South Korea: Higher claim frequency to pile pressure on credit & guarantee insurer's combined ratio

Published on December 12, 2023
Seoul Guarantee Insurance Company's (SGI) combined ratio is likely to increase on higher claim frequency as a result of high interest rates and reductions in government assistance after the COVID-19
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Australia: Non-life insurance giant report calls for disaster risk to be included in land planning decisions

December 12, 2023
IAG, Australia's largest general insurer, has released a report calling for disaster resilience to be a greater consideration in all land planning decisions to reduce disaster risk in communities

India: LIC to infuse Rs 25 crore into its subsidiary LIC MF Asset Management

December 12, 2023
State-owned Life Insurance Corporation of India (LIC) yesterday announced that its board had approved the injection of INR250m ($3m) into its subsidiary, LIC Mutual Fund Asset Management (LIC MF).