Bangkok  – Following the recent powerful earthquake that struck several parts of Thailand, including Bangkok, the insurance industry is gearing up to reassess its approach to natural disaster coverage. Insurers are now set to discontinue free earthquake coverage and...

Myanmar’s recent 7.7 magnitude earthquake has left the nation reeling, with over 1,600 fatalities, thousands injured, and entire communities devastated. The tremors were felt as far as Bangkok, Thailand, leading to building collapses and widespread panic. The destruction is...

Bangkok (The Nation Thailand) – The Thai insurance sector is assessing damages exceeding one billion baht following the collapse of a partially constructed State Audit Office (SAO) building due to the recent earthquake that struck Myanmar on March 28,...

Singapore (CNA) — An online tool designed to help Singaporeans compare health insurance premiums and plans across different providers. The new Health Insurance Planner (HIP) also aims to help users better understand the long-term MediSave and cash expenses required...

Kathmandu  – The adoption of the artificial intelligence (AI) model DeepSeek by insurance companies in mainland China has the potential to improve operational efficiencies, particularly for small to medium-sized carriers, according to a new commentary from AM Best. While...

New Delhi (ANI) – The demand for electric vehicle (EV) insurance in India has witnessed a remarkable 16-fold increase over the past three years, with Delhi-NCR emerging as the market leader with an 18.3% share, according to internal data...

Jio Financial Services, part of the Reliance Group, has reportedly reached a preliminary agreement with Germany’s Allianz SE to establish an insurance business in India, according to Bloomberg News. This development follows Allianz’s decision earlier this week to sell...

Hongkong  – The Hong Kong Insurance Authority (IA) has issued a public warning about a fraudulent website falsely claiming to represent AIA International Limited, an authorized insurer in Hong Kong. The website appears to be designed to steal customer...

Frankfurt (Reuters) – Munich Re has signed a definitive agreement to acquire NEXT Insurance for $2.6 billion, making it part of ERGO, Munich Re’s primary insurance arm. The acquisition marks a significant expansion into the US small and medium-sized...

Beijing/Shanghai (Reuters) – Ping An Insurance (Group) Co of China Ltd has reported a 47.8% increase in net profit for 2024, driven by strong performance in its life and health insurance business as market demand rebounded. The company posted...