Editor's choice – (Re)in Asia

Editor’s choice

Aon names Kevan Johnston as CEO of Australia

March 20 2025

Johnston elevated from position as Head of Global and Corporate for Australia.

motor-vehicle-theft-claims-surge-in-queensland-victoria

Insurance Council of Australia warns that motor thefts are putting upward pressure on premiums

March 20 2025

ICA warns rising vehicle values and repair costs are driving insurance premiums higher, with theft trends adding further pressure.

China's insurance claims payouts climb 21% in 2024

March 20 2025

Claims reach 2.3 trillion yuan (US$322bn) while insurance premiums grow 11%.

Australia’s General Insurance Code of Practice review panel urges stronger action from ICA

March 19 2025

Panel welcomes ICA's Action plan but says that more decisive action can be taken to improve consumer outcomes.

LIC eyes ‘substantial stake’ in health insurer, decision expected by March-end

March 19 2025

Move could reshape the competitive landscape of India's health insurance market.

ifrs-s2-set-to-influence-nat-cat-pricing-and-capacity-for-apac-insurers

IFRS S1 & S2 set to influence nat cat insurance pricing and capacity in APAC

March 19 2025

Enhanced disclosure practices likely to lead to a greater focus on location-level pricing and underwriting.

insured-losses-from-ex-tropical-cyclone-alfred-estimated-at-up-to-a2-5bn

JBA estimates insurance losses from ex-Tropical Cyclone Alfred at between A$1.5bn and A$2.5bn

March 19 2025

The storm displaced thousands, left 330,000 properties without power, and prompted over 20,300 evacuations in northern New South Wales.

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.

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