GI: Commercial

Domestic underwriting challenges to persist for Japanese major non-life insurers in FYE25: Fitch

June 21 2024

Domestic motor and property lines expected to face difficulties, but strong overseas performance and sales of cross-held shares will provide financial stability.

AM Best affirms Ansvar's ratings as key excess-of-loss and stop-loss programmes renewed

June 21 2024

AM Best affirmed A- IFS rating noting continued reinsurance support from owner EIO following years of PSA claims.

GIAJ reports US$350m in claims paid for Hyogo hail-fall

June 20 2024

As of 31 May, over 119,000 claims have been paid following the hail-fall.

Lockton Singapore appoints Lena Tsia as Chief Operating Officer

June 20 2024

Tsia to drive best practice across Lockton Singapore's business.

medibank-being-sued-by-privacy-watchdog-over-2022-data-breach

Regulator blames Medibank cyberattack on lack of multi-factor authentication

June 20 2024

In a court filing, the OAIC alleges that the health insurer's lack of MFA enabled hacker to exfiltrate 520 gigabytes of data.

japanese-insurers-finding-balance-between-esg-investor-pressure-and-policyholder-interests-fitch

Japanese insurers balancing ESG pressures: Fitch

June 20 2024

ESG efforts catching up with overseas peers, but scrutiny remains because of country's renewable energy dilemma.

zurich-malaysia-partners-with-gentari-to-support-growth-of-ev-infrastructure

Zurich Malaysia partners with Gentari to support EV growth

June 20 2024

Zurich teams up with clean energy solutions provider to expand EV charging infrastructure and offer value-added services for EV users.

ZA Tech rebrands as Peak3 following completion of US$35m Series A round

June 20 2024

Funding will support Singapore-headquartered insurtech's expansion, as well as investments in data and AI.

QBE to exit North American mid-market segment

June 19 2024

Insurer to exit segment following several years of performance challenges.

NFRA chief urges China's insurance industry to innovate and expand

June 19 2024

Speaking at the 15th Lujiazui Forum, Li Yunze emphasised the key role insurance will play in China's modernisation efforts.

Marsh launches Centre for Climate Adaptation and Resilience Excellence in Singapore

June 19 2024

New centre will offer data, expertise, and insurance to help businesses adapt to climate change.

globaldata-forecasts-9-5-annual-growth-for-philippines-gi-market-through-2028

Philippines' GI market to grow 9.5% annually through 2028, forecasts GlobalData

June 19 2024

Construction activity, rising vehicle sales, and increasing nat cat losses among key growth drivers.

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