Topics – (Re)in Asia

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nsw-government-launches-netstrata-review-following-allegations-of-excessive-insurance-brokerage-fees

NSW Government launches Netstrata review following excessive insurance brokerage fees allegations

May 4 2024

Review launches amid broader concerns of systemic issues in strata insurance, highlighted by recent ACIL survey.

Taiwan's government allocates US$878m for Hualein earthquake recovery efforts

May 3 2024

NT$28.55bn (US$878m) allocated with a focus on public infrastructure, private homes, and economic revitalisation.

Australia's General Insurance code breaches rise 34% in 2022-23

May 3 2024

New data from the General Insurance Code Governance Committee shows a continued uptick in code breaches.

Chubb prepares US$350m claim payout for Baltimore Bridge collapse - reports

May 3 2024

First major payout from Scott Key Bridge looms after incident sparks complex web of claims and lawsuits.

NFRA calls for swift insurance response to Guangdong highway collapse

May 3 2024

Another disaster hit rain-stricken Guangdong on Wednesday, with insurers fast-tracking 10.62m yuan (US$1.47m) in claim payments so far.

New Zealand moves to modernise century-old insurance laws as Parliament passes first reading of key bill

May 2 2024

The Contracts of Insurance Bill, which aims to shift disclosure responsibilities to insurers and prevent unfair claim denials, passes its first reading in Parliament.

irdai-likely-to-provide-may-approval-for-iihls-acquisition-of-reliance-capitals-insurance-arms-report

IRDAI likely to approve IIHL's acquisition of Reliance Capital's insurance arms in May - report

May 2 2024

Regulator likely to provide approval prior to May 27 Law Tribunal deadline, a source has told the Economic Times.

New AI platforms require tighter focus on governance

May 2 2024

APAC insurers' traditional business models and legacy architecture could make it harder for them to tackle new risks.

sedgwick-expands-global-aviation-claims-management-solutions

Sedgwick expands aviation capabilities with new global solutions

May 2 2024

With air travel nearing pre-pandemic levels, Sedgwick expands its aviation claims services through new global aviation team.

australian-mga-agile-receives-in-principle-approval-for-new-lloyds-syndicate

Agile Underwriting receives final Lloyd's approval for Syndicate 2427

May 1 2024

Agile Underwriting Services Syndicate 2427 has received final approval to begin underwriting this month.

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