Insurance rates in the first quarter of 2024 in Asia declined 2% after being flat for the three prior quarters, according to the "Global Insurance Market Index" published by the world's biggest insurance broking group Marsh.
Renowned for their friendly temperament and loyal disposition, Labradors, Cavoodles, and Golden Retrievers came out on top as the most popular canine companions insured in terms of volume, according to Southern Cross Pet Insurance.
Malawi, Mozambique, Zambia and Zimbabwe are likely to receive insurance payouts from African Risk Capacity (ARC) as they are severely affected by the current drought, according to early projections from ARC's season monitoring tools.
The Ministry of Culture and the Insurance Authority are working together on a project to insure historical buildings.
Peak Re has expanded its structured solutions team. The newly-created team will operate independently and maintain a close working relationship with Peak Re's P&C and L&H business teams.
Half of Chinese households spent more than CNY8,000 ($1,100) on insurance premiums in 2023, according to a recent study.
The General Insurance Association of Japan (GIAJ) has revealed that JPY74.44bn ($481.03m) has been paid out, up to 31 March 2024, on claims related to the 1 January Noto Peninsula Earthquake.
Remittances from migrant workers and foreign direct investments (FDI) are transforming the insurance landscape, particularly in emerging economies, says the non-profit, non-governmental organisation African Centre for Economic Monitoring and Intelligence (CAVIE).
S&P Global Ratings (S&P) says that it is too early to assess the full financial impact of the floods ravaging the UAE over the past week and that therefore, negative rating actions are unlikely at this time.
A high proportion of 85% of companies in Asia currently provide some form of insurance benefit to employees, according to the results of a survey which are published in a new report titled "Asia Employee Benefits Report".