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A report by Australia-based analytics consulting firm Finity Consulting Pty. Ltd. said that the COVID-19 pandemic, natural disasters and tumultuous financial markets have hit the local insurance industry's profitability hard, Paint and Panel reported. For the financial year ended June 30, gross written premiums grew 5%.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees