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Sunday, September 13, 2026
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GI: Commercial
Korean regulator unearths broker-led insurance fraud ring
May 30 2024
Korean regulator and police uncover a 2.1bn won (US$1.5m) fraud operation involving brokers, hospitals, and fake patients.
Union's ratings affirmed amid growth driven by commercial and non-motor personal lines
May 29 2024
AM Best affirms ratings as Taiwanese insurer moves forward from pandemic-related losses.
Australian Consumers Insurance Lobby calls for reforms to GI Code of Conduct
May 29 2024
ACIL proposes 52 recommendations to Code of Conduct, aiming to close loopholes and improve consumer protections in light of increasing disputes.
IAG hit with class action for alleged loyalty discount deception
May 29 2024
Insurer to defend against Slater and Gordon class action over alleged misleading loyalty discounts on home and contents policies by IAG subsidiaries.
AXA XL appoints Julie Morgan as Head of Claims, Australia
May 29 2024
Morgan succeeds Julijana Sumner, who was promoted to Chief Claims Officer for APAC & Europe in late 2023.
AM Best upgrades Philippines non-life Outlook, but reinsurance risks persist
May 29 2024
'Stable' outlook driven by economic improvements and regulatory advancements, but concerns about higher risk retention and lack of agricultural reinsurance remain.
Cyclone Remal devastates coastal regions of Bangladesh and India
May 28 2024
Cyclone Remal leaves at least 26 dead with significant property damage and power outages affecting millions.
Indian insurtech CoverSure raises US$4m in Pre-Series A round
May 28 2024
Funds to be used to further develop platform, with insurtech eyeing data-driven approach before approach to potential expansion within India.
India faces growing backlog of 1m motor insurance claims valued at nearly US$10bn
May 28 2024
RTI query uncovers over 1 million pending motor accident claims worth 805bn rupees (US$9.68bn).
Australia’s Insurance Council calls for EV insurers to partner with fire agencies for better data
May 28 2024
Insurers urged to collaborate with fire agencies and governments to tackle EV battery fire risks and improve insurance models.
NTU and GAIP launch 2024 Insurance Case Competition, focusing on AI
May 27 2024
Students in Singapore and ASEAN to explore challenges faced by insurers and propose AI-driven solutions.
GIAJ reports US$214m in insurance payouts for Hyogo April hail event
May 27 2024
Association reports swift response from industry with an estimated 99.7% of 92,424 claims already settled.
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