Insurance
Income Insurance debuts in AltaX
Income Insurance shareholders can sell their shares to Phillip Securities.
Income Insurance debuts in AltaX
Income Insurance shareholders can sell their shares to Phillip Securities.
Health insurers show mixed profit margins in Q4’23
There was a noticeable decrease in market capitalisation noted from Q4’22 to Q4’23.
PICC P&C posts mixed Q1’24 results, eyes stability
Even with a 5% QoQ improvement in investment income, it still saw a 36% YoY decline.
Chinese life insurers cut projections amidst low-interest concerns
Insurers reduced pricing interest rates on traditional products, aiming to lower guaranteed liability costs.
DUAL Australia expands with new insurance line
There are insurable limits of up to $150m per policy available.
Japan's property insurers stay afloat post-earthquake – GlobalData
Economic losses are estimated between $8.6b to $20.3b.
Indonesia lifts sanctions on PT Independen Pialang Asuransi
The broker was able to obtain approval from the authority.
China intensifies healthcare probes over insurance fund concerns
It will be focusing on detecting improper fund usage in critical care,
Medical insurance tops SME employee benefits: Prudential
Whilst pay was cited as the top factor to remain in their job, the survey also noted the importance of non-financial benefits for SME workers.
China launches seven-month crackdown on industry fraud
Since 2021, the nation’s police have uncovered almost 2,000 insurance fraud cases.
India’s terrorism risk pool pays high for 18 claims last year
Limit of Indemnity is capped at INR20b per risk/location.
AIA Singapore unveils wealth centre at Six Battery Road
Clients can access a panel of experts in legal, tax, and trusts.
Vietnam’s insurance giants armour up for tech challenges
Insurers adopting digital tech eye double-digit growth.
UAE Insurers see 19% revenue growth amidst IFRS 17 shift
AM Best expects consolidation from weak underwriting performance and higher costs.
Manulife, Standard Chartered expand 2016 ties
Manulife will gain access to the bank’s clientele.
Roojai plans to become full-stack digital insurer with acquisition
In July 2023, Roojai acquired FWD General Insurance.
Health and safety overtake cyber risks in corporate concerns – Clyde & Co.
86% of directors and officers consider health and safety more important.
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Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong
![Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong]()
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The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
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Firewalls are never enough