insurance
Indonesian insurtechs funding lead despite 79% industry nosedive
Indonesian insurtechs funding lead despite 79% industry nosedive
Total tech funding raised in the first half of the year amounted to $191m.
Oneglobal broking gets new Hong Kong executive
He will oversee the growth and development of Hong Kong and China businesses.
Climate change impacts wind turbine infrastructure, insurers advised
A 10% decline in wind speed can result in over a 30% reduction in output.
Prudential’s share buyback programme could narrow capital buffer
The buyback accounts for 11.2% of Prudential's 2023 reported shareholders' equity,
Japan’s life insurers face moderate credit risk
Thanks to their notable allocation to fixed-income investments.
ICA gives two thumbs up to new building code decision
Enhancing home resilience against weather could save an estimated $4b yearly.
GST Council reviews reinsurance, co-insurance tax status
An 18% tax is usually levied on any supply of service.
Taikang Life to maintain strong market position, profitability
As of end-March, its comprehensive and core solvency ratios improved to 276% and 165%.
QBE's profitability rises with underwriting improvements
Moody’s is also optimistic about the insurer’s premium pricing trends.
Chinese insurers retrieve 18,400 claims for rain damages
Total claimed loss amounted to ~$86.9m.
HKIA slams broker with fines for poor handling
It also fined a licensed technical representative $910.
Lockton Singapore appoints new COO
She will oversee administration, compliance, claims, marketing, and IT.
ISF co-funds parametric solution for remote Indian state
Nagaland faces high levels of disaster and climate-related impacts.
Australian Reinsurance Pool reviews cyclone pool rates for 2025
The 2024 premium rate review aims to ensure that rates align with the objectives.
Income Insurance faces CreditWatch by S&P Global
S&P Global aims to resolve the CreditWatch status within the next 90 days.
Prudential unveils $2b share buyback plan
It expects its 2024 annual dividend to grow in the range of 7% to 9%.
Why global cyber insurance market will remain stable in the next 12 months
Geopolitics and AI are ongoing risks that could potentially impact profitability.
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