BYD Insurance Brokerage has officially ceased operations, with its business registration status recently changed from "Active" to "Deregistered," according to public filings.
These are the highlights for events and updates across the insurance industry this week.
There are significant barriers that impact both the resilient construction of new housing, and the adaptation of existing properties, says the Actuaries Institute in a submission to the Productivity Commission.
South Korea's 22 life and 31 non-life insurance companies generated KRW4.097tn ($2.98bn) in preliminary net income for the first quarter of 2025, down by KRW769.9bn or 15.8% from the corresponding quarter a year earlier, the Financial Supervisory Service says in a statement.
Vietnam has affirmed the private sector as the most crucial engine of the national economy, opening up opportunities for the insurance market among several industry sectors.
India's construction insurance landscape is witnessing robust momentum, underpinned by rapid urbanisation and large-scale infrastructure development, according to a report by Aon.
The latest review of insurers' claims handling practices by the Australian Securities and Investments Commission (ASIC) has found that while insurers implemented programmes to improve claims handling functions in recent years, and some progress has been made, there is still significant room for further improvement.
Organisational approaches to supply chain risks and insurance experienced bouts of "consistency and notable shifts" between 2023 and 2025, said WTW's "Global supply chain risk report: Navigating supply chain risks and insurability", released recently.
Thailand's non-life insurance sector is on high alert following reports that a Chinese electric vehicle (EV) manufacturer operating in the Thai market may be headed for bankruptcy -- a development that underscores growing concerns about EV insurance becoming a loss-making segment, said The Bangkok Post.
Travel insurance premiums in the UAE have risen by 12% to 18% year-on-year on average as summer -- the peak season for international travel -- approaches.