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ICA calls for A$30bn flood defence fund to curb insurance risks
February 26 2025
Council warns that escalating flood risks are driving up claims costs and making insurance increasingly unaffordable.
IFRS 17 still driving Asian insurers to alter product mix: Fitch
February 26 2025
Ratings agency expects region’s insurers to continue narrowing the ALM mismatch on their books due to the accounting standard.
Niva Bupa investigating potential data breach
February 24 2025
If confirmed, the breach would mark another significant cybersecurity incident in India’s insurance sector.
Indian insurers weigh 10%-15% health premium hike amid rising pollution-linked claims: Report
February 24 2025
Proposal is reported to be under review and pending approval from IRDAI.
IRDAI mandates implementation of Unified Payments Interface system for premium processing
February 21 2025
Indian regulator has instruction all insurers to implement Bima-ASBA, a UPI-enabled system, by 1 March.
IRDAI establishes committee to review insurance act amendments: Report
February 20 2025
Former State Bank of India (SBI) Chairman Dinesh Khara to lead panel, which contains industry and regulatory experts.
Philippines to finalise EV insurance guide rates by midyear: Report
February 19 2025
Philippine Insurers and Reinsurers Association is working with interntional markets to produce the guide rates.
Dai-ichi Life’s stability backed by 46% surge in parent’s capital
February 19 2025
AM Best affirmed Dai-ichi Life’s ratings, citing strong capitalisation and stable performance.
Ten Chinese non-life insurers suspend online sales: Report
February 18 2025
Insurers pause sales due to non-compliance of solvency and risk management standards.
India: Bima Vistaar set for rollout as IRDAI advances ‘Bima Trinity’
February 18 2025
The regulator is enhancing technology infrastructure while Bima Sugam and Bima Vahak are progressing toward launch.
Hong Kong-based Jerome Barneche appointed Global CRO for Chubb Life
February 17 2025
He joins the business after over a decade with Prudential.
Australia's opposition leader threatens break up of insurers
February 17 2025
Peter Dutton suggests government could intervene to "make sure that consumers get a fair go."
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