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Reinsurance pool could lead to premium discount in Australia's cyclone areas
Reinsurance pool could lead to premium discount in Australia's cyclone areas
The government announced a $7.4b (A$10b) cyclone reinsurance pool that will help drive down insurance premiums.
Thai regulator probing possible fraud in COVID-19 claims
COVID-19 claims in the country have jumped ten times since last year.
South Korean life insurers' interest payment burden rising: report
Their financial performance is diverse but has decayed amidst the prolonged low interest rates.
FWD Singapore, Ryde extends free accidental death insurance
Passengers can also get compensated if they lose their IDs during a trip.
Sun Life HK launches new participating insurance plan
Vital offers whole-life protection and potential long-term wealth growth.
AXA XL names chief underwriting officer for APAC, Europe
Marine Ress will be responsible for underwriting strategy for general liability, motor, and environmental insurance.
US firm Arthur J. Gallagher acquires Mumbai broker Edelweiss
The deal is still subject to regulatory approval.
China to hike subsidies for agricultural insurance premiums
Subsidies will be provided to crop-growing farmers who buy full-cost insurance or income insurance.
Westpac sells NZ life insurance unit to Fidelity Life
Westpac Life NZ and Fidelity Life will also enter into a 15-year distribution agreement.
Australia's Suncorp renews reinsurance programme for FY2022
The FY2022 reinsurance tower will grant Suncorp with $4.9b (A$6.5b) of protection.
Singapore parents prioritise children's expenses over retirement: study
Parents spend almost 20% of their income on their children but less than 7% on their own retirement planning.
Allianz Malaysia CEO calls for unity vs motor claims fraud
Motor claims fraud costs the industry $240.5m (MYR1b) per year, he said.
Changes to India's LIC Act takes effect
This is seen as a major step towards LIC's proposed IPO.
AIA Hong Kong, Bank of East Asia launch bancassurance partnership
They launched seven products that provide comprehensive life, critical illness, savings, and retirement protection.
AIA Vietnam, e-commerce platform Tiki announce partnership
Tiki customers will have access to life and health plans through the platform.
Malaysian central bank pushes upgrades to insurer, takaful capital framework
These upgrades ensure that the framework remains effective amidst shifting market conditions.
Australian property reinsurance saw neat mid-year renewals: report
The property segment experienced pressures on pricing, particularly on loss-affected layers.
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