Etiqa Insurance Singapore will extend support to its travel insurance customers who have been impacted by the impending closure of Jetstar Asia airlines.
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.
Australia's Cyclone Reinsurance Pool (cyclone pool) has released an updated summary following cyclone Alfred, which brought rainfall and destructive winds to communities in southeast Queensland and northern New South Wales.
Insurers have eased the claims settlement process for families of victims of the Air India plane that crashed in the Indian city of Ahmedabad on 12 June.
Etiqa insurance Singapore will provide cover for affected travel insurance customers and has included the claim submission period from 30 to 90 days to help customers better manage their travel disruptions
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.
The Australian Prudential Regulation Authority (APRA) has proposed to allow reduced capital requirements for annuity products in return for enhanced risk management by life insurers, including closer matching of assets and liabilities.
Singapore Reinsurance Corporation (Sing Re) has secured the reinsurance branch licence by the International Financial Services Centres Authority (IFSCA) to operate as an IFSC Insurance Office (IIO) in India's Gujarat International Finance Tec-City (GIFT City).
Insurance policyholders in Indonesia will be required to cover at least 10% of the total outpatient or inpatient claims incurred at medical facilities, according to new rules set by the Financial Services Authority (OJK) to implement risk-sharing between insurers and policyholders. The new stipulation will come into effect from 1 January 2026.