Australian financial ombudsman tells Suncorp to scrap 60% home premium hike: report
October 22 2024 by InsuranceAsia News
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Just the tip of a liability iceberg as PFAS risks become apparent, but legal reform roadblocks remain
- March 17
Firms are set to be drawn into litigation, but changes to the law in Australia are unlikely as they could potentially open the government to significant risks, according to a Sydney-based lawyer.
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‘Milestone’ with Fairfax-backed Valueattics Reinsurance set to become India’s first private reinsurer
- March 14
Backed by Go Digit founder Kamesh Goyal’s Oben Ventures LLP and FAL Corporation, a subsidiary of Indian-born Canadian billionaire Prem Watsa’s Fairfax Financial Holdings, company will begin operations with paid-up capital of US$23m.
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‘We will act’: Opposition leader Peter Dutton clarifies policy on breaking up big insurance companies
- March 13
Prime Minister Anthony Albanese also weighs in on this issue, agreeing that insurance companies are 'ripping off' Australians.
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Korean regulator to relax insurers’ capital adequacy requirement to 130-140%: report
- March 13
The move will help lower financial burden for insurers, apart from raising their capital base.
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Allianz Life Malaysia | Reaching for excellence through empowering people
Fostering strong customer relationships, nurturing community well-being and championing employee development through innovative insurance solutions to shape a brighter shared future for all.
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WTW | Navigating a complex world with endless possibilities
Living with rising uncertainty from new and emerging risks can be turned into strategic opportunities for businesses.
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AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
