Insurers in APAC region grow revenue due to Covid

The Covid-19-induced rise in demand for life and health insurance helped Asia-Pacific (APAC) public insurance companies report a year-over-year growth of around 2.5 per cent in 2020, according to GlobalData...

Insurers respond to floods in New Zealand

Following severe weather that has left many parts of West Auckland under water, the Insurance Council of New Zealand (ICNZ) – Te Kāhui Inihui o Aotearoa – confirmed that insurers...

Insurance product governance rule compliance concerns

Insurance firms operating in the UK market may not be ready to implement new product governance rules there to ensure insurance provides fair value, according to a review from the...

ELEMENT and Parametrix launch cloud outage insurance in Europe

With international companies around the world, whether in insurance, healthcare or travel, now relying on cloud storage, the need for insurance against failure of this kind of data storage has never...

Insured losses from Europe flood could reach €6.5 billion

Catastrophe risk solutions company RMS has estimated that insured losses from the Western and Central Europe flooding that occurred in July will likely range between €5 billion and €6.5 billion...

Japan’s insurance industry expected to grow

The general insurance industry in Japan is projected to grow from JPY11.1 trillion in 2020 to JPY12.6 trillion in 2025, in terms of gross written premiums (GWP), according to GlobalData