GI: Commercial

AM Best withdraws Hollard Australia's ratings at insurer's request

March 22 2024

Hollard has 'Excellent' ratings affirmed before withdrawal, with AM Best spotlighting likely moderation in premium growth after a decade of significant expansion.

riding-a-wave-of-growth-china-and-india-take-steps-to-expand-marine-insurance-market

Riding waves of growth, China and India take steps to expand marine insurance capacity

March 22 2024

Countries look to develop domestic markets in response to maritime growth and global challenges.

aerial-and-satellite-images-employed-to-fast-track-noto-peninsula-quake-claims

Noto earthquake claims rise to 115k, with 59% paid: GIAJ

March 22 2024

Latest numbers show accepted claims have increased from 67k at end Jan, though good progress has been made with 83% of investigations now completed.

Ping An reports 23% profit decline in 2023

March 22 2024

Life & health business sees 3.2% reduction in operating profits, despite surge in NBV, while P&C operating profits decline 11.4%.

insurance-agent-banned-for-15-months-over-for-falsifying-documents

Hong Kong Insurance agent banned for 15 months for falsifying documents

March 21 2024

Document and signature falsification results in a rescinded policy, leaving client without coverage after the life insured's death.

malaysias-insurance-and-takaful-funds-see-2h-2023-profit-dip-amid-rising-claims-in-2h-2023

Malaysia's insurance and takaful sector see H2 2023 profit dip amid rising claims

March 21 2024

BNM report shows surge in medical claims hit profits in 2H, but growth in new business premiums, GI, and investment income.

nrma-and-suncorp-provide-premium-cuts-through-bushfire-resilience-app

NRMA and Suncorp provide premium discounts through Bushfire Resilience App

March 21 2024

Aussie insurers team up with Resilient Building Council to reward households with reduced premiums for improving bushfire resilience.

china-united-property-insurance-placed-on-rating-watch-negative-amid-parent-company-woes

China United Property placed on Rating Watch Negative amid parent company woes

March 21 2024

Change reflects Fitch's concerns over deteriorating credit profile of parent company and its ability to support CUPI in times of stress.

Internal emails reveal turmoil in Greensill case - report

March 21 2024

Court documents obtained by Australian Financial Review reveals insights into alleged breaches and regulatory concerns.

JAVLN survey identifies insurance affordability as top challenge for Australian brokers in 2024

March 21 2024

70% of brokers also report spending over three hours a day on admin.

Tokio Marine earmarks $10bn for global acquisitions - report

March 21 2024

Japanese insurance giant patiently eyeing potential opportunities, including in APAC while also looking to grow commercial lines.

Health & Safety surpasses Cyber as key concern for APAC Directors: D&O survey

March 21 2024

Top insurance priorities are multi-jurisdictional claims in Asia and settlement of claims in Australasia, according to WTW and Clyde & Co report.

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