News
No insurance payout for Hong Kong’s controversial Jumbo Floating Restaurant
The vessel reportedly capsized near the Paracel Islands in the South China Sea.
Japanese life segment stands strong as firms maintain solid capital positions: AM Best
Several tailwind factors improved overall business conditions.
Climate risk is burning billions and Asia remains vulnerable
In 2021, the largest recorded natural disaster in the region cost over $2b.
Everest Insurance gets regulator nod for Singapore entity
This marks the global insurer's official entrance to the Asian market.
India’s recently cancelled cricket match triggers $5.75m in insurance claims
The cancellation of the recent match triggered several claims.
Taiwan’s COVID-19 insurance policy complaints surges
Complaints is now 25 times higher than last year.
Allianz Malaysia names new chairman
The new chairman was the former CEO of Allianz General Malaysia.
$3.37b losses in Eastern Australia floods to challenge insurers
The initial assessment of losses was $2.75b in April.
Insurers can halve emissions by 2030: UN official
The UN assistant secretary-general for climate action has three asks for the industry.
WTW appoints new Thailand country head
The current head will now be in charge of Vietnam.
Hong Kong insurance regulator bans broker over hiding of payment mistake
The broker then tried to shift the blame to his client.
Open Insurance launches partnership with New Zealand telco
The partnership aims to bundle power, mobile, and insurance in one.
Information technology could bolster insurance industry growth: Indonesian regulator
The industry has grown by 8.67% annually for the past five years.
India could soon allow customers to take out loans to buy insurance
The regulator is currently studying a proposal for premium financing.
OneDegree expands home cover to include LGBTQ+ families
The cover was soft-launched in March, and relaunched to extend coverage.
Kyobo Life to issue $500m hybrid bonds
The 30-year bonds will all be sold to offshore investors.