The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive making it mandatory for all life, general and stand-alone health insurers to provide a minimum level of coverage in villages or gram panchayat. The objective is to realise the vision of "Insurance for All" by 2047.
Growth in Malaysia's general insurance market is expected to rebound in 2024, said data and analytics company GlobalData.
New nationwide research from insurers AMI, State and NZI reveals that climate concerns have grown to the point that 86% of people would now consider climate risk when choosing a home, compared to 55% only two years ago, said IAG New Zealand.
Total premium production of insurance companies in the January-March period of 2024 increased by 91.8%to TRY199.3bn ($6.15bn) in nominal terms compared to the corresponding quarter of last year, according to data compiled by the Insurance Association of Turkiye (TSB) from member companies.
Pune-based online insurer Go Digit General Insurance (Go Digit) has announced that it has fixed the price range for its initial public offer (IPO) at INR258 ($3.09) to INR272 per equity share.
Ping An Insurance Group Co, China's biggest insurer by capitalisation, sold 5.65m shares in HSBC Holdings on 7 May at an average price of HK$69.3074 ($8.87) per share.
The financial data of 79 unlisted property and casualty insurance companies that have published their 1Q2024 solvency reports show that they posted a combined net profit of CNY2.03bn ($281.5m) in the first three months of this year.
The National Financial Regulatory Administration (NFRA) has granted approval to Shenzhen BYD Property Insurance to adopt statutory automobile liability insurance (SALI) terms and premium rates in eight markets in China.
Over the medium to long term, substantial growth in the property and casualty reinsurance in the APAC region continues to be anticipated, says Hannover Re in its outlook on the sector.
The pre-tax profit of insurance companies in Taiwan for the first three months of this year stood at NT$105.3bn ($3.25bn), according to data released by the Financial Supervisory Commission (FSC).