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Sunday, September 20, 2026
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Canopius to launch digital asset custody product on Lloyd's Asia platform
May 23 2023
The launch is an expansion of the (re)insurers Syndicate 4444 product and the first digital asset custody cover under Lloyd's Asia.
AMP penalised AU$24 million for charging deceased customers
May 19 2023
Two AMP companies received over AU$1,000,000 from 2,000 deceased customers, despite having been informed of the customers' deaths.
MLC hit with AU$10 million penalty - ASIC promises to take similar action against insurers who don't act in good faith
May 19 2023
Australia's Federal Court found MLC contravened the ASIC Act, the Corporations Act, and the Insurance Contracts Act.
China's motor insurance market heats up as EV manufacturers enter the fray
May 18 2023
Earlier in May, BYD received regulatory approval to purchase Yi’an P&C. Now XPENG has announced that its partnered with eight Chinese insurers.
Contrasting outlook for private and public insurers as Indian industry GDPI looks set to reach US$36.5 billion in two years: ICRA
May 18 2023
The analytics firm sees healthy growth driven by private insurers, while three PSU's are likely to need significant government support.
Singapore's Bolttech valued at US$1.6 billion after US$196m Series B round
May 17 2023
The mega-round, led by Tokio Marine, bucks the trend of decreased insurtech funding.
Modular, API-driven travel insurance platform, battleface, lands in Australia
May 17 2023
The company has a presence in 185 countries worldwide and is launching in Australia in partnership with MGA Mustard Underwriting.
Howden to harmonise under unified management structure
May 17 2023
APAC will be chaired by Mark Wood as Howden begins its next phase of growth.
2022 saw 16% reduction in Hong Kong insurance complaints
May 16 2023
Complaints concerning 'conduct' saw 32% decline while 'representation of information' rose to the top as the most common complaint.
Singapore's Life industry sees 13.6% decrease in new business premiums
May 15 2023
Single premium products have fallen significantly out of favor, though annual premiums are on the rise.
Ping An paid out 600,000 claims per day in 2022
May 15 2023
The total amounts to 200 million cases over the course of the year, not to mention 280 billion yuan (US$40.28bn) in payouts.
ASIC launches legal action against HCF Life over alleged unfair and misleading terms
May 12 2023
The expansion of unfair contract term protections was part of a recommendation by Australia's 2017 Financial Services Royal Commission.
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