The Monetary Authority of Singapore (MAS) has announced the establishment of the Global Finance &Technology Network (GFTN) to strengthen Singapore as a global FinTech hub and enhance global connectivity for impactful innovation in financial services.
While life insurance agents should know their products and be transparent about the terms of a policy, empathy is key when it comes to connecting with a prospective client.
Prudential has appointed Mr Patrick van Heerde as chief partnership distribution officer, effective 4 November. In his new role, he will spearhead Prudential's bancassurance businesses across its 24 markets in Asia and Africa.
The International Group of Protection and Indemnity Clubs (IG) is expected to increase rates by an average of close to 5% in 2025, similar to the increase during the renewals in 2024, according to S&P Global Ratings.
Global marine insurance premiums in 2023 totalled $38.9bn - a 5.9% increase over 2022, according to the International Union of Marine Insurance (IUMI).
The International Association of Insurance Supervisors (IAIS) has published its five-year Strategic Plan for 2025-2029 which articulates the core objectives of the IAIS, identifies a set of strategic themes, and outlines the operational priorities of the IAIS.
The peak bodies representing personal and business insurers in Australia, New Zealand, Canada and the UK, have called on Commonwealth leaders to discuss worsening extreme weather and its impact on national economic and community resilience across the Commonwealth.
Several Nat CAT modelling firms have given a range of estimates of insured losses incurred because of Hurricane Milton, reported Business Insurance. Milton, deemed the most intense Atlantic hurricane on record, made landfall in Florida on 9 October.
Miller has appointed Ms Clare Lebecq as COO, effective 2 December 2024. In her new role, she will support Miller's growing operational capabilities.
ISC Group has appointed Ms Carmen Powell as CEO. In her new role, she will continue to lead ISC Group's purpose in the acceleration of women into leadership in (re)insurance and related industries.