Even as the Insurance Council of Australia (ICA) renewed its calls to stop building on floodplains, housing projects on floodplains continue to be approved by the local government authorities.
A new survey has revealed that fraud remains a top concern for insurers globally and the number of fraud cases is either holding steady or increasing compared to previous years.
HDI Global (HDI) has appointed Mr Jamie Haider as risk engineering manager, Australasia, subject to regulatory approval.
The Insurance Council of Australia (ICA) has released a charter outlining the principles and key actions for addressing the challenges of extreme weather events, as well as disaster preparation, response, and recovery.
The National Insurance Commission (NAICOM) has expressed concerns over the impact of inflation on the insurance sector, as rising prices affect both policyholders and insurers.
Financial resilience is a top priority for the insurance authorities in Türkiye and there are great efforts being made to strengthen the insurance sector, said Mr Davut Mentes, chairman of the Insurance and Private Pension Regulation and Supervision Agency (SEDDK).
Clyde & Co has appointed Ms Hermoine Hui as partner. She focuses on insurance litigation and advises life and non-life insurers on policy-related matters. In her new role, she will further grow the firm's large insurance offering in Asia and support its wider international insurance practice.
The Finance and Expenditure Committee of the New Zealand Parliament yesterday issued its final report on a cross-party inquiry into climate adaptation. Among its recommendations is the proposal for the government to investigate the idea of proactive financing instruments, working alongside insurance companies and banks.
The Insurance Council of New Zealand (ICNZ) is urging the government to ensure that its proposed Resource Management Act (RMA) changes help protect local communities by avoiding building in "dumb" places.
The National Financial Regulatory Administration (NAFR) will expand pilot reforms for long-term investments by insurance funds, including opening up long-term private equity investments, according to the head of the regulatory agency, Mr Li Yunze.