Editor's choice – (Re)in Asia

Editor’s choice

apra-outlines-plan-to-close-australias-household-insurance-protection-gap

APRA outlines plan to help close Australia’s household insurance protection gap

August 28 2024

In its 2024-2025 corporate plan, the regulator emphasises the need for collaboration to improve affordability and strengthen the insurance industry’s resilience.

General insurers warned that unqualified expert opinions are being used in claims decisions

August 28 2024

Australia's Code Governance Committee report says it reveals "a landscape where external experts provide opinion outside the scope of their expertise, potentially leading to poor claims decisions, disputes...

over-2-million-customer-records-leaked-in-seconded-employee-data-breach-cases-report

Over 2 million customer records leaked in Japan seconded employee data breaches: Report

August 28 2024

Japan's non-life insurers set to report to Financial Services Agency within the week over significant unauthorised sharing of rival data.

Rising sea levels leave nearly 500,000 Australian properties 'uninsurable'

August 28 2024

Study by Aon and Monash University highlights the importance of greater investment in climate models.

Hard reinsurance market to remain for ‘at least’ two more years: AM Best

August 27 2024

AM Best forecasts reinsurance hard market will persist due to climate risk, higher interest rates, and increased risk complexity.

number-of-insurance-affordability-stressed-households-in-australia-rose-30-in-last-year-actuaries-institute

Number of insurance affordability-stressed households rises 30%: Australia's Actuaries Institute

August 27 2024

New report warns that the issue of affordability is bigger than insurance and could be a problem for lenders, regulators, and governments.

taishin-and-shin-kong-announce-merger-amid-ctbc-takeover-bid

Takeover battle for Shin Kong Financial intensifies with CTBC’s new bid

August 26 2024

CTBC makes new offer to acquire a majority stake in Shin Kong, with a premium above rival Taishin's offer.

Indonesian government to disband PT Asuransi Jiwasraya following years of trouble

August 26 2024

Indonesia’s Ministry of State-Owned Enterprises will transfer policies worth IDR38 trillion (US$2.4 billion) in the “biggest restructuring ever in the history of Indonesia's insurance industry.”

BHSI elevates Kiran Prakash and Jessie Yuen to key leadership roles for Asia

August 26 2024

Prakash is the Head of First Party Lines for Asia and Yuen is the region's new Head of Energy.

korean-insurers-reviewing-ev-policies-and-premiums-amid-fire-incidents

Korean insurers reviewing EV policies and premiums: Report

August 26 2024

Korean insurers likely to raise rates, amid general EV growth and recent high-profile incidents.

zurich-life-hk-names-peter-yuan-as-acting-ceo-with-au-set-to-depart

Zurich Life HK names Peter Yuan as Acting CEO with Geoffrey Au set to depart

August 26 2024

Yuan to take on role with current Life CEO Geoffrey Au set depart the company on 24 October.

acil-calls-for-equitable-contributions-in-aprcs-cyclone-reinsurance-pool

Consumer watchdog calls for ‘equitable contributions’ in Australia's Cyclone Reinsurance Pool

August 23 2024

ACIL has asked the Joint Select Committee to ensure residents of Northern Australia are considered during the review of the ARPC's premium rates.

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