The Ministry of Finance has revealed that the total value of state assets that need to be covered by insurance is estimated at $80bn.
New research commissioned by Allianz Australia has shown Australia is not as prepared as it should be for the extreme summer weather ahead.
Mitsui Sumitomo Insurance Company (MSIC), a subsidiary of MS&AD Insurance Group Holdings, is making a capital investment of $350m in California-based InsurTech group, Hippo Enterprises.
Sri Lanka-based People's Insurance's regulatory risk-based capital (RBC) ratio improved notably to 271% in 1H2020, from 248% in 2019, helped by strong profitability induced by low motor claims, notes Fitch Ratings.
The Australian Master Builders Association (MBA) will collaborate with the Insurance Council of Australia (ICA) in a bid to strengthen Australian residential buildings against natural disasters.
Most of the listed general insurance companies in Bangladesh have reported higher net profit between July and September, from a year earlier on the back of increased premium income.
Moves by the Communist Party's Central Commission for Discipline Inspection (CCDI) and the state's National Supervisory Commission (NSC) to despatch disciplinary inspection teams to conduct joint investigations with their local-level counterparts into wrongdoings in financial institutions has become routine practice, according to a notice posted on the websites of the two national agencies.
New research has begun that explores important issues arising from Australia's devastating 2019-20 Black Summer, says the Melbourne-headquartered Bushfire and Natural Hazard Cooperative Research Centre (CRC).
China's insurance sector has raised nearly CNY16tn (about $2.43tn) for the real economy, the country's banking and insurance regulator has said.
Insurers are urging the National Insurance Commission (NAICOM) to extend the recapitalisation deadline for the industry and to waive the 31 December 2020 deadline for the first phase of the recapitalisation exercise.