(Re)in Essence Plus

Ardonagh’s takeover of PSC Insurance sets platform for APAC expansion

June 14 2024

Acquisition by the UK-based consolidator makes strategic sense, say analysts.

south-korean-motor-insurers-pay-claims-from-trash-balloons-despite-war-exclusions-report

South Korean insurers pay 'trash balloon' claims despite war exclusions - report

June 13 2024

Insurers are opting to cover motor damage, citing unusual circumstances and classifying North Korea's trash-filled balloons as "falling objects".

german-supermarket-giant-aldi-launches-insurance-line-in-australia-using-honeys-white-label-platform

Supermarket giant ALDI partners with Honey to launch Australian insurance offering

June 5 2024

ALDI Insurance provides home, contents, motor, and landlord insurance, powered by Honey's technology and white label platform and underwritten by RACQ.

hong-kongs-direct-general-insurance-segment-sees-underwriting-profits-rise-61-8-in-q1-2024

Hong Kong's direct GI underwriting profits up 61.8% in Q1

June 3 2024

HK's direct general insurance segment sees underwriting profits rise to HK$625m (US$80m), but property line sees doubling of gross claims paid.

India faces growing backlog of 1m motor insurance claims valued at nearly US$10bn

May 28 2024

RTI query uncovers over 1 million pending motor accident claims worth 805bn rupees (US$9.68bn).

pacific-life-re-enters-asset-intensive-reinsurance-agreement-with-tokio-marine-amp-nichido-life

Pacific Life Re agrees asset intensive reinsurance deal with Tokio Marine & Nichido Life

May 27 2024

Businesses ink deal to cover in-force whole-of-life policies.

aerial-and-satellite-images-employed-to-fast-track-noto-peninsula-quake-claims

Insurance losses for Noto Peninsula Earthquake jump over US$500m mark

May 24 2024

Total number of claims rises to over 140k, with 95% of investigations completed and 67% of payments made as of 26 April.

the-philippines-non-life-segment-reports-7-76-increase-in-gwp-in-q1

Philippines' non-life segment sees 7.76% GWP increase in Q1

May 22 2024

GWP rises to PHP 28.2bn (US$485m), with motor and fire lines providing key contributions.

Recalibrating cyber risk appetite: Howden urges (re)insurers to embrace opportunity

May 21 2024

Howden Re report spotlights a gap between perceived and actual cyber risks.

byds-insurance-arm-receives-green-light-to-offer-statutory-auto-liability-insurance

BYD Property Insurance receives green light to offer statutory auto liability insurance in China

May 7 2024

Latest development comes following EV manufacturer's acquisition of insolvent Yi'an Property Insurance in May 2023.

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