2+ week, 1+ day ago  (112+ words) The transaction still needs regulatory approval in Australia and New Zealand. Allianz Partners has signed an agreement to acquire a major portion of nib Group's travel insurance portfolio in Australia and New Zealand." The financial details of the deal have…...

2+ week, 6+ day ago  (170+ words) Ping An said the service shifts insurance toward full-lifecycle health support. Ping An Insurance has launched a new health management service brand, "Ping An Home", as part of its strategy to expand services beyond traditional insurance coverage and meet growing…...

2+ mon, 2+ week ago  (329+ words) APRA warns coverage gaps will hit 25% by year 2050. Australian home owners are currently facing a deepening underinsurance crisis as a combination of high inflation and frequent extreme weather events drives home insurance premiums beyond the reach of many households." A…...

2+ mon, 4+ week ago  (238+ words) Lithium-ion threats expose valuation gaps in homes. Insurers in Singapore are overhauling home insurance models as lithium-ion battery fires emerge as a high-impact risk, exposing gaps in coverage and forcing a rethink of pricing and policy design. Andrew Lim, Chief…...

2+ mon, 4+ week ago  (269+ words) Property and casualty carriers are also projected to post a 12. 9% rise this year. The insurance industry will likely have the largest increase in information technology (IT) budget spending this year, as financial institutions are entering 2026 with competing technology priorities. The…...

3+ mon, 3+ week ago  (563+ words) This is based on the recent data released by the Insurance Authority for the 2024 fiscal year. Hong Kong's 50 biggest insurers posted weaker results in 2024, with total premiums declining as softer savings inflows and tougher competition weighed on the market, even…...

4+ mon, 2+ week ago  (170+ words) IA confirms 1, 032 claims closed but inspections stall final 156 cases. Hong Kong's Insurance Authority (HKIA) said most insurance claims linked to the Wang Fuk Court fire have been processed, with insurers completing 85% of all cases so far. The regulator said 1, 032 claims…...

11+ mon, 1+ week ago  (208+ words) Insurance uptake in Singapore has declined as inflation continues to strain household budgets, according to the latest Sun Life Asia Financial Resilience Index." The study, which surveyed 1, 000 individuals in Singapore, found a 19% drop in the number of people with life…...