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Read the latest edition of AIR and MEIR as an Interactive e-book

Jun 2023



Australia: New federal budget provides for climate change and disaster response measures

The Federal Budget 2023-2024 lacks insurance initiatives for rising premiums and hard-to-place insurance in flood and bushfire-prone areas but introduces various climate change and disaster response measures.

China: EV maker takes over online insurer

Chinese electric vehicle manufacturer BYD has been given approval by the CBIRC to acquire 100% of financially-stricken online P&C insurer E An.

Thailand: OIC adopts digital technology to handle insurance disputes

Thailand’s insurance regulator, the Office of Insurance Commission (OIC), has launched an online arbitration system to resolve disputes.


Australia: SMEs at risk of insurance gaps due to inflation

SMEs in Australia may be at risk of gaps in their insurance coverages due to inflation, leading to a potential ‘serious financial crisis’ according to insurance service provider InsurTech BizCover.

Insurers are feeling better prepared than in 2021 and 2022

Insurers are feeling more prepared than they did in 2021 and 2022 on a whole range of issues – but are nervous about geopolitics according to a new global survey by the International Insurance Society (IIS).

More than three fourth feel prepared yet 50% still fall victim to ransomware attacks

The global threat of ransomware remains at peak levels, with half of organisations across all sizes, regions and industries falling victim in 2022 according to the new edition of 2023 Global Ransomware Report released by the cyber security company Fortinet.