News Non-Life

India: Merger of 3 govt-owned insurers could take place next April

India: Merger of 3 govt-owned insurers could take place next April

The Finance Ministry has floated a Cabinet note on the proposed merger of three state-owned general insurance companies-National Insurance, United India Insurance and Oriental Insurance, a senior government official has said.

15 Nov 2019

Australia: Bushfire losses exceed US$80m so far this year

Australia: Bushfire losses exceed US$80m so far this year

Bushfires have cost Australian insurers more than A$120m ($82m) so far this year, and the losses are continuing to mount, according to the Insurance Council of Australia (ICA).

14 Nov 2019

Typhoon Hagibis caused at least $10bn economic loss, says Aon report

Typhoon Hagibis caused at least $10bn economic loss, says Aon report

Total economic losses for typhoon Hagibis are expected to exceed $10bn with insured losses minimally in the billions, according to Aon's latest monthly 'Global Catastrophe Recap' report which evaluates the impact of the natural disaster events...

Ranamita Chakraborty | 14 Nov 2019

Australia: 4th bushfire catastrophe announced this year

Australia: 4th bushfire catastrophe announced this year

The Insurance Council of Australia (ICA) has declared a catastrophe for the tragic bushfires blazing in northern New South Wales, that has so far destroyed more than 150 homes.

11 Nov 2019

New Zealand: Wellington residents told not all risks can be shifted to insurers

New Zealand: Wellington residents told not all risks can be shifted to insurers

AIR team | 08 Nov 2019

India: State-owned general insurers lobby for funds

India: State-owned general insurers lobby for funds

08 Nov 2019

India: Insurers consider exiting national crop insurance scheme

India: Insurers consider exiting national crop insurance scheme

07 Nov 2019

South Korea: Non-life business faces profitability pressure

South Korea: Non-life business faces profitability pressure

AIR team | 07 Nov 2019

Past Articles

Australia: Non-life insurers work to improve PI insurance in building sector

Australia: Non-life insurers work to improve PI insurance in building sector

Bangladesh: PM Hasina asks insurers to raise the bar to mitigate risk

Bangladesh: PM Hasina asks insurers to raise the bar to mitigate risk

New Zealand: Finance Minister says Govt examining granular risk based pricing

New Zealand: Finance Minister says Govt examining granular risk based pricing

India: Foreign investors snap up insurance stocks

India: Foreign investors snap up insurance stocks

Japan: General insurers discuss co-assessment of damage in Nat CAT events

Japan: General insurers discuss co-assessment of damage in Nat CAT events

Hong Kong: Govt studies special measures on insurance to help protest-hit businesses

Hong Kong: Govt studies special measures on insurance to help protest-hit businesses

India: Regulator proposes higher damage self assessment ceiling

India: Regulator proposes higher damage self assessment ceiling

Japan: Sompo Japan to be first major insurer to pay same-day compensation for flood

Japan: Sompo Japan to be first major insurer to pay same-day compensation for flood

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