Staff Reporter
Tokio Marine sets global AI governance policy with oversight rules
Tokio Marine sets global AI governance policy with oversight rules
Key provisions ensure AI decisions remain subject to human judgment.
Etiqa extends support for travel claims after Jetstar shutdown
Customers facing disruptions to Jetstar Asia flights between 11 and 31 July 2025 may submit claims under the Travel Delay Clause of their policy.
Sing Re secures IFSCA nod to launch GIFT City reinsurance unit
Sing Re will offer treaty and facultative reinsurance solutions.
South Korean insurers Q1 2025 net income contracts 15.8% YoY
Both its life and general insurance sectors recorded declines.
GIAJ enhances compliance support with new rules and seminars after leaks
It also announced the formulation of whistleblowing mechanisms.
Aon appoints new head of Client Services
Soh brings over 19 years.
Ping An ranks fifth amongst Chinese firms on list
Ping An reported $158b in revenue.
Insurers worldwide retain more risk as reinsurers limit low-layer cover
Life insurers face long-term pressure as they shift toward retirement-focused products.
Japanese life insurers pursue overseas deals as domestic growth slows
Insurers are expected to keep issuing hybrid capital to preserve credit quality.
Demand for professional indemnity insurance in Asia, Australia grows: Aon
However, insurers are cautious about high-risk developments such as renewable energy.
Swiss Re sees rising claims across sectors from heatwaves
Liability and health sectors witnessed a sharp rise in claims.
HKIA bans two agents over fake policy applications
The HKIA described the misconduct as deliberate and damaging.
FWD Hong Kong promotes cancer genomics via MAX platform
It aims to educate the public on the benefits of early cancer detection.
This week in insurance: Great Eastern delists, Income Insurance covers Jetstar-affected, Sout Korea general insurers stable
Tokio Marine also appointed new leaders whilst India’s life insurance market recorded growth.
IFC partners with QBE Asia to expand Building Resilience Index
The partnership aims to address the property insurance gap.
Canopius sells 21% stake to Samsung Fire & Marine Insurance
This marks SFMI’s third investment in Canopius.
APRA proposes capital relief to boost annuity competitiveness
Life insurers would be allowed to hold reduced capital for annuity products.
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