News

IAG to stay ahead, driven by P&C lines in Australia and New Zealand – S&P Global Ratings

Affordability constraints may moderate premium growth, particularly in personal lines, amid a slowing economy.

IAG to stay ahead, driven by P&C lines in Australia and New Zealand – S&P Global Ratings

Affordability constraints may moderate premium growth, particularly in personal lines, amid a slowing economy.

Chubb selects new consumer lines lead for int’l general business

Federico Spagnoli will be responsible for Chubb's consumer lines across 51 countries and territories.

S.K.’s household loans from insurers climb to $77m in November

On the other hand, loans made from nonbanks fell to $2.2b.

The Philippines’ pre-need industry swells 8.2% YoY in Q3

Its expansion is attributed to the heightened sales of pre-need plans during the period.

India’s life insurance sector sinks 12.7% 11M’23

Policies and schemes were tallied at 15.9 billion

ICA urges e-motor users to have coverage

E-motors catching fire has been too frequent due to inadequate care by owners, says the ICA.

Singlife unveils Connect 2.0 accelerator for insurtech boost

Connect 2.0 plans to back up to ten startups, focusing on co-creating and launching innovative embedded insurance solutions.

India’s first-year life insurance premiums dip 25.3%

CareEdge forecasts the industry to have a positive growth trajectory in the long-term.

Insurers ready to tackle Cyclone Jasper – ICA

The community in the cyclone warning region is advised to monitor weather conditions and follow guidance from emergency services.

Korean Re to see growth potential in S.K.’s coinsurance business: AM Best

AM Best foresees a notable reduction in KRE's underwriting risk in 2023 due to the planned portfolio restructuring, which aims to offload unprofitable business, especially in the domestic personal line. 

Australians urged to secure right insurance when renting out homes for summer – ICA

Holiday rental insurance is specifically tailored for properties rented out briefly.

Investment income to steer China Taiping Insurance’s bottom line: AM Best

CTPI is expected to maintain a prudent investment strategy and stringent risk management in the future.

Insurance coverage adjustment seen as EV ownership increases

As electric vehicles gain momentum, Allianz Insurance Singapore adjusts its insurance products to meet new challenges in risk, pricing, and claims management.

Tune Protect should see a boost in diversification: AM Best

TPR’s operating performance was ‘satisfactory’, AM Best said.

ICA praises federal overhaul for personalised financial advice boost

The old regulatory framework entailed limited access to financial advice, especially for low- and middle-income Australians.