Regulation costing insurance customers in Australia up to A$3.5bn annually

Published on November 10, 2025
Regulations cost the Australian insurance customers up to A$3.5bn each year and this has a major impact on productivity according to a new report by the Insurance Council of Australia (ICA).
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Saudi Arabia: Weak pricing and drop in investment income keep profitability under pressure

November 9, 2025
Profitability in the Saudi insurance market has been volatile over time, with competitive pressures driving frequent changes in the pricing cycle, said Moody's Ratings.

AM Best rates new Labuan based Chinese reinsurer Zhibao Re

November 10, 2025
AM Best, the credit rating agency, has assigned Zhibao Labuan Reinsurance Company Limited (Zhibao Re) of Malaysia a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good), with a stable outlook.According to AM Best, these ratings reflect the company’s strong balance sheet, adequate operating performance, limited business profile, and sound enterprise risk mana