthi attacks on Western vessels.

Agricultural Insurance Company of India launches crop insurance pilot for small tea growers

February 8 2024

AICIL launches pilot scheme targeting small tea producers in three key regions, with plans for national expansion based on initial success.

Roy Nakazawa appointed as WTW's Head of Japan and Head of CRB Japan

February 8 2024

Nakazawa will move from STARR to WTW effective from 1 April.

CPS 230 means increasing focus on cyber risk for Australian insurers

February 8 2024

Insurers will need to focus on fourth and fifth party outsourcing as part of the new APRA standard.

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