News Non-Life

Japan: Govt to lower CTPL rates for first time in 3 years

Japan: Govt to lower CTPL rates for first time in 3 years

The Japanese government has decided to reduce compulsory motor third party liability insurance premiums by 16.4% on average, beginning in April.

24 Jan 2020

Philippines: Taal-affected farmers can now avail of state insurance coverage

Philippines: Taal-affected farmers can now avail of state insurance coverage

Farmers suffering from agricultural losses as a result of the Taal Volcano eruptions would be getting some relief with the passing of new legislation which grants full insurance coverage to all qualified agrarian reform beneficiaries of...

Ranamita Chakraborty | 23 Jan 2020

South Korea: Hana Financial Group in discussions to acquire insurer

South Korea: Hana Financial Group in discussions to acquire insurer

Hana Financial Group has embarked on expanding its non-banking affiliates by offering to purchase 70% of The-K Non-Life Insurance shares. Currently, the group is said to be in the process of negotiating the deal with the insurer.

Ranamita Chakraborty | 23 Jan 2020

Australia: Recent hailstorms cause at least A$320m losses

Australia: Recent hailstorms cause at least A$320m losses

Earlier this week, bushfire-ravaged Australia was struck by yet another Nat CAT - hailstorms - which resulted in estimated losses of at least A$320m ($218.9m) and over 20,000 insurance claims according to the Insurance Council of Australia (ICA).

Ranamita Chakraborty | 22 Jan 2020

India: Digit Insurance to raise $84m in latest funding round

India: Digit Insurance to raise $84m in latest funding round

Ranamita Chakraborty | 22 Jan 2020

China: Largest P&C insurer estimates net profit increase of 35-60% for 2019

China: Largest P&C insurer estimates net profit increase of 35-60% for 2019

22 Jan 2020

Philippines: Ash fall from volcano triggers over $60m agriculture losses

Philippines: Ash fall from volcano triggers over $60m agriculture losses

Ranamita Chakraborty | 20 Jan 2020

Japan: Most businesses fail to flood-proof their facilities

Japan: Most businesses fail to flood-proof their facilities

20 Jan 2020

Past Articles

Thailand: Non-life insurance market estimated to have grown by 5% in 2019

Thailand: Non-life insurance market estimated to have grown by 5% in 2019

Thailand: Motor premium rates to increase due to losses

Thailand: Motor premium rates to increase due to losses

India: Marine insurers caught between US and Iran

India: Marine insurers caught between US and Iran

China: Agricultural insurance business posts US$10bn in premiums in 2019

China: Agricultural insurance business posts US$10bn in premiums in 2019

South Korea: Property insurers to raise motor premiums to counter losses

South Korea: Property insurers to raise motor premiums to counter losses

New Zealand: 2019 sees 'meaningful' reduction in road deaths

New Zealand: 2019 sees 'meaningful' reduction in road deaths

India: More capital infusion likely for state-backed non-life insurers

India: More capital infusion likely for state-backed non-life insurers

Australia: Govt proposes inquiry into bushfires as insured losses mount

Australia: Govt proposes inquiry into bushfires as insured losses mount

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