GI: Personal

GIAJ reports US$350m in claims paid for Hyogo hail-fall

June 20 2024

As of 31 May, over 119,000 claims have been paid following the hail-fall.

Lockton Singapore appoints Lena Tsia as Chief Operating Officer

June 20 2024

Tsia to drive best practice across Lockton Singapore's business.

medibank-being-sued-by-privacy-watchdog-over-2022-data-breach

Regulator blames Medibank cyberattack on lack of multi-factor authentication

June 20 2024

In a court filing, the OAIC alleges that the health insurer's lack of MFA enabled hacker to exfiltrate 520 gigabytes of data.

japanese-insurers-finding-balance-between-esg-investor-pressure-and-policyholder-interests-fitch

Japanese insurers balancing ESG pressures: Fitch

June 20 2024

ESG efforts catching up with overseas peers, but scrutiny remains because of country's renewable energy dilemma.

zurich-malaysia-partners-with-gentari-to-support-growth-of-ev-infrastructure

Zurich Malaysia partners with Gentari to support EV growth

June 20 2024

Zurich teams up with clean energy solutions provider to expand EV charging infrastructure and offer value-added services for EV users.

ZA Tech rebrands as Peak3 following completion of US$35m Series A round

June 20 2024

Funding will support Singapore-headquartered insurtech's expansion, as well as investments in data and AI.

NFRA chief urges China's insurance industry to innovate and expand

June 19 2024

Speaking at the 15th Lujiazui Forum, Li Yunze emphasised the key role insurance will play in China's modernisation efforts.

globaldata-forecasts-9-5-annual-growth-for-philippines-gi-market-through-2028

Philippines' GI market to grow 9.5% annually through 2028, forecasts GlobalData

June 19 2024

Construction activity, rising vehicle sales, and increasing nat cat losses among key growth drivers.

zurich-completes-majority-stake-acquisition-of-kotak-general-insurance

Zurich completes 70% stake acquisition of Kotak General Insurance for US$670m

June 19 2024

"India's insurance market offers immense potential, and together with Kotak, we are committed to supporting its growth and development," says Zurich APAC CEO Tulsi Naidu.

QBE promotes Jeremy Lau to Chief Underwriting Officer for Asia

June 19 2024

Lau has been with QBE Asia since 2016 and has been serving as Chief Actuary.

Japan's major non-life insurers report profit surge for FY2024

June 19 2024

Profits double, while net premiums rise, driven by strong overseas performance and yen depreciation.

NSW budget allocates AU$5.7bn for flood recovery and resilience

June 18 2024

Budget includes AU$5.7bn (US$3.77bn) for flood recovery, housing, and infrastructure projects over the next four years.

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