The exact details of the deal has not been disclosed by either...
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Emirates to ban use of power banks aboard its flights
The airline said the “significant growth” in customers using power...
Howden Re strengthens regional presence with Dubai license
Howden Re’s expanded Dubai operations will build on its current...
InsuranceDekho partners with LIC
Insurtech InsuranceDekho has partnered with Life Insurance Corporation of India (LIC) to sell the corporation's products on its platform. Ankit Agrawal, CEO, and Co-founder, InsuranceDekho, said, “We will leverage the best technology, POSP partner practices, and...
Medi Assist acquires majority stakes in UK-based healthcare company Mayfair
Satish Gidugu, CEO, Medi Assist said,“ With Indian corporates expanding internationally and international travel on the rise, demand for international health insurance is witnessing tremendous growth. With this new alliance, we aim to provide services beyond Indian...
“APAC Cyber markets to become more buyer-friendly as new capacity becomes available and rates continue to stablise”
In an exclusive interview with Asia Insurance Post, Adam Peckman, Head of Cyber Solutions – Asia Pacific and Global Head of Cyber Risk Consulting – Cyber Solutions, Aon,speaks about the emerging trends in APAC Cyber Insurance markets What is the size of Cyber market...
ESG will increasingly influence insurers’ strategies: Fitch
Large weather-related losses for property and casualty (P&C) insurers highlight increasing environmental physical risks many experts link to climate change. In response, we expect P&C (re)insurers to increase premium rates and, in some cases, pull back from...
Insurance for Ukraine grains shipments cut after Russia suspension -sources
Ships entering the three ports, which have been part of the agreement, are usually required by their banks to have various insurance policies in place including hull and cargo war cover, which is renewed every seven days London: Insurers are no longer offering new...
Lockton Asia appoints Ben Son as Korea CEO
"Combining the teams' expertise, reputation, relationships, and revenue, will result in continued acceleration of Lockton Korea's growth trajectory and position as a leading insurance brokerage," said Juyeol Lee, President of Lockton Korea SEOUL: Lockton, the world's...
Global investments in InsurTechs fall 2.5% to $2.35 billion in Q2 2022
In this most recent quarter, 53.5% of all disclosed APAC funding went into India-based InsurTechs, which raised an impressive $210.76 million. In terms of all deals ever completed, InsurTechs from 18 APAC countries have raised $7.77 billion through 447 deals , which...
Bima Sugam to be game changer for insurance sector: IRDAI Chief
"So it's like a shopping mall. So you go and shop there. And as far as the KYC is concerned, the moment you enter the portal, type your Aadhaar number, the data will auto populate. The KYC will be done through your Aadhaar number which will be masked for security...
IRDAI forms panel to design a women centric distribution channel and parametric cover for rural population
The committee within 21 days will also explore and recommend on how to bring about synergies in the working and operations of Bima Vahak, Bima Vistaar and the digital platform – Bima Sugam Hyderabad: As the IRDAI is taking up various regulatory reforms towards...
Miller appoints Matthew Hooker as regional Head of Energy for Asia-Pacific
Matt’s appointment forms part of Miller’s wider growth strategy in the region and follows recent senior hires to the Singapore team, including Ron Whyte as Head of Strategic Development and Nick King as Head of Marine London: Miller, the leading independent specialist...