GI: Personal

Hong Kong insurance complaints fall 10% in first nine months of 2023

December 21 2023

Insurance Authority data shows a 10% decrease in overall complaints for the first nine months of 2023, though there was a slight increase in conduct-related cases.

loss-in-chinas-gansu-earthquake-estimated-at-1-7m-nafr

China’s Gansu earthquake losses estimated at $1.7m so far: NFRA

December 20 2023

131 dead, 155 thousand homes damaged or destroyed in China's deadliest earthquake in nine years.

sp-insurers-well-placed-to-meet-cyclone-jasper-and-ongoing-queensland-floods-claims

S&P: Insurers well placed to meet Cyclone Jasper and Queensland floods claims

December 20 2023

Claims low due to regional demographics, but coverage by reinsurance pool likely to be limited due to time limitations.

IAIC releases China's first ESG disclosure guidelines for insurers

December 20 2023

Insurance Association of China introduces guidelines to improve transparency in line with country's broader ESG goals.

am-best-maintains-stable-outlook-for-malaysias-non-life-market-amid-ongoing-economic-recovery

Stable outlook for Malaysia’s non-life market amid increased motor and property competition

December 19 2023

AM Best maintains stable outlook with improving economic conditions and low insurance penetration balancing nat cat and hard market conditions.

Mitsui Sumitomo Insurance developing space tourism coverage: report

December 19 2023

Japanese insurer working with partners to target growing suborbital flights industry.

Munich Re: multi-year view needed on Nat Cat profitability

December 19 2023

Firm's CFO told analysts that while a single event could wipe out a year’s profits the sector was stable over the longer term.

Adeline Lee promoted to Head of Claims at Berkley Insurance Asia

December 19 2023

Lee has been with the business since its inception in July 2016 and is promoted from her role as Head of Claims for South Asia.

Insurance Council of Australia declares Tropical Cyclone Jasper a 'significant event'

December 18 2023

Classification will trigger emergency assessments and support for affected regions from Innisfail to Hope Vale.

IAG's ratings upgraded after S&P applies new risk-based capital criteria

December 18 2023

Ratings upgraded with stable outlook after S&P assesses IAG's entities to have stronger capital adequacy under new criteria.

thailands-smk-ordered-by-regulator-to-stop-taking-on-new-applicants

Thailand regulator orders SMK to stop taking new policyholders

December 18 2023

The non-life insurer had applied for bankruptcy protection in May 2022 following significant COVID-19 losses.

Hong Kong: Swiss Re set to acquire EC policies from liquidated Target Insurance

December 15 2023

Insurance Authority announces transfer of 27 employees' compensation and four contract-all-risk policies, pending final approval.

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