Over the past 25 years since the establishment of Allianz Reinsurance in Asia Pacific, the reinsurer has ...
India: Regulator sets out methodology for insurers to provide minimum rural-sector coverage
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive making it mandatory for all life,...
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive making it mandatory for all life,...
Article / 7 days ago
Singapore: Italian export credit insurer opens office
Italian export credit agency SACE has opened an office in Singapore to help Italian companies capture growing trade and investment opportunities across Southeast Asia....
Italian export credit agency SACE has opened an office in Singapore to help Italian companies capture growing trade and investment opportunities across Southeast Asia....
Article / 7 days ago
Taiwan: Insurance industry turns around 1Q financial results
The pre-tax profit of insurance companies in Taiwan for the first three months of this year stood at NT$105.3bn ($3.25bn), according to data released by the Financial Supervisory Commission (FSC)....
The pre-tax profit of insurance companies in Taiwan for the first three months of this year stood at NT$105.3bn ($3.25bn), according to data released by the Financial Supervisory Commission (FSC)....
Article / 11 days ago
Global: IFoA appoints next president-elect
The Institute and Faculty of Actuaries (IFoA) has appointed Mr Paul Sweeting as the next president-elect....
The Institute and Faculty of Actuaries (IFoA) has appointed Mr Paul Sweeting as the next president-elect....
Article / 12 days ago
Nepal: World Bank approves $80m facility to strengthen insurance and financial services
The World Bank's board of executive directors has approved an $80m development policy credit for Nepal to strengthen the stability of the financial sector,...
The World Bank's board of executive directors has approved an $80m development policy credit for Nepal to strengthen the stability of the financial sector,...
Article / 13 days ago
New Zealand: Insurers to be given 3-year grace period to adopt changes to insurance law
The Insurance Council of New Zealand (ICNZ) welcomes the first reading on 2 May 2024 of the Contracts of Insurance Bill, saying the overhaul of the legislation is...
The Insurance Council of New Zealand (ICNZ) welcomes the first reading on 2 May 2024 of the Contracts of Insurance Bill, saying the overhaul of the legislation is...
Article / 15 days ago
Thailand: Holders of COVID policies offered immediate claim payout at a discount
The General Insurance Fund (GIF) is presenting a choice to holders of COVID-19 insurance policies who have lodged claims against insolvent insurers that collapsed...
The General Insurance Fund (GIF) is presenting a choice to holders of COVID-19 insurance policies who have lodged claims against insolvent insurers that collapsed...
Article / 15 days ago
Insurance payouts exceed US$28m over Guangdong floods with bulk of claims awaiting settlement
Insurers have paid compensation amounting to over CNY206m ($28.5m) as of the end of April 2024 for losses caused by heavy...
Insurers have paid compensation amounting to over CNY206m ($28.5m) as of the end of April 2024 for losses caused by heavy...
Article / 18 days ago
Asia: Insurers face unprecedented disruption with rising electric vehicle adoption
Insurers should focus on the main risks as they adapt to the rapidly changing technologies and regulatory landscape around electric vehicles, according to Mr...
Insurers should focus on the main risks as they adapt to the rapidly changing technologies and regulatory landscape around electric vehicles, according to Mr...
Article / 19 days ago
Malaysia: New InsurTech platform receives approval to start ops
insureKU, an end-to-end digital insurance and takaful aggregation platform, has received received Bank Negara Malaysia's approval to begin operations....
insureKU, an end-to-end digital insurance and takaful aggregation platform, has received received Bank Negara Malaysia's approval to begin operations....
Article / 21 days ago