GI: Personal

ASIC warns General Insurers to continue claims handling improvement

March 6 2024

Aussie regulator acknowledges steps taken by the industry, but notes that complaints are still increasing.

malaysias-takaful-sector-shows-resilience-amid-economic-challenges-fitch

Malaysia's Takaful sector showing resilience amid economic challenges: Fitch

March 5 2024

Fitch predicts sustained expansion for Malaysia's takaful industry, despite economic headwinds and a dip in family contributions.

Australian MGA Mustard Underwriting partners with Sovereign on personal lines products

March 5 2024

The collaboration will introduce home and contents, landlord, and motor products, with plans for further expansion.

as-ev-adoption-surges-apac-insurers-face-a-complex-drive-ahead

Nuanced underwriting and rapid adaption key to meeting surge in EV demand

March 5 2024

New risks, abundance of data, lack of service technicians, and telematics are pushing industry to adopt new underwriting approaches.

hong-kong-insurance-authority-enforces-prohibition-orders-on-three-agents-for-unfit-conduct

Hong Kong Insurance Authority enforces prohibition orders on three agents for misconduct

March 4 2024

IA imposes bans due to submission of false academic certificates and impersonation to access account information.

ICA: Australian summer extreme weather insurance losses hit AU$1.2bn

March 4 2024

100,000 claims from Christmas and New Year Storms and Cyclone Jasper push summer nat cat tally to AU$1.2bn (US$782bn).

Property and motor to drive New Zealand GI growth

March 4 2024

GlobalData forecasts sector to grow by 7.3% CAGR to NZ$12.9bn (US$7.87bn) in 2028, but profitability to remain volatile due to nat cats and reinsurance rates.

Australia: Pacific International's ratings affirmed with pet and travel expected to fuel underwriting growth

March 4 2024

Despite a five-year average ROE of -0.2%, the insurer has demonstrated an upward financial trend with positive earnings recorded in FY 2022 and 2023.

am-best-assigns-national-scale-rating-to-icici-lombard-while-affirming-existing-ratings

AM Best affirms ICICI Lombard's ratings, assigns National Scale Rating

March 1 2024

AM Best assigns 'exceptional' National Scale Rating, while spotlighting general insurer's technology and analytics strategy to sustain market position.

hong-kong-launches-insurance-industry-climate-charter

Insurance Industry Climate Charter launched in Hong Kong

March 1 2024

The Hong Kong Federation of Insurers unveils Climate Charter tailored to the local industry and backed by 33 (re)insurers.

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