Value of world’s top 100 insurance brands declines in 2021

The total value of the brands declined by six per cent, decreasing from US$462.4 billion in 2020 to $433 billion in 2021, according to the Brand Finance Insurance 100 2021…

Insurer’s forum to address how to meet customer needs

The Chartered Insurance Institute (CII) has created a President’s Forum to explore customer needs that are not currently being fully met by the insurance profession

UK insurers criticise FCA’s fast-approaching pricing reform deadline

Alarm bells ring across the insurance industry following the UK Financial Conduct Authority’s (FCA) new pricing reform update, which firms are expected to be fully compliant with by the end…

Is a Generali-AXA merger on the cards?

Reports suggest that a deal is being negotiated, which will see Generali acquire AXA’s non-life insurance operations in Malaysia

General insurance industry to grow In Australia

Despite the economic impact of the Covid-19 pandemic, and the extreme bushfires, the industry is expected to grow at a compound annual growth rate (CAGR) of 5.1 per cent between…

South Korea to increase access to digital insurance platforms

The Financial Services Commission (FSC) is in the process of drafting a policy framework to enhance the insurance market in the region

More consumers willing to share data but trust in data security falls

The number of consumers willing to share significant data on their health and other lifestyle-related habits with their insurer to reduce premiums has grown over the past two years, but…

IRDAI issues regulations on insurance advertising

The governing body wants to ensure that insurers and intermediaries adopt fair, honest and transparent practices while advertising to the general public

Covid-19 changes what consumers want from insurers

Covid-19 has changed what consumers consider most important when purchasing an insurance policy

Regulatory hurdles push up costs for majority of insurers

Regulatory barriers to digitalisation have resulted in additional costs for 60 per cent of insurers during Covid-19 lockdowns, with 50 per cent of insurers reporting lost sales and/or operational impacts

India: health insurance and mobile data rolled into one

The latest innovative concept is just one of the many insurance offerings helping to facilitate India’s success in the global insurance market

Google launches cyber insurance cover

The tech superfirm has teamed up with Allianz and Munich Re to offer ‘specialised and enhanced cyber insurance designed exclusively for Google Cloud customers’

Aviva France sold to Aéma Groupe

Aviva’s strategic transformation to focus on its strongest businesses in the UK, Ireland and Canada has taken a major step forward with the sale of Aviva France to Aéma Groupe…

AXA and FCA Bank partner for insurance distribution

FCA Bank and AXA Partners have renewed their partnership for the distribution of insurance products included for the purchase of a car

AIG reports profit losses

The US insurer said it had fourth-quarter underwriting losses of US$178 million tied to Covid-19, primarily related to travel insurance