Editor's choice – (Re)in Asia

Editor’s choice

dual-to-take-on-underwriting-and-management-of-allianz-australias-financial-lines-portfolio

DUAL to take over underwriting and management of Allianz Australia's financial lines

June 4 2024

MGA announces it will take over management of portfolio from 1 Oct, with Allianz remaining the 100% capacity provider.

nur-fatihah-mustafa-appointed-ceo-of-zurich-takaful-malaysia

Nur Fatihah Mustafa promoted to CEO of Zurich Takaful Malaysia in milestone appointment

June 4 2024

Mustafa promotion to head of Zurich's family takaful business makes her the first woman to lead a takaful operator in Malaysia.

australian-government-provides-details-on-new-insurance-affordability-and-natural-hazards-taskforce

Australian Government outlines details of new insurance affordability and natural hazards taskforce

June 4 2024

Announced as part of the 2024-25 budget, the new taskforce will adopt a cross-government approach to reducing impacts of nat cats on the community.

hong-kongs-direct-general-insurance-segment-sees-underwriting-profits-rise-61-8-in-q1-2024

Hong Kong's direct GI underwriting profits up 61.8% in Q1

June 3 2024

HK's direct general insurance segment sees underwriting profits rise to HK$625m (US$80m), but property line sees doubling of gross claims paid.

China's insurance premiums grow steadily in Q1 2024, but claims surge

June 3 2024

Premium increase 5.1% YoY, to 2.2 trillion yuan (US$303.80bn), however claims spike 47.8% to 735.2bn yuan (US$101.49bn), according to NFRA data.

swiss-re-echoes-for-closer-collaboration-between-insurers-and-ev-manufacturers

Swiss Re calls for closer insurer and EV manufacturer collaboration

June 1 2024

Swiss Re echoes calls for closer collaboration between insurers and manufacturers to address emerging risks and underwriting challenges amid continuing growth of global EV market.

Chubb consolidates Korean operations under Lina brand

June 1 2024

Chubb has consolidated its Korean GI, life, and telemarketing subsidiaries Korean under the unified Lina brand.

westpac-initiates-au400m-lawsuit-against-dozens-of-insurers-over-austrac-penalty

Westpac initiates AU$400m lawsuit against dozens of insurers - report

June 1 2024

Westpac reportedly suing 43 insurers, including AXA, Allianz, and Zurich, over interpretation of insurance contracts related to AU$1.3bn 2020 AUSTRAC penalty.

IRDAI overhauls health insurance regulations

May 31 2024

Indian regulator publishes master circular consolidating health insurance regulations, including mandating of faster claim authorisations.

Bowtie celebrates fifth anniversary with top 10 Hong Kong life insurer milestone

May 31 2024

HK's first virtual insurer marks fifth anniversary ranking tenth in new individual paid policies, according to Q4 2023 Insurance Authority data.

Spike in Asia's PE-backed reinsurance transactions may be "tip of the iceberg": Guy Carp

May 31 2024

Private equity-backed life reinsurance deals have surged, but significant potential remains due to underperforming assets and regulatory changes.

High interest rates a "game changer" for life insurance growth, Swiss Re forecasts

May 30 2024

Higher for longer rates predicted to help add US$1.5 trillion in global premiums by 2034, with advanced markets like Australia and Japan leading the surge.

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