News

Korea’s foreigners face tighter insurance requirements: Report

Non-nationals will qualify for health insurance if their stay is at least six months.

Korea’s foreigners face tighter insurance requirements: Report

Non-nationals will qualify for health insurance if their stay is at least six months.

MAS unveils list of too-big-to-fail insurers, imposes higher capital requirements

The four initial insurers are to face a 25% capital add-on, boosting higher and lower supervisory intervention levels, CET1 and  Tier 1.

Allianz Commercial to gain new head of construction next year

Before Darren Smart takes his role in 2024, Gordon Browne will continue to oversee his segment.

FSC to revise measures for pet insurance in SK: Report

Lack of veterinary treatment and limited public awareness of pet insurance has been a factor in the small market penetration.

Miller assembles APAC treaty team

This comes in line with its goal of expanding its reach in the region.

NZ climate disaster payouts reach NZ$2b

It is estimated that NZ$3.5b claims will be rooted in Auckland floods and cyclone Gabrielle.

Chief risk officer to forecast insurance industry trends at upcoming forum

In the rapidly globalising market, the seasoned risk officer stresses the importance of understanding global influences and embracing collaborative approaches to industry challenges.

Two US entities and Fintech Blue Solutions to launch India-based insurer

It targets to sell life and retirement products to the Indian market.

Aon hires new associate director for transaction solutions

She will advise Aon’s clients on how to navigate emerging commercial risks.

ICA urges gov’t to reform insurance tax in future budgets, overall annual fund sufficient

New South Wales currently imposes the highest insurance taxes in Australia.

Hong Kong’s drainage system prevented a greater impact: Guy Carpenter

The 2008 rainstorm alone generated HK$237m incurred claims.

Singlife’s growth trajectory secured by uniting innovation and tradition

Group CEO Pearlyn Phau confident of Singlife’s future as Singapore’s insurance industry is poised for growth.

Chinese regulator takes over insurance company: Report

There is no reason indicated yet for the transfer.

Lower inflation rate moves Japan’s insurers to secure necessary reinsurance capacity in renewals

There has been a shortage of new capital entering the market due to rising interest rates.

Insurtech Bowtie seals $35m series B2 round

It aims to narrow Hong Kong’s insurance gap with the new funding.