GI: Personal

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.

insurance-council-of-australia-reports-progress-on-motor-vehicle-code-improvements

Insurance Council of Australia reports progress on motor vehicle code of conduct improvements

April 24 2024

Code Administration Committee for the Motor Vehicle Insurance and Repair Industry targets mid-2024 for a revised Code draft.

Taiwan records hundreds of Hualien earthquake aftershocks on Monday and Tuesday

April 24 2024

6.1 magnitude and 6.0 magnitude earthquakes in Hualien County recorded late Monday and early Tuesday.

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