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india-considering-reallocation-of-terrorism-pool-funds-to-nuclear-or-marine-pools-report

India considering redistribution of US$1.8bn terrorism pool capacity to nuclear and import risks: Report

November 15 2023

GIC Re and P&C insurers deliberate reallocating portion of 150bn rupee (US$1.8bn) terrorism pool toward mitigation of risks related to nuclear energy and sanctioned imports.

sun-life-singapore-and-prudential-financial-advisers-partner-on-hnw-life-product

Prudential Financial Advisers to distribute Sun Life Singapore HNW life product

November 15 2023

Partnership enables PFA to offer the 'SunBrilliance Indexed Universal Life' product to its affluent and high-net-worth clients.

Energy asset valuations challenge Australia as decommissioning presses ahead

November 15 2023

More than US$40 billion of decommissioning needs to take place over the next 50 years.

towers-refund-costs-for-discount-errors-soar-to-nz11-2m

Tower's refund bill for discount miscalculations rises to NZ$11.2m

November 15 2023

CEO apologies after expected remediation costs for multi-policy discounts errors increases from NZ$6.2m (US$3.7m) to NZ$11.2m (US$6.7m).

Gallagher expands Australian presence with acquisition of Edgar Insurance Brokers

November 14 2023

Gallagher has acquired Victoria-based broker which specialises in servicing sectors including rural and farm, hospitality, transport, and trades.

surge-in-insurance-fraud-hits-historic-high-in-south-korea-report

South Korean insurance fraud hits historic high in H1 2023: Report

November 14 2023

Insurance fraud surges 21.8% in first half of the year, with a spike in cases involving industry professionals and organised crime.

globaldata-japan-life-insurance-market-expected-to-surpass-us350bn-by-2028

GlobalData: Japan life market to reach nearly US$360bn in 2028

November 14 2023

Japan's life insurance industry is forecast to expand steadily in the coming years, despite potential challenges from changes in the Bank of Japan's monetary policy.

Independent panel appointed for review of Australia's 2020 General Insurance Code of Practice

November 14 2023

The panel to be led by former APRA Deputy Chair Helen Rowell and will aim to enhance consumer protections and modernise industry standards.

Singapore flaunts credentials as a mediation-arbitration hub

November 14 2023

A tweak to standard insurance contracts late last year is changing the way insurers settle disputes

tokio-marine-holdings-announces-new-disaster-prevention-and-mitigation-venture-tokio-marine-resilience

Tokio Marine announces new disaster prevention and mitigation subsidiary, Tokio Marine Resilience

November 13 2023

The wholly owned subsidiary will provide disaster prevention and mitigation solutions.

AM Best assigns stable outlook, predicts steady growth for New Zealand's non-life segment

November 13 2023

Despite two record nat cats in 2023, excess-of-loss reinsurance, strong capital adequacy, and inflation should provide stability and growth for NZ non-life market, though constrained reinsurance capacity...

IAG joins Australian Cyclone Reinsurance Pool

November 13 2023

Insurance Australia Group joins Cyclone Pool, while advocating for more investment in disaster risk reduction and stronger national building codes.

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