News Non-Life

Australia: Westpac Group sells general insurance operations for US$535m

Financial services group Westpac yesterday announced it will sell Westpac General Insurance and Westpac General Insurance Services to German global insurer Allianz and enter into an exclusive 20-year agreement for the distribution of...

AIR team | 03 Dec 2020

India: General insurance sector shows red ink in FY2020

The 32 companies in the Indian general insurance sector posted an aggregate net loss of INR14.02bn ($190.6m) for the financial year ended 31 March 2020 (FY2020), from a combined net profit of INR6.83bn in FY2019 and net profit of INR69.09bn...

02 Dec 2020

Indonesia: General insurance agents lobby to represent more than 1 insurer

The Indonesian General Insurance Expert Agents Association (A3UI) is lobbying the Financial Authority (OJK) to revise a 2016 regulation so that general insurance agents would be able to collaborate with more than one insurance company at any...

AIR team | 02 Dec 2020

India: Govt owned general insurers directed to tighten belt

The Finance Ministry has asked state owned general insurers, notably, National Insurance, Oriental Insurance and United India Insurance, to rationalise their branch networks and cut down avoidable expenses to improve their financial health.

01 Dec 2020

Hong Kong: Regulator warns insurers against illusions of underlying risk exposure improving

AIR team | 30 Nov 2020

Singapore: General insurers starts new accident reporting system today

AIR team | 30 Nov 2020

China: Singapore proposes cooperation on disaster risk insurance with Chongqing

AIR team | 27 Nov 2020

Indonesia: Insurance gap for state assets estimated at US$67bn

AIR team | 26 Nov 2020

Past Articles

South Korea: Insurance industry needs to double profits to meet market expectations

20 Nov 2020

Pakistan: German development financier eyes stake in local general insurer

19 Nov 2020

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