Editor's choice – (Re)in Asia

Editor’s choice

south-korean-financial-sector-faces-up-to-us31-49bn-in-climate-related-losses

Climate risks could cost South Korean banks and insurers up to US$31bn: Bank of Korea

March 18 2025

Stress test indicates up to KRW45.7 trillion in combined losses by century's end without climate change policies.

manulife-appoints-steve-finch-as-asia-ceo-phil-witherington-as-president-and-ceo

Manulife names Steve Finch as Asia CEO, Phil Witherington as President and CEO

March 18 2025

Both appointments are effective from 9 May.

allianz-to-exit-indian-joint-ventures-with-us2-4bn-sale-to-bajaj-group

Allianz to exit Indian joint ventures with US$2.84bn sale to Bajaj Group

March 18 2025

Allianz has signed binding agreements to sell 26% stakes in Bajaj Allianz General and Bajaj Allianz Life.

ica-releases-industry-action-plan-addressing-flood-inquiry-code-review

ICA releases insurance industry action plan addressing flood inquiry, code review

March 18 2025

Plan focuses on improving customer outcomes, supporting vulnerable policyholders, updating policies to prevent financial abuse, and enhancing claims handling.

ica-opens-eoi-process-to-support-post-tc-alfred-recovery-efforts

Claims data suggests Cyclone Alfred 'not as significant as first feared': ICA

March 17 2025

Number of claims has reached over 63,000 as of Monday.

singapore-ranks-fourth-globally-in-cyber-resilience-fm

Singapore ranks fourth globally for cyber in resilience index

March 17 2025

FM's risk assessment of 130 countries also shows Singapore ranks third for climate risk quality.

Cyclone Alfred claims exceed 50k; ICA opens up EOI to support recovery efforts

March 14 2025

ICA is working with authorities to expedite interstate and trans-Tasman worker qualifications to help in recovery efforts.

ica-reports-over-1400-claims-for-north-queensland-floods

Insurance losses hit A$164m for North Queensland floods

March 14 2025

Insurance Council of Australia reports that 7,600 claims have now been lodged.

msig-asia-expands-political-risk-and-trade-credit-offerings-in-asia

MSIG Asia strengthens political risk and trade credit offerings in Asia

March 14 2025

The insurer's US, Singapore, and Hong Kong offices will collaborate to meet growing demand amid rising global trade and investment risks.

china-focuses-on-parametric-in-agricultural-risk-as-premiums-breach-150-billion-yuan

China pushes for more parametric agricultural solutions, as premiums breach 150 billion yuan

March 14 2025

National People's Congress calls for diversification of agricultural insurance types and enhanced data infrastructure.

south-korea-to-introduce-mandatory-core-capital-ratio-for-insurers-report

South Korea to mandate core capital ratio for insurers: Report

March 14 2025

New thresholds for core capital and solvency ratios are expected to be confirmed by mid-year.

indian-retail-broking-market-heating-up-with-new-players-and-digitalisation

Valueattics Re receives IRDAI approval to become India's first private reinsurer

March 13 2025

Fairfax-backed reinsurer is set to enter the market with a 2.1bn rupees (US$21.43m) capital base.

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