News
Vietnam joins ASEAN motor insurance system for seamless cross-border travel: Report
This will require motorists to register for a compulsory civil liability insurance plan.
Vietnam joins ASEAN motor insurance system for seamless cross-border travel: Report
This will require motorists to register for a compulsory civil liability insurance plan.
Suncorp’s profits at risk, natural hazard costs and reinsurance expenses soar: Fitch Ratings
A modest decline in Suncorp's underwriting profitability is seen over the next 12 to 24 months.
$30m co-funding will meet tepid demand for financial counsellors – ICA
This should grant 9,000 more Australians access to financial counselling.
ICA commends New South Wales Gov’t for ESL reform
The abolition of the ESL on insurance is expected to result in a 15% lower average cost for home cover and around 23% lower for business cover.
bolttech collaborates with S.K.’s LOTTE HIMART for electronic goods exchange service
The service comes with an annual fee of $30.
Vietnam’s insurance sector is in rough waters, long-term growth on the horizon
Consumer confidence loss will persist for at least the next three years.
Dai-ichi Life’s capital efficiency to improve – Moody’s
The insurer has shown a strong domestic market position.
AIA Singapore announces leadership appointments
The key appointments were Irma Hadikusuma, Melita Teo, and Peter Lee.
APAC’s insurance premiums to rise 2.3% in the next two years: Swiss Re
The region’s insurance premium growth is slightly higher than the world estimate of 2.2%.
MAA Group sells 85% stake in Philippine arm
MAA Group will exit the nonlife insurance business entirely.
Howden buys majority stake in HQ Insurance
This comes after its recent acquisition of Tyser’s bloodstock broking business.
S.K.’s insurance comparison in January 2024 could drive higher premiums
Higher premiums are forecasted for this service versus cyber marketing channels.
2020 General Insurance Code of Practice to be reviewed – ICA
The first phase will address general topics not directly related to the 2022 floods.
Elevated catastrophe costs put pressure on QBE’s earnings: Fitch Ratings
The recently completed transaction reinsured $1.9b of long-tail reserves reduced risk volatility.
IRDAI issues regulations for insurers’ ease of doing business
It targets to move towards a principles-based regime.
New Zealand’s non-life market ‘stable’, good premium growth is anticipated: AM Best
Volatile weather conditions, tightening reinsurance capacity, and reinsurance rate increases may increase volatility.
Allianz Partners names CEO of Travel business
Anna Kofoed has 25 years of experience in the travel technology industry.
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