News
GIC Re’s underwriting losses widen by 71.1% YoY for end-March
GIC Re’s underwriting losses widen by 71.1% YoY for end-March
Its combined ratio increased to 111.82%.
Taiwan to repatriate $921b for strategic investments
It aims to boost strategic sectors with overseas insurance funds.
S. Korea’s same-sex couples eligible for health insurance
“Love has won again,” said So Seong-wook, a plaintiff.
Manulife boosts Asia team with two senior appointments
Both their roles will be effective on 19 August.
Global insured losses hit $58b in H1 2024
Natural catastrophes resulted in over 6,000 fatalities, the lowest since 2020.
South Korea's FSC greenlights financial recovery strategies
The resolution plans are composed by the Korea Deposit Insurance Corporation.
QBE Insurance unveils global cyber policy for broader protection
The coverage will be offered in five APAC markets.
VPIS posts steady 4.0% return-on-equity over five years
AM Best also assessed its operating performance as adequate.
National Insurance Trust Fund Board’s gross premiums surge this year
However, Fitch Ratings sees risk-management weaknesses in the insurer.
Global NatCat drive $61b in insured losses in H1 2024
The region accounted for 6% of the total.
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.
S. Korea’s virtual asset user protection act set to launch
The law aims to establish a secure framework.
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.
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India’s cyber risk paradox: High attack rates, low insurance preparedness