City of London Corporation to host inaugural Global Risk Summit & more…Keep up with what has been happening this week in our latest insurance news round-up…

Taiwan’s life and non-life insurers thrive as profits surge

Taiwan’s Financial Supervisory Commission has disclosed financial data for the country’s insurance sector as of October 2024, showing notable increases in both pre-tax profits and owners’ equity across life and non-life insurance businesses.

Australia general insurance industry to surpass $95 billion by 2029, forecasts GlobalData

The Australian general insurance industry is set to grow at a compound annual growth rate of 9.2% from AUD103.1 billion in 2025 to AUD146.9 billion in 2029, in terms of direct written premiums, forecasts GlobalData.

City of London Corporation to host inaugural Global Risk Summit convening the UK’s world-leading insurance industry

The City of London Corporation has announced that it will host its inaugural Global Risk Summit in London on 21 May 2025.

Insurers turn to facultative reinsurance as a strategic tool amid shifting market dynamics, according to WTW

Facultative reinsurance is increasingly seen as a core element of risk management strategies. However, insurers may face significant barriers accessing capacity as supply continues to fluctuate with cyclical market forces according to the Facultative Reinsurance Report 2024 published today by WTW.

Canada Life International achieves top financial strength rating from AKG

Canada Life has been awarded a financial strength rating of ‘Superior A’ – the highest accolade possible – across each of its international life companies, from the financial analytics and independent ratings specialist, AKG.