Global investment companies EQT AB and CVC Asia Pacific Ltd have ended discussions with AUB Group regarding a potential takeover of the listed Australian insurance broker. The proposed deal valued AUB at approximately A$5.2bn ($3.4bn).
The Financial Regulatory Authority (FRA) has issued a resolution for a model policy for the Government Fund for Insurance against Risks Resulting from Medical Errors.
The Insurance Council of Australia (ICA), has announced a new collaboration to build a national data analytics fraud detection and investigations platform for the Australian insurance industry.
On 24 November, it was reported that the government is adjusting policies to prioritize citizens aged 75 and above.
President Lai Ching-te (???) announced on Monday that Taiwan's National Health Insurance budget is projected to reach a record NT$1tn (approximately $31.8bn) next year.
China's microfinance sector is undergoing a sharp contraction, with insurance-backed small-loan companies caught in the same squeeze.
Multinational insurer AIG's combined ratio has improved as its general insurance underwriting income soared, the company announced in a press release.
Insurers could see growing interest in financial lines and cyber policies with social-engineering and crime extensions in the Philippines, after Filipino companies reported fraud losses of about ?HP4tn ($71.43bn).
Mitsubishi Electric Corporation has completed the sale of all shares of its subsidiary Mitsubishi Electric Insurance Service Company to Marsh Japan.
The 20th Gulf Insurance Forum (GIF) concluded with a series of strategic recommendations for insurers and reinsurers across the GCC, underscoring the need to keep pace with fast-evolving regional and global developments.