Australian insurer TAL paid out A$4.7bn ($3bn) in claims over the last financial year (31 March 2024 to 31 March 2025) to 54,000 customers, according to figures released. Living insurance, including income protection and total and permanent disability cover, accounted for 74% of the total claims paid.
Halliwell, a forensic and technical consultancy, has expanded its services in APAC following the acquisitions of IMPARTA Engineers, an insurance-focused technical engineering and structural diagnostics consultancy, and asset purchase of du Chateau Chun, a firm of specialist building regulation, code and compliance advisors.
Insurers in Australia have already received 3645 claims as per the latest tally from the Insurance Council of Australia (ICA) even as the floods in the country's Mid North Coast and Hunter and Greater Sydney regions of New South Wales continue to rage.
Foreign residents in Japan may have to pay their National Health Insurance premiums in advance according to a new proposal by the country's ruling Liberal Democratic Party (LDP). The LDP's proposal has called for introducing a system of prepayment at the time of enrolment for the foreign residents in the country.
Recently, a severe hailstorm struck multiple areas in Beijing, with reports of hailstones exceeding 3cm in diameter and causing significant property damage. Ping An P&C, a subsidiary of Ping An Insurance, launched its emergency response plan, coordinating resources across risk control, claims, and product teams. The company mobilized over 2,000 personnel from 38 branch offices for remote support and dispatched 43 claims experts from provinces including Hebei, Shandong, Henan, and Liaoning to assist with disaster response.
To date, the Australian Reinsurance Pool Corporation (ARPC) has received 9,399 cyclone claims, with a total incurred value of A$121m ($77.9m), according to released statistics. The cyclone pool, which ARPC operates, targets support to cyclone-prone areas.
The General Insurance Association of Japan (GIAJ) has released the figures for claims paid out regarding the 2024 Noto Peninsula Earthquake. The earthquake occurred in January 2024.
IAG's Intermediated Insurance Australia (IIA) business announced these new appointments, in alignment with the repositioning of its division to improve responsiveness and uplift service experience:
Canopius has appointed to its APAC leadership team Ms Chiu Channing as regional strategy and transformation lead and Mr Zhang Chen as head of claims, APAC.
Indians in the age group 25-35 are most likely to opt for and use mental health insurance benefits according to a recent analysis by Indian insurance online platform PolicyBazaar.com.