Liability insurance has long been a blight on the mainland Chinese insurance industry, with market players generally facing underwriting losses and rising claims costs.
The financial protection gap for critical illnesses is widening, even as employers and insurers step up preventive care efforts and introduce cost-sharing measures to help manage rising treatment costs, according to a report released by Aon.
Small business insurance premiums have risen by up to 60% since 2019, says the Insurance Council of Australia (ICA), which warns that outdated liability laws, ballooning legal costs and government red tape are pushing up costs.
Cambodia's insurance regulator, the Insurance Regulator of Cambodia (IRC), has called for greater enforcement and public awareness of compulsory insurance.
The Insurance Council of Australia (ICA) has called for structural reform of the Compensation Scheme of Last Resort (CSLR) to address its growing funding pressures, more effectively protect consumers and improve the sustainability of the Scheme.
The CEO and Chairman of Alliance Assurances has proposed that mandatory insurance requirements be extended from Nat CAT to fire, liability and transport.
The Malaysian Medical Association (MMA) has said that doctors awaiting their 2026 Annual Practising Certificates (APC) will remain fully covered for professional indemnity during the interim period till they receive their APC.
Insurers in South Korea have tightened the liability insurance protocol, as fires and related mishaps involving electric vehicles (EVs) continue to rise in the country.
The Hong Kong Insurance Authority (HKIA) has introduced a new legal framework that permits the city's 158 licensed insurance companies to invest their significant capital in cryptocurrencies and infrastructure projects.
Vitarich Corp. announced on Monday that it has signed a PHP400m ($7.1m) compromise agreement with AXA Philippines Life and General Insurance Corp to resolve a long-standing dispute related to damages from Typhoon Ondoy in 2009.