News

60% of Indian policyholders caught in subscription traps

60% of Indian policyholders caught in subscription traps

The Central Consumer Protection Authority (CCPA) identified 13 types of dark patterns.

Income Insurance targets to fill billion-dollar financing gap in climate transition

The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.

Philippine agri secretary calls for modernisation of crop insurance

It hopes to adopt advanced models used in countries like Japan and Vietnam.

PIAM backs new motor vehicle smash repair standards

The standard was approved by the Minister of Investment, Trade and Industry Malaysia.

Flood risks, infrastructure concerns increase globally

Japan and Taiwan’s notable earthquakes prompted better seismic risk assessments.

Australia's insurance market bolstered by strong regulation

Fitch finds Australia’s insurance market technically sophisticated.

Hong Kong’s cyber incidents call for robust protection

Last year alone 7,752 security incidents were recorded.

Insurance sector sees 25% decline in cyber attacks in Q2 2024

Across all industries, the region experienced a 23% rise in attacks.

Minimum benefit standards are the new normal: Aon

Life insurance is now a minimum benefit that businesses offer.

New Zealand’s insurers maintain strong solvency under strict regulations

Demand for non-life insurance is driven by exposure to natural hazards.

APRIL Int’l collaborates with Indonesian insurtech broker

Clients in Indonesia can choose from two coverage options.

Allianz plans to acquire majority stake in Income Insurance for $1.64b

This is also equivalent to a 51% majority stake in the SG-based insurer.

Australia’s mortgage insurance sector developed, transparent: Fitch Ratings

Sector faces growing challenges due to the gov’t’s first-home buyer deposit scheme.

Chubb appoints Howell as head of general insurance for Australia, NZ

He will report to Marcos Gunn, regional president of APAC.

Malaysian Re identifies key trends in regional insurance

The health insurance sector sees growth amid rising risk awareness

Airline insurers enjoy favourable Q2, thanks to capacity

Notable incidents in Q2 2024 were Korean Air and Singapore Airlines.