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Claims tag returned 293 results

  • Philippine crop insurance to use GCash for farmer payments

    The Philippine Crop Insurance Corp. (PCIC) has partnered with G-Xchange to allow farmers to receive indemnity payouts directly through GCash.

    Asia | 04 Feb 2025
  • Indonesia: Regulator calls for greater standardisation within industry

    The Indonesian Financial Services Authority (OJK) has asked the insurance associations in Indonesia (AAUI and AAJI) to develop standardised policy wordings. This was in response to the Constitutional Court decision relating to Article 251 KUHD, which makes an insurance company no longer able to unilaterally cancel claims.

    Asia | 31 Jan 2025
  • UAE: Majority of insurance claims from April 2024 settled

    A vast majority of insurance claims from the rains and resultant flooding in the UAE has been settled.

    Middle East | 29 Jan 2025
  • Tibet earthquake: $4.9m in insurance payouts

    On 10 January, the China Financial Regulatory Administration (CFRA) reported that after a 6.8-magnitude earthquake struck Dingri County in Shigatse, Tibet, the CFRA quickly activated an emergency response.

    China | 17 Jan 2025
  • Tunisia: Market volume up 11% by end of 3Q2024

    The insurance market in Tunisia managed to score double digit growth in the first three quarters of 2024, according to the General Insurance Authority (CGA).

    Middle East | 13 Jan 2025
  • Nepal: People affected by floods file insurance claims to the tune of $94m

    Nepalese people affected by the devastating floods and consequential landslides that followed incessant rains in the country on 26 September 2024 have filed insurance claims worth NPR12.87bn for damages caused by the natural catastrophic events.

    Asia | 09 Jan 2025
  • Asia: Sedgwick announces new appointments

    Sedgwick has appointed Mr Cameron Lee as CEO for Taiwan; Mr Huoo-Lian "Andy" Liou as chairman for Taiwan; Mr Shuji Tanaka as CEO for operations for Japan and Mr Takeshi Nagao as chairman for Japan.

    Asia | 07 Jan 2025
  • India: Over 50% health insurance claims were rejected or only partially approved

    A survey by LocalCircles India has revealed that the Indian health insurers over the last three years either rejected or approved only partially over 50% of the health insurance claims submitted by health insurance policyholders.

    Asia | 07 Jan 2025
  • India: Life insurers hold over INR200bn in unclaimed insurance amount

    Indian life insurance sector as of 31 March 2024 held unclaimed amounts totalling INR200.62bn ($2.35bn) according to the Insurance Regulatory and Development Authority of India (IRDAI). According to IRDAI annual report for 2023-24 unclaimed amounts of life insurers at the beginning of the financial year 2023-24 was INR222.37bn.

    Asia | 06 Jan 2025
  • Morocco: ACAPS to expand activities of insurance intermediaries soon

    The Insurance and Social Security Supervisory Authority (ACAPS) is preparing to expand the scope of activities of insurance intermediaries, that would mark a major turning point for them as the regulator integrates related services such as payment, administrative management on behalf of third parties and claims management, with broking services.

    Middle East | 17 Dec 2024