Topics

Hinduja propose US$36.7million investment in Reliance General Insurance

April 28 2023

This offer will help Reliance meet solvency requirements set out by the IRDAI and forms part of a wider bidding war for Reliance Capital

Photo of house and cars flooded in Australia.

PERILS updates loss estimate for October Southeast Australian floods to AU$907 million

April 28 2023

Personal property lines comprise 65% of the loss, followed by commercial property (25%) and then motor (10%).

Photo of bags of Japanese yen next to a wooden representation of house/factory.

Japanese Life insurers seeking safety in domestic bond investments

April 27 2023

A tightening of the BOJ's current monetary policy will result in yield increases for government and domestic bonds

Reliance General becomes first Indian insurer to accept RBI's e-Rupee for premium payments

April 27 2023

India's central bank digital currency (CBDC) is still in pilot stage

AIA to expand presence into third most populous province in China

April 27 2023

The CBIRC has provided regulatory approval for AIA China to begin operations in Henan province

Igloo and Circle K partner to expand insurance accessibility in Southeast Asia

April 27 2023

For the first time in Asia, convenience stores will sell non-life insurance - beginning with motor insurance in Vietnam

Photo of man reading financial statements. Logos of Samsung Life and FSS in top left and top right.

FSS issues administrative warning to Samsung Life Insurance

April 27 2023

Following its designation as a financial conglomerate last year, Samsung Life is facing increased responsibility

Photo of moving van with boxes outside a house.

ASIC cancels Assurance Cover Australia’s AFS licence

April 27 2023

The licence was cancelled due to the transport insurer's failure to maintain professional indemnity insurance

Photo of Japan CBD with Mount Fuji in the background.

Key takeaways: Moody's provides Stable Outlook for Japan's P&C sector

April 27 2023

Despite risks - posed by climate change and the global economy - a stable outlook is expected thanks to strong capitalisation and improving combined ratios

Photo of doctor using an iPad. MS&AD and Cognetivity logos in top left corner.

Mitsui Sumitomo Aioi Life and Cognetivity partner on AI, brain-assessment technology

April 26 2023

Policyholders will have easy access to cognitive assessment technology, which can help provide early detection of issues such as dementia

Sompo to align domestic and international strategy

April 26 2023

The new approach is a marked shift in direction following large international acquisitions over the last five years

Meritz Group completes incorporation of Meritz Fire & Marine Insurance, becomes third largest financial conglomerate in Korea

April 26 2023

The group made the move to address conflicts of interest, increase flexibility, and improve capital efficiency

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