Property

climate-change-drives-urgent-need-for-more-granular-data

Lack of nuanced, local climate data to intensify underwriting challenges for APAC insurers

June 26 2024

The need for more granular data has become more pressing as climate risks escalate.

Arch Insurance Australia appoints Amanda Seng as Southern Region Property Underwriting Manager

June 25 2024

Seng brings 20 years of experience to her new role.

Deadly explosion at South Korean lithium battery factory

June 24 2024

Fire started after a series of battery cells exploded, leading to the death of 22 workers.

arpc-undergoing-premium-rates-review-for-cyclone-reinsurance-pool

ARPC undertaking premium rates review for Australia's Cyclone Reinsurance Pool

June 21 2024

Potential changes including strata mitigation discounts and updated multi-storey algorithm.

Domestic underwriting challenges to persist for Japanese major non-life insurers in FYE25: Fitch

June 21 2024

Domestic motor and property lines expected to face difficulties, but strong overseas performance and sales of cross-held shares will provide financial stability.

globaldata-forecasts-9-5-annual-growth-for-philippines-gi-market-through-2028

Philippines' GI market to grow 9.5% annually through 2028, forecasts GlobalData

June 19 2024

Construction activity, rising vehicle sales, and increasing nat cat losses among key growth drivers.

Construction boom and government projects to boost Thailand's property insurance segment

June 17 2024

GlobalData projects 4.5% annual growth for Thailand's GI market between 2024 to 2028.

german-supermarket-giant-aldi-launches-insurance-line-in-australia-using-honeys-white-label-platform

Supermarket giant ALDI partners with Honey to launch Australian insurance offering

June 5 2024

ALDI Insurance provides home, contents, motor, and landlord insurance, powered by Honey's technology and white label platform and underwritten by RACQ.

new-ica-figures-underline-importance-of-emergency-services-levy-reform

New ICA data underlines importance of Emergency Services Levy reform for NSW insureds

June 3 2024

ICA data shows ESL adds between AU$305 and AU$1,200 annually for property policies, reinforcing importance of Government's ongoing reform efforts.

a-billion-dollar-slice-how-honey-is-using-tech-to-grab-a-larger-share-of-australias-home-insurance-pie

Honey leverages tech and data to fuel billion dollar ambition

May 31 2024

Innovative use of smart sensors, data, and tech has already resulted in rapid growth and CEO Joffe says insurtech is doubling down on technology-first approach in pursuit of AU$1bn (US$664m) in home insurance...

GIAJ reports US$214m in insurance payouts for Hyogo April hail event

May 27 2024

Association reports swift response from industry with an estimated 99.7% of 92,424 claims already settled.

guy-carpenter-releases-predictions-for-western-north-pacific-cyclone-activity-in-2024

Guy Carpenter publishes predictions for Western North Pacific cyclone activity in 2024

May 25 2024

Cyclone formations forecast to be near-normal this year, while landfalls expected to be between near-normal and above-normal across the region.

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