The Monetary Authority of Singapore (MAS) has designated AIA, Prudential Assurance, Income Insurance, and Great Eastern as domestically systemically important insurers (D-SIIs), subjecting them to higher...
The parties will cooperate to develop and expand insurance products in The Pacific, with the intention of replicating the model in other vulnerable areas, including Asia and parts of Africa.
A surge in disaster-related claims alongside rising inflation across Australia has driven insurance premiums higher; the ICA is urging the government to implement measures to reduce risk and maintain affordability....
Prolonged El Niño weather cycle likely to lead to decreased insurance losses in Australia, but weather cycle brings a host of economic concerns including fire damage, fluctuating crop yields, water shortages,...
ACIL's findings suggest Australia's Reinsurance Pool is not delivering as expected with respect to consumer savings and fostering market competition; recommendations include greater transparency from...
Singapore's top ten largest reinsurers saw underwriting profits more than double in 2022 as they tightened underwriting terms and lowered losses, amid economic and catastrophe-induced volatility.
Evergrande Life Insurance's business, assets, and liabilities are transferred to new, state-owned entity, Haigang Life Insurance, in a move widely seen as being part of liquidation efforts.
Despite the increasing frequency of extreme weather events, insurance coverage for Nat Cats remains low at around 10% of economic losses, posing challenges for insurers and highlighting the need for proactive...
Despite a spike in nat cat losses and financial market volatility, APAC reinsurers saw a 8.1% increase in new written P&C premiums in 2022 and are expected to have further growth.
