GI: Personal

Verisk announces launch of Next Generation Models for nat cat risk

April 10 2024

Verisk launches over 100 Next Generation Models, including models for the APAC region, to enhance risk assessment and insured loss accuracy for the (re)insurance industry.

Honey Insurance secures AU$108m in Series A funding

April 9 2024

Insurtech's AU$108m (US$71.3m) raise, led by Gallatin Point Capital, is Australia's third-largest Series A round for a tech company.

Surer, Fusion, and Anapi launch first PI product for Singapore's General Insurance Agents

April 9 2024

Fusion Specialty takes on underwriting for AgentGuard Pro, with Surer and Anapi contributing technology and brokerage expertise.

Taiwan's FSC greenlights specialised EV clauses from 1 July

April 9 2024

Taiwan's electric vehicles to fall under new rules, which exclude battery damage as standard but allow coverage under additional riders.

Hong Kong's CMB Wing Lung Insurance has ratings affirmed amid strategic shifts

April 9 2024

AM Best affirms 'Excellent' ratings, following 2022 insurance portfolio acquisition and 2023 capital injection.

Scott Reichelt rejoins Crawford as President for Asia

April 9 2024

Reichelt returns to the business he served for a decade between 2010 and 2020.

floods-continue-to-reign-as-asias-top-nat-cat-peril

Floods continue to reign as Asia Pac's top nat cat peril

April 9 2024

Floods were again Asia Pacific's costliest natural catastrophe in 2023, as global protection gap continues to widen.

tech-and-product-innovation-fuels-private-insurers-rise-in-indian-motor-segment-globaldata

Tech and product innovation fueling private insurers' rise in Indian motor segment

April 8 2024

India's motor insurance landscape seeing dynamic shift, says GlobalData.

HK IA imposes three-year ban on agent for misappropriation of premiums

April 8 2024

Insurance Authority imposes three year ban on former agent for misappropriating premiums from a policyholder he had known since secondary school.

Taiwan's property insurers poised to maintain stability despite early industry loss estimates up to US$8bn

April 8 2024

Early loss estimates vary from hundreds of millions up to US$8bn, but industry should be well positioned to absorb impact.

Sydney hit with severe flooding as torrential rains prompt evacuations and rescues

April 7 2024

Torrential downpours in NSW lead to overflowing dams, hundreds evacuated, and government announcement of a disaster recovery package.

samsung-fire-amp-marine-exits-bancassurance-business

Samsung Fire & Marine exits bancassurance business

April 6 2024

Insurer ends 21-year bancassurance operations amid sales decline, rising interest rates, and regulatory changes.

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