China's insurance institutions have received a large number of claims from people affected by floods and ...
Regulator gives the nod to establishment of new insurer
Shanghai International Group and seven other companies have received approval from the National Administration of Financial Regulation (NAFR) to...
Shanghai International Group and seven other companies have received approval from the National Administration of Financial Regulation (NAFR) to...
Article / 3 days ago
Australia: Insurance association urges early bushfire preparation
The Insurance Council of Australia (ICA) is emphasising the need for early bushfire preparation so property owners and tenants can reduce risk and safeguard their homes and property....
The Insurance Council of Australia (ICA) is emphasising the need for early bushfire preparation so property owners and tenants can reduce risk and safeguard their homes and property....
Article / 4 days ago
Indonesia: Insurers urged to learn from overseas experience in adopting IFRS 17
The implementation of the new financial reporting standard PSAK 74, the Indonesia form of IFRS 17, regarding insurance contracts by 2025, is not without challenges...
The implementation of the new financial reporting standard PSAK 74, the Indonesia form of IFRS 17, regarding insurance contracts by 2025, is not without challenges...
Article / 5 days ago
China: Captive insurer faces volatility risk due to small net earned premium base
COSCO Shipping Captive Insurance has reported net profits each year from 2017 to 2022 and an average return on equity of 4.8% over the last five years...
COSCO Shipping Captive Insurance has reported net profits each year from 2017 to 2022 and an average return on equity of 4.8% over the last five years...
Article / 6 days ago
Hong Kong: 8 Sep floods estimated to lead to insurance claims of more than US$395m
The total insurance claims due to the heavy flooding that inundated Hong Kong recently may be higher than those caused by Typhoon Mangkhut....
The total insurance claims due to the heavy flooding that inundated Hong Kong recently may be higher than those caused by Typhoon Mangkhut....
Article / 14 days ago
Japan: Probe into auto repair pricing scam could affect major insurer's social risk
The Financial Services Agency's investigation into pricing collusion in auto repairs by Japanese property and casualty insurers, including Sompo...
The Financial Services Agency's investigation into pricing collusion in auto repairs by Japanese property and casualty insurers, including Sompo...
Article / 14 days ago
Australia: Non-life market rings up net profit after tax of nearly US$3bn in the year to 30 June
The Australian general insurance industry reported a net profit after tax of A$4.6bn ($2.9bn) and a return on net assets of 14% for the year ended 30 June 2023...
The Australian general insurance industry reported a net profit after tax of A$4.6bn ($2.9bn) and a return on net assets of 14% for the year ended 30 June 2023...
Article / 18 days ago
Japan: Regulator to scrutinise motor insurance claims
Japan's Financial Services Agency plans to conduct on-site inspections of Bigmotor Co and Sompo Japan Insurance as early as mid-September as part of an investigation into fraudulent auto...
Japan's Financial Services Agency plans to conduct on-site inspections of Bigmotor Co and Sompo Japan Insurance as early as mid-September as part of an investigation into fraudulent auto...
Article / 19 days ago
Singapore: Jeslyn Tan appointed SRA executive director
The Singapore Reinsurers' Association (SRA) has appointed Ms Jeslyn Tan as its executive director with effect from 4 September 2023....
The Singapore Reinsurers' Association (SRA) has appointed Ms Jeslyn Tan as its executive director with effect from 4 September 2023....
Article / 20 days ago
Korea P&I Club adopts mitigation actions to improve underwriting results
Korea P&I Club's (KP&I) underwriting fundamentals and profit volatility are expected to improve over the coming years, says AM Best....
Korea P&I Club's (KP&I) underwriting fundamentals and profit volatility are expected to improve over the coming years, says AM Best....
Article / 20 days ago
