The Thai insurance regulator has asked all insurance companies to manage (customer) complaints more quickly, more transparently, and with improved efficiency. It has said the insurers should ensure that all complaints and disputes are resolved by arbitration or even by mediation at the pre-arbitration level to reduce complaints and resolve them as soon as possible.
The number of insurance claims for wild-weather related damage received by NRMA Insurance between January and May this year has surpassed the total number of wild-weather claims received by it in the full year 2024. New data released by NRMA Insurance said it received more than 32,000 claims for wild weather-related damage between January and May this year.
Inflation has a multifaceted impact on insurers and consumers, QBE Asia CEO Rob Kosova said in an exclusive interview.
The Financial Regulatory Authority (FRA) is extending the grace period for insurers to adhere to the Unified Insurance Law by a year, starting on 11 July.
The performance of Uganda's insurance industry is expected to improve this year due to factors such as the expected take-off of takaful.
The Egyptian insurance industry is monitoring the escalation of the ongoing war in the Middle East between Israel and Iran and its impact on insurance coverage, premium rates and compensation costs.
Escalating climate shocks are deepening an insurance crisis that threatens both social resilience and financial stability-shifting unaffordable risks onto people while exposing the limits of an insurance system under intensifying strain according to the 'Insure Our Future' campaign.
The Saudi Arabian insurance industry's profits (after-zakat & tax) dropped by 28% in the first three months of 2025 to SAR0.6bn ($160m) in 1Q2025 from SAR0.9bn in 1Q2024, Badri Management Consultancy, an international actuarial consulting company, has said.
General Insurance Association of Japan (GIAJ) chairman Mr Hiroaki Shirota has cited several measures that the trade body has taken over the past year or will be taking to improve the industry's operating environment.
International Finance Corporation (IFC) and QBE Asia will collaborate to advance building resilience and address the persistent property insurance gap across the Asia-Pacific region, according to a statement released by IFC.