nib Group completes travel insurance sales to Allianz Partners and IMG
nib Group completes the sale of its travel insurance businesses to Allianz Partners and IMG for $97.6 mn, with up to $10 mn deferred consideration
⛩️ Asia-Pacific Insurance News
Latest insurance news from Asia-Pacific insurers and regulators. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news from APAC region.
Blue Zebra launches Landlord Essentials insurance product
Blue Zebra launches Landlord Essentials, offering contents, rent default and landlord liability cover where building insurance is arranged separately
Emergence acquires Blue Zebra cyber insurance renewal rights
Emergence Insurance acquires Blue Zebra’s cyber renewal rights, adding its policyholders and cyber specialist Aaron Langmaid from July
Jio Financial and Allianz invest $66.6 mn in Jio Allianz General Insurance
Jio Financial Services and Allianz Europe invest $66.6 mn in Jio Allianz General Insurance to support the 50:50 joint venture’s operations
AM Best affirms Active Re ratings with stable outlook
AM Best affirms Active Re’s A financial strength and a issuer credit ratings with stable outlooks, citing capital strength and solid underwriting results
Star Health and Allied Insurance data breach case reaches Supreme Court
India’s Supreme Court refused to quash criminal proceedings against cybersecurity researcher Himanshu Pathak over the Star Health and Allied Insurance data breach case
Times Car data breach exposes 6.6 mn customer accounts in Japan
Times Mobility says a cyberattack exposed data from 6.6 mn current and former accounts, including ID images, addresses, phone numbers and email addresses
7 Korean banks hit by suspected AI-linked cyberattacks
Seven Korean financial firms report cyber breaches as customers consider lawsuits and police examine possible use of the open-source Artex AI hacking tool
Japan data breaches expose millions of customer records
Monogatari and Daiwa Securities report cyber incidents in Japan, potentially exposing data tied to more than 10 mn restaurant customers and 110,000 brokerage clients
Pneumonic plague fears in Russia: how serious is the risk to the rest of the world?
Fears of a possible plague outbreak in Russia have spread beyond Siberia after the death of a worker at an institute that studies Yersinia pestis, the bacterium responsible for plague
Earthquake strikes Victoria, shaking Melbourne – Geoscience Australia
A magnitude 4.8 earthquake struck near Leongatha in Victoria, shaking Melbourne and South Gippsland before a magnitude 3.1 aftershock followed
Greg Lui DOJ charges allege $300 mn Nvidia AI server smuggling
Greg Lui DOJ charges accuse the Earthmade Computer owner of routing over $300 mn in Nvidia AI servers to China through Malaysia and Singapore
FintechZoom.com Markets World Indices: Nasdaq leads global rebound
FintechZoom.com Markets World Indices track gains in the S&P 500, Nasdaq and European stocks as weak US jobs data shifts rate expectations
Chubb appoints Paul Jones as Head of Accident & Health, EMEA
Chubb appoints Paul Jones as Head of Accident & Health for EMEA, overseeing the insurer’s regional A&H business and growth across corporate and consumer markets
Jeff Bezos’ Earth Fund adds $25 mn to Pacific ocean conservation effort
Jeff Bezos’ Earth Fund adds more than $25 mn for Pacific ocean conservation as it works to distribute the remainder of his $10 bn climate pledge by 2030
Hanwha Life to acquire Acuon Capital for $323 mn
Hanwha Life will acquire 50.54% of Acuon Capital for $323 mn and invest $367 mn in Hanwha Investment & Securities
Life insurer TAL survey: 37% of Australians cancel social plans due to fatigue
Australian life insurer TAL finds fatigue, financial pressure and busy schedules prevent social connection, despite its importance for mental wellbeing
Bitget’s $357 mn crypto hack linked to North Korea, crypto theft tops $1 bn
Bitget’s $357 mn crypto hack is likely linked to North Korea, Elliptic says, pushing DPRK-attributed digital asset theft above $1 bn in 2026
Australia surcharge ban cuts credit card travel insurance perks
Australia’s card surcharge ban starts October 1 as banks raise fees, trim rewards and reduce travel insurance benefits to offset lower interchange income
Korea life insurance association brings AI into core operations
South Korea’s life insurance association is deploying AI for complaints, ad reviews, internal rules and licensing exam questions, with 17 use cases planned
Prudential Hong Kong launches AI underwriting tool with Alibaba Cloud
Prudential Hong Kong has launched an AI underwriting tool with Alibaba Cloud, providing preliminary guidance within minutes with over 95% accuracy
Australian EV demand rises to 31% in 2026 as running costs drive interest
EV consideration in Australia rose to 31% in 2026 as lower running costs, wider model choice and charging access reshape household buying decisions
Insurance Australia Group settles A$2.8 bn Credit Suisse claims over Greensill
IAG agreed to settle A$2.8 bn in Credit Suisse claims linked to Greensill insurance policies, with no material impact expected on FY2027 results
Airport strikes across Australia test travel insurance exclusions
Airport strikes across Australia put travel insurance exclusions under scrutiny as policy timing determines cover for delays, cancellations and extra costs
IRDAI proposes insurance distribution overhaul and lower expense caps
IRDAI proposes new insurance distribution rules covering commissions, lower EoM limits, mis-selling controls and a simpler three-tier structure
Saudi Arabia approved war-risk insurance pool for cargo and vessels
Saudi Arabia approved a national marine war-risk insurance pool led by Saudi Re to protect cargo, vessels and trade during geopolitical disruption
Hurricane watch issued for Hawaii as Tropical Storm Nolo strengthens
Hawaii’s Big Island is under a hurricane watch as Tropical Storm Nolo strengthens, with up to 35 inches of rain and major flooding possible
76% of New Zealand mid-sized firms faced cyber threats
NCSC research finds 43% of New Zealand SMEs feel vulnerable to cyber attacks, while 76% of firms with 20-49 staff faced threats or attacks.
New Zealand warns frontier AI will accelerate cyber threats by 2027
New Zealand’s NCSC says frontier AI is increasing cyber risk as serious incidents rise and criminals adopt AI for phishing, scams and reconnaissance
New Zealand’s NCSC names China as top state-backed cyber threat
New Zealand’s NCSC identified China as its most persistent state-backed cyber threat after 86 major cyber incidents showed suspected state links
OpenAI agent breached Australian Medicare portal, Anthony Albanese says
An OpenAI agent accessed non-public Medicare statistics files, prompting an Australian review after a nearly three-month disclosure delay
Multi-agent AI moves supply chains toward autonomous execution
Lenovo, Fujitsu, Kohler and others are testing multi-agent AI for supply chain execution, routing, inventory control and disruption response
Toyota estimates $6.4 bn annual robot spending from 2028
Toyota estimates factory automation could require 400,000 robots and about $6.4 bn in annual spending from 2028 across its plants and suppliers
Hanwha Finance deepens Abu Dhabi ties through digital asset partnerships
Hanwha Finance expands cooperation with Abu Dhabi across digital assets, stablecoins, payments and financial infrastructure under its Digital Asset Silk Road plan
Insurers face higher catastrophe risk as Pacific typhoon activity rises
Northwest Pacific typhoon activity is forecast 60% above average in 2026, raising catastrophe exposure across China, Japan, the Philippines and Vietnam
Hurricane Lowell may cause up to $1 bn in Hawaii damage
Hurricane Lowell passed west of Hawaii, bringing heavy rain and surf, with estimated damage of $600 mn and potential losses reaching $1 bn
Hormuz disruption threatens SMEs in global supply chains, UNCTAD says
UNCTAD warns Strait of Hormuz disruptions are raising energy, freight, insurance and financing costs, putting smaller businesses under pressure
AI stablecoin neobank Fasset raises $68 mn Series C at $1 bn valuation
Fasset raised $68 mn in a Series C led by SBI Group, reaching a $1 bn valuation three months after closing its $51 mn Series B
Square Insurance Brokers appoints Kapil Baraya to lead corporate lines
Square Insurance Brokers appointed Kapil Baraya as Head of Corporate & Commercial Lines, with responsibility for corporate insurance and life operations
Ping An Digital Bank launches export financing with credit insurance
Ping An Digital Bank launched export receivables financing with integrated credit insurance, offering up to 95% funding and facilities of $5 mn
Manulife Asia Insurance and Ant Health explore cross-border healthcare services
Manulife Asia and Ant Health signed an MOU to explore cross-border healthcare services, digital health tools and insurance technology in Asia
PB Fintech launches PB Pay payment aggregator in India
PB Fintech launched PB Pay in India, combining UPI, cards, net banking, wallets, EMI and recurring payments through a single merchant platform
Cathay Life joins Global Asia Insurance Partnership as Principal Partner in Asia
Taiwan’s Cathay Life joined the Global Asia Insurance Partnership as a Principal Partner to work on protection gaps and emerging insurance risks
Property catastrophe reinsurance prices fall at mid-year renewals
Property catastrophe reinsurance prices fell by double digits at June and July 2026 renewals as global reinsurer capital reached $790 bn
Global air cargo demand rises 6% as freight rates stay elevated
Global air cargo demand increased 6% year-on-year in August 2026, extending the strong summer performance recorded in July
Nepal floods could drive insurance losses above $132 mn
Nepal’s floods could produce more than $132 mn in commercial insurance losses, with hydropower projects expected to account for most claims
Insurtech bolt launches AI insurance distribution platform across all lines
bolt launched an AI insurance distribution platform connecting customer data, workflows and carrier access across personal, commercial and specialty lines
Gulf, Red Sea shipping insurance costs surge as war-risks rise
War-risk premiums climb for ships in the Persian Gulf and Red Sea as insurer appetite tightens and regional attacks reshape voyage costs.
India weighs health insurance reforms as medical inflation rises
India is reviewing health insurance reforms, including treatment-rate benchmarks and a claims exchange, as medical inflation runs near 12% to 14%
Allianz Global Investors buys UOB Asset Management to expand in Asia Pacific
AllianzGI will acquire UOB Asset Management for SGD 555 mn, lifting regional client assets above €170 bn and deepening South-East Asia reach
Autonomous mobility race splits US, China and Europe
US robotaxi growth, China’s state-backed rollout and Europe’s transit-first strategy show three different routes to autonomous mobility
Allianz buys HSBC Singapore insurance arm for $2.7 bn
Allianz will buy HSBC’s Singapore insurance unit for $2.7 bn and enter a 15-year distribution deal in the Asian wealth hub
US telecom data center links exposed Salt Typhoon risks
House China panel says US telecom links to data centers left carriers exposed to Salt Typhoon and Chinese state-owned infrastructure
Steadfast extends exclusivity for Amwins and Dragoneer’s $5.41 bn takeover offer
Steadfast extends exclusivity for Amwins and Dragoneer’s A$7.7 bn takeover offer as due diligence nears completion
Verisk estimates Kumamoto earthquake insured losses at $2.1 bn
Verisk estimates insured losses from the July 28 Kumamoto earthquake at JPY 220 bn to JPY 340 bn, or about $1.4 bn to $2.1 bn
Munich Re Specialty launches Japan earthquake cover
Munich Re Specialty launches parametric earthquake insurance in Japan through Lloyd’s Japan, targeting corporate liquidity after seismic events
Red Sea war insurance premiums rise after Houthi blockade threat
War risk premiums for Red Sea shipping rose after Yemen’s Houthis threatened a naval blockade on Saudi Arabia, raising risks for oil and trade routes
Cross-border eVTOL insurance clears Hong Kong hurdle – Yivtol secured the first policy
Yivtol secures Hong Kong-compliant eVTOL cover underwritten in Shenzhen, giving its S-Zero aircraft access to the city’s aviation market
Dubai airline returns slow as war insurance tightens
Dubai Airports says some European carriers face insurance hurdles as US-Iran strikes and travel advisories keep Gulf routes under pressure
Asia-Pacific insurance M&A slows despite India and Malaysia deals
India and Malaysia posted large insurance M&A deals in Q2, though Asia-Pacific activity fell to its lowest level in five quarters
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities
Insurance brokers push debt-financed acquisitions amid slowing growth, Fitch warns credit risks rise but strong cash flow keeps leverage tolerable
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges