The review of insurers' response to the 2022 floods, commissioned by ICA and conducted by Deloitte, has yielded a report with recommendations to improve disaster readiness and handling across seven key...
The NSW Minns Government has ceased further development in flood-prone areas of Sydney's north-west, a move seen as a strong measure to help protect families and businesses from future flood events.
Japanese insurer Mitsui Sumitomo is preparing to launch an artificial intelligence-powered camera service for home security, potentially bundled with insurance solutions.
Ratings affirmed for MSFC, who have a five-year average combined ratio of 55.6% and strong support from its ultimate parent company MS&AD Insurance Group Holdings.
The IRDAI is enforcing the removal of the arbitration clause for General Insurance retail lines, while prescribing the specific clause to be used for GI commercial lines.
Formerly FPG Insurance, the P&C insurer is expanding its presence in the commercial lines segment and will benefit from the expertise of Starr Group — who became a majority owner in December 2022.
APAC reinsurers seeing rising premium rates, adequate capital buffers, and improved investment returns — but still face risks, including costlier retrocession and heightened market volatility.
