Indonesia: Non-life insurers see 6% increase in premiums in 1H while claims paid rise twice as fast

Published on August 28, 2023
The general insurance industry posted total premium income of IDR48.90tn ($3.2bn) in the first half of 2023, an increase of 6.2% year on year (yoy), according to the Indonesian General Insurance
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Hurricane Idalia forecast to near Gulf coast of Florida by mid-week

August 27, 2023
The coming week is set to feature the first hurricane threat to Florida of the 2023 Atlantic hurricane season, as tropical depression ten is forecast to steadily intensify, move into the Gulf of Mexico and approach the Gulf coast of Florida as hurricane Idalia by Wednesday.The insurance, reinsurance, catastrophe bond and insurance-linked securities (ILS) market will be watching the models and fore

India: State-controlled insurers to wait another year for news of capital injection

August 28, 2023
State-run general insurance companies are unlikely to receive any capital infusion from the government in the current fiscal year ending 31 March 2024 (FY2024), a senior finance ministry official has