Browsing: Insurance industry

Insurance broker Stephen Carey’s commitment to volunteering with Foodbank Queensland highlights the growing importance of charity work in Australia’s insurance industry

MetLife Bangladesh paid out Tk2,895 crore in insurance claims in 2024, maintaining a strong claims settlement ratio of 97.79%, according to data from the Insurance Development and Regulatory Authority (IDRA).

South Korean financial authorities are introducing new regulations to ensure the soundness of insurance companies, including stricter capital requirements and accounting standards.

The shutdown of NOAA’s disaster database has insurers scrambling for alternative data sources, potentially increasing costs for policyholders

Lifenet Insurance Company’s annualized premium reaches 34,674 million yen in April 2025, driven by a 220% surge in group credit life insurance premiums.

UK insurers paid a record £226 million in weather-related home insurance claims in early 2025. Across the Atlantic, Texas homeowners face a 43% surge in insurance premiums since 2023. The insurance industry is buckling under climate-driven disasters, making coverage unaffordable or unavailable in high-risk areas.

Farmers National Insurance announces Matt Parise as its new president, succeeding Ben Bowers who retired in Q4 2024. Parise will lead insurance strategy and business expansion.

Manulife Financial Corporation’s Q1 2025 core earnings dip 1% to CA$1.8 billion, with varied performance across business segments

F&G Annuities & Life Inc released its Q1 2025 earnings, reporting a net loss of $25 million despite achieving record assets under management of $67.4 billion.

China’s top five listed insurance companies reported a combined net profit of CNY84.18bn in Q1 2025, with a ‘three up, two down’ pattern in performance.