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• Demand for insurance is increasing among social media influencers in Japan.
• Anecdotally law suits among influencers could also be on the rise.
• A new law was introduced last year forcing influencers to disclose financial interest in products or services they promote.
• A number of internet providers recently launched insurance products for their clients.
• In other countries, big brands have been instrumental in pushing influencers to take out insurance.
• Price will be critical to the products taking hold.
• Coalition now offering an excess layer of cyber insurance up to AUD 20m.
• Excess policies can include drop-down cover for specific risks.
• Coverage comes with access to Coalition’s cyber risk management platform and security support.
• Move follows Coalition’s initial Australian launch in November 2023, with Allianz Australia partnering on capacity.
• Swiss Re Foundation’s SHINE programme launches in Southeast Asia for early-stage social enterprises in Indonesia, Malaysia, Thailand, and Singapore.
• Programme, aims to help support issues related to natural hazards, climate risk, and healthcare access.
• Winning applicant wins an initial grant of SGD 5,000 and joins a six-month learning programme with Swiss Re experts and business coaches, with potential for an additional grant of up to SGD 35,000.
• LIC has received a three-year extension from SEBI to meet the 10% public shareholding norm, with a new deadline of 16 May 2027.
• The Indian government currently holds a 96.5% stake in LIC, having sold a 3.5% stake in an IPO in May 2022.
• The government reportedly plans to gradually sell its stake in LIC, aiming to offload 10% over seven years and 25% over ten years.
• Fitch affirms Guoren Property and Casualty Insurance’s ratings, but revises outlook from Stable to Negative, citing concerns over capital buffer delays.
• The insurer’s combined ratio improved to 97% in 2023, but increased risky asset exposure and financial leverage heighten vulnerability.
