The new chief of Insurance Development and Regulatory Authority (IDRA) of Bangladesh has said that the settlement of unpaid claims totalling around BDT70bn ($568m) will be her top priority, according to a news report in the financial daily, The Financial Express.
A new study by NRMA Insurance and Australian Red Cross has revealed significant gaps in household emergency plans. The study has also found that most parents lack the basic preparedness needed to respond effectively in a crisis.
The Employers Confederation of the Philippines (ECOP), the largest employers' group in the Philippines, has backed Executive Secretary Ralph Recto's proposal to expand benefit packages for direct contributing members of the country's state insurer, PhilHealth.
The Insurance Council of Australia (ICA) will hold insurance consultations later this month for policyholders in Port Pirie affected by the severe storms that struck the region in late November 2025. It said this will allow residents to meet face to face with representatives from multiple insurers to discuss existing claims or lodge new ones as recovery efforts continue.
Australia's cyclone pool now reinsures approximately 3.2m properties, representing more than A$2.4tn ($1.68tn) in building exposure across Australia.
The Thai Life Insurance Association is collaborating with the Ministry of Public Health to upgrade services that aim to provide patient care according to international standards and ensure accurate and prompt claims processing.
The first half of 2026 marked the fifth consecutive quarter without a single insured CAT loss exceeding $10bn, reflecting a period of relatively benign loss activity for the global insurance industry.
A new study by Aon has revealed that transaction risk products, including warranty and indemnity (W&I) insurance and standalone tax liability insurance, continue to be a key consideration in Asia dealmaking.
Markel Insurance, the insurance operations within Markel Group, has appointed Ms Sarika Sagar Gadekar as Claims Adjuster, based in Mumbai, India; and Mr Tan Weng Fatt as Senior Underwriter for Casualty, Malaysia.
Implementation guidelines for insurance experts have been prepared for the latest regulation on mandatory motor third-party liability insurance (also called traffic insurance), according to Mr Ahmet Nedim Erdem, Chairman of the Executive Committee of Insurance Experts of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB).