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acil-warns-it-will-push-for-government-appointed-assessors-over-poor-claims-handling

ACIL urges insurers to fix cash settlement processes or face government-appointed assessors

June 9 2025

Homeowners often receive unclear and inadequate cash settlements that fail to cover the full cost of repairs, says consumer watchdog.

report-indias-transport-ministry-considering-tp-premium-increase-following-regulators-proposal

India considering 18% hike for third party motor premiums: Report

June 9 2025

IRDAI has recommended an average of an 18% increase amid high loss ratios and rising claim costs.

new-zealand-secures-nz10-3bn-in-reinsurance-to-protect-homeowners-from-natural-disasters

NZ's Natural Hazards Commission secures NZ$10.3bn in reinsurance for 2025 renewal

June 9 2025

Figure is NZ$1.15bn (US$690m) higher than the previous year's total reinsurance cover.

report-thai-insurers-on-edge-as-ev-risks-mount-amid-neta-parents-financial-troubles

Thai motor insurers on edge as Neta Auto's finances worsen: Report

June 9 2025

Thailand’s insurers, under strain from rising EV costs, now face fresh uncertainty due to concerns about the parent company of an EV manufacturer.

australian-federal-court-rules-in-favour-of-auto-general-in-asic-legal-battle-over-policy-terms

Australian court dismisses ASIC appeal against Auto & General’s ‘unfair’ insurance clause

June 9 2025

Decision follows regulator's claims that policy wording placed unclear obligations on customers across several major insurance brands.

spike-in-significant-breaches-highlights-systemic-weaknesses-in-australias-life-insurance-sector

APRA, ASIC report early progress on life insurer reforms

June 9 2025

However regulators added that the long-term impact on the reforms remain to be seen.

former-china-construction-bank-manager-charged-with-bribery-linked-to-vesttoo-related-fraud

Hong Kong authorities charge former CCB employee in Vesttoo case

June 9 2025

Charges relate to alleged acceptance of over US$470,000 in cryptocurrency to supply false letters of credit.

manulife-to-shift-legal-domicile-from-bermuda-to-hong-kong-report

Manulife set to become second insurer to redomicile in Hong Kong under new regime

June 7 2025

Planned move comes following recent legislative reforms that simplify the process for companies to re-domicile to Hong Kong.

OCBC offers US$699.7m for remaining 6.28% stake in Great Eastern ahead of delisting vote

June 6 2025

The offer requires approval from 75% of minority shareholders to proceed.

Manulife Philippines, Chinabank renew bancassurance partnership

June 6 2025

The partnership has been renewed for another 15 years.

fitch-revises-chinas-life-insurance-outlook-to-deteriorating-amid-earnings-volatility-slow-growth-prospects

Fitch downgrades China life insurance outlook to deteriorating, maintains stable outlook for APAC insurance

June 6 2025

Fitch pointed to slower growth and earnings swings as key risks for China and Taiwan’s life insurers, but sees stability for most of the region's life and non-life industry.

atc-acquires-b-p-marshs-stake-in-sterling

Australian MGA ATC Insurance Solutions acquires Sterling Insurance for A$33.2m

June 6 2025

The deal sees B.P. Marsh increase its stake in ATC to 27% through a share swap arrangement.

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