GI – (Re)in Asia

GI

india-approves-marine-insurance-for-russian-firms-report

India grants approval to Russian insurers for marine coverage

April 26 2024

India's Directorate General of Shipping approves Russian insurers, helping to facilitate more seamless trade of oil through reduction of reliance on international insurers.

singapore-smes-showing-a-decline-in-cyber-risk-awareness

Cyber risk awareness and protection levels fall among Singapore SMEs in past year

April 26 2024

QBE survey reveals a decline in cyber awareness and protection among Singaporean SMEs, contrasting with Hong Kong's rising vigilance.

HK Insurance Authority finalises RBC rules, extends 'submission transitional period' to three years

April 26 2024

Following conclusion of industry consultation, the Six rules are set to be submitted for review by the Legislative Council in May.

iag-singapore-life-among-new-un-backed-forum-for-insurance-transition-to-net-zero

IAG, Singlife join UN-backed 'Forum for Insurance Transition to Net Zero' as founding members

April 25 2024

FIT launches with 19 founding members plus a team of legal experts to help navigate antitrust and legal concerns that plagued its predecessor.

2024 global elections stir concern among Singaporean business leaders: Beazley

April 25 2024

2024 Geopolitical Risk Snapshot reveals 82% of Singaporean business leaders fear global elections will impact their ability to trade internationally.

Igloo expands Vietnam reach through series of strategic embedded partnerships

April 25 2024

Insurtech partners with Zalopay, Lotte Finance, OPES, and FE Credit in Vietnam as it continues its goal to improve insurance accessibility and affordability across Southeast Asia.

S&P upholds MSIG Singapore's ratings, foresees modest 2024 growth amid market competition

April 25 2024

S&P upholds MSIG's 'A+' rating, anticipating stability in market position and a balanced revenue stream from personal and commercial lines.

Nova and Towngas Lifestyle strengthen insurance broker partnership

April 25 2024

Building on a 2022 agreement, FSE Nova and Towngas Lifestyle pledge further investment for gas safety and property protection across Hong Kong and Mainland China.

Japan's corporate health rates set to hit record high in 2024 - report

April 25 2024

Japan's corporate health insurance societies face a record premium rate and a ¥657.8bn (US$4.25bn) deficit in FY 2024.

government-launches-au60m-strata-resilience-program-to-mitigate-cyclone-damage-in-north-queensland

QLD government launches AU$60m Strata Resilience Program to mitigate cyclone damage

April 25 2024

State and federal governments to fund AU$60m (US$38.9m) initiative to mitigate cyclone damage to North Queensland apartment buildings.

marsh-reports-10-decline-in-pacific-financial-lines-rates-in-first-quarter

Marsh reports 10% rate decline in Pacific financial lines in Q1

April 24 2024

In the first quarter of 2024, commercial insurance rates in the Pacific region fell by 2%, while financial and professional lines declined for the fourth consecutive quarter.

insurance-council-of-australia-reports-progress-on-motor-vehicle-code-improvements

Insurance Council of Australia reports progress on motor vehicle code of conduct improvements

April 24 2024

Code Administration Committee for the Motor Vehicle Insurance and Repair Industry targets mid-2024 for a revised Code draft.

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