Malaysia’s Progressive Insurance hires Wong Ming Yi as appointed actuary
She joins PIB with nearly 20 years of actuarial experience, including 15 years in the insurance sector.
HDI Global hires senior property, marine and distribution talent in Hong Kong
The German insurer has tapped senior talent from AIG, Allianz and Vivace Insurance Partners to support its North Asia expansion strategy.
AM Best assigns A- rating to Niva Bupa as underwriting results improve
Improvement in underwriting performance attributed to a lower expense ratio and operational scale expansion, though the agency noted earnings remain reliant on investment returns to offset losses
Aditi Chaturvedi joins Niyam Group as actuarial director
Former Accenture executive Chaturvedi joins Niyam’s build-out.
India GI premium growth accelerates to 9% in FY2025-26
GI Council data shows premium growth accelerated from 6.2% a year earlier, though the combined ratio climbed to 117.83%.
Asia’s space growth outpaces local capacity as insurers rebuild after heavy losses
Asia’s commercial space sector is expanding faster than local insurance capacity, leaving operators reliant on overseas reinsurers as orbital congestion emerges as a new underwriting risk.
Allianz Commercial appoints Steve Williams as head of liability underwriting in Australia
Williams steps into the role after being appointed acting head last October.
Labuan Re taps Chan Swee Chee to lead underwriting
A 28-year industry veteran, he brings extensive expertise in treaty and facultative reinsurance across Asia and the Middle East.
South Korea to require insurers to disclose actuarial assumption reports under IFRS 17
The authorities are also expanding oversight of insurers’ sales outsourcing to general agencies and interest-rate risk management.
Cyber insurers can improve claims prediction with digital footprint insights, study finds
The study, based on more than 63,000 insureds, found that traditional underwriting metrics do not fully capture the complexity of an organisation’s digital footprint.
South Korea’s FSS urges insurers to shift executive KPIs beyond short-term profit
The regulator found gaps in how insurers account for future losses and consumer protection, with further industry discussions scheduled in the fourth quarter.
Cowden Insurance Brokers names Barry Drinkwater general manager for Western Australia
He brings 15 years of industry experience to the broking business, joining from 360 Underwriting Solutions.