Australia: Insurer handed biggest penalty of around US$27m over pricing discount failures

Published on July 3, 2023
Insurance Australia Limited (IAL), wholly owned by Insurance Australia Group Limited (IAG), has been penalised A$40m ($26.65m) by the Federal Court for failing to honour discount promises made to
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Asia: Health insurance opportunities abound in the region

July 3, 2023
The health insurance space in Asia today is defined by a number of realities that point to opportunities for creating a winning model for health insurance, says the global management consulting

India: Average health insurance claim amounts to over US$500

July 3, 2023
The average amount of health insurance claims in India is INR42,000 ($512), reveals a study by tech-enabled insurance broker SecureNow.