Insurance

India gov’t to sell 6.8% stake in General Insurance Corp

The stake will be sold at a floor price of INR395 per share.

India gov’t to sell 6.8% stake in General Insurance Corp

The stake will be sold at a floor price of INR395 per share.

Rate hikes likely to boost Tokio Marine & Nichido Fire’s domestic non-life growth

The insurer has maintained a solid return on equity of 7.4% from 2019 to 2023.

Income Insurance launches first hourly travel coverage

The product replaces the previous version, which was limited to Bintan, Batam, and Malaysia. 

HK plans streamlined process for overseas insurers amidst stellar performance

Chairman Yiu attributed the industry’s standing to the RBC regime.

China's insurance reforms aim to support smaller insurers

However, larger insurers continue to dominate the market.

How much do Singapore’s executives care about cyber insurance?

The rise of AI presents opportunities for both businesses and cybercriminals.

Cathay Insurance benefits from diversified investments, strong liquidity

Its consolidated adjusted capital and surplus grew by 16% end-2023.

Zurich Financial Services, Mandala unveil first climate risk index for tourism

Half of Australia’s tourism assets are classified in an elevated risk category.

Insurance sector to capitalise on $54b BESS investment by 2024

Renewables could generate $237b in premiums by 2035. 

Construction insurance sector set for growth with energy, utility projects

Energy and infrastructure projects are expected to climb 7.8% and 5.1%, accordingly.

Howden Re cites severe weather, SRCC as major reinsurance losses

Challenges in casualty lines include risks from autonomous vehicles.

Zurich partners with Tesla in Australia as it rides EV trend

The Swiss insurer is simplifying coverage to help cut the cost of buying an electric car.

Insurers adapt to serve Hong Kong, Singapore family offices

UHNW and HNW families are expected to reach $5.8t in wealth by 2030.

IRDAI sets 30-day free-look period for policies

Insurers are required to provide a tool on their websites for verifying authorised distribution channels.

Zurich Resilience Solutions Appoints former CSIS officer to cyber role

The role was recently created to boost the companies’ risk services.

Pru Life UK launches fund with access to global tech giants

The fund will allow investors to participate in dollar-denominated equity assets.