A new survey has revealed a concerning trend of uninsured travel among Australians, with a significant number of people putting themselves at risk by travelling overseas without adequate protection.
The impact of inflation on ASEAN insurance markets was less than in mature Western markets, as inflation in Southeast Asia was on average lower than in the US or the EU, according to the "ASEAN Insurance Pulse 2023" report.
A new whitepaper published by Gallagher Re reveals that over 50% of businesses have experienced disruptions in their production networks due to extreme weather events, highlighting the fragility of global supply chains.
Japanese life and non-life insurers' underwriting fundamentals are likely to remain healthy overall in 2024, mainly because of waning effects from claims arising from the Covid-19 pandemic, Fitch Ratings says. As a result, Fitch has a neutral sector outlook for Japanese insurers.
New data analysis published by the Insurance Council of Australia (ICA) shows that nearly a quarter of a million properties in Australia are exposed to 1-in-20-year flood risk.
Insurers will be able to engage in bancassurance in Bangladesh for all types of life insurance plans. In the non-life market, motor, travel, crop and health insurance policies can be sold through banks.
The shareholders of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful), one of the five biggest insurers in Saudi Arabia in terms of premiums, have agreed to increase the company's capital by 150% to SAR1bn ($266.6m) from SAR400m.
AM Best is revising its outlook on India's non-life insurance segment to 'Stable' from 'Negative', owing to robust growth potential, driven by economic development and rising insurance demand, and recent regulatory developments.
The Australian Prudential Regulation Authority (APRA) has licensed Ivory Insurance as a general insurer, according to a statement issued by the regulator.
The Insurance Authority (IA) yesterday released claims statistics in relation to the two extreme weather events in early September 2023 - Typhoon Saola and a black rainstorm. According to the data collected from the insurance industry, the total gross claims incurred reached HK$1.9bn ($243m).