GI: Personal

irdai-sets-all-in-one-insurance-product-premium-at-1520-rupees-us18-including-parametric-property-claims

IRDAI sets premium for 'All-in-one' insurance product at 1,520 rupees (US$18)

April 27 2024

India's 'Bima Vistaar' product includes insurance coverage for life, health, personal accident, and property, and a parametric claims process for property.

Hong Kong and Shanghai pledge to strengthen insurance co-operation

April 27 2024

Representatives from both cities look to strengthen financial market ties, with Belt and Road risk management, captive insurance, and ILS identified as key areas within insurance.

china-sets-2030-goals-for-green-insurance-development

China sets new 2030 goals for green insurance development

April 26 2024

New guiding opinions outlines roadmap for the insurance industry to support China's environmental and carbon neutrality goals.

am-best-maintains-tower-limiteds-credit-ratings-at-a-with-stable-outlook

Tower's ratings affirmed with post-2023 recovery anticipated

April 26 2024

2023 twin nat cats led to 103.2% COR, but AM Best expects a return to positive results in the medium term.

Taiwan's Shinkong Insurance gets credit rating outlook bump

April 26 2024

AM Best upgrades ICR to positive, thanks to consistent, profitable operating performance amid COVID-19 and capital markets volatility.

HK Insurance Authority finalises RBC rules, extends 'submission transitional period' to three years

April 26 2024

Following conclusion of industry consultation, the Six rules are set to be submitted for review by the Legislative Council in May.

iag-singapore-life-among-new-un-backed-forum-for-insurance-transition-to-net-zero

IAG, Singlife join UN-backed 'Forum for Insurance Transition to Net Zero' as founding members

April 25 2024

FIT launches with 19 founding members plus a team of legal experts to help navigate antitrust and legal concerns that plagued its predecessor.

Igloo expands Vietnam reach through series of strategic embedded partnerships

April 25 2024

Insurtech partners with Zalopay, Lotte Finance, OPES, and FE Credit in Vietnam as it continues its goal to improve insurance accessibility and affordability across Southeast Asia.

S&P upholds MSIG Singapore's ratings, foresees modest 2024 growth amid market competition

April 25 2024

S&P upholds MSIG's 'A+' rating, anticipating stability in market position and a balanced revenue stream from personal and commercial lines.

Nova and Towngas Lifestyle strengthen insurance broker partnership

April 25 2024

Building on a 2022 agreement, FSE Nova and Towngas Lifestyle pledge further investment for gas safety and property protection across Hong Kong and Mainland China.

government-launches-au60m-strata-resilience-program-to-mitigate-cyclone-damage-in-north-queensland

QLD government launches AU$60m Strata Resilience Program to mitigate cyclone damage

April 25 2024

State and federal governments to fund AU$60m (US$38.9m) initiative to mitigate cyclone damage to North Queensland apartment buildings.

marsh-reports-10-decline-in-pacific-financial-lines-rates-in-first-quarter

Marsh reports 10% rate decline in Pacific financial lines in Q1

April 24 2024

In the first quarter of 2024, commercial insurance rates in the Pacific region fell by 2%, while financial and professional lines declined for the fourth consecutive quarter.

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