Insurance
Munich Re projects $2b net profit in Q1’24
It forecasts a net profit of €5b for the year, 9% higher than 2023.
Munich Re projects $2b net profit in Q1’24
It forecasts a net profit of €5b for the year, 9% higher than 2023.
United Overseas Insurance revenue rises 6% YoY in Q1’24
The company saw its net earnings reach $8m during the quarter.
Korean insurers immune from overseas CRE decay: Fitch Ratings
Fitch believes robust capitalisation will enable insurers to absorb shocks from losses.
MS Amlin onboards Moody’s RMS
MS Amlin will utilise Moody’s cloud-native applications for underwriting, capital and pricing.
India's life insurers' new business grows 2% YoY FY’24
29.2 million policies were sold during the year.
AIA launches new health plans in Greater Bay Area
The three new plans offer compensation, home visits, and outpatient coverage.
Chubb witnesses 13.3% net income surge in Q1’24
The group saw strong results in its commercial and consumer P&C and Asia life businesses.
Veteran DBS banker joins Kairos
Stephen Lee has more than 30 years of experience in the industry.
Manulife’s Genesis offers long-term wealth transfer
The plan promises up to 4.29% TIRR in 10 years.
QBE Asia taps new business development lead
Jordan Steward carries about eight years of experience in the industry.
Ping An’s profit dips in Q1’24
Earnings per share were down 4.6% for the quarter.
Thai-based Sunday acquires Indonesian insurer
Sunday now holds a 99% stake in PT KSK Insurance.
Singlife and Doctor Anywhere launch subscription plan for self-employed
The partnership is set to benefit about 310,000 self-employed individuals.
Chubb acquires Healthy Paws
It is acquiring the pet insurer from Aon.
China Life Insurance’s NVB could see 17% YoY growth: Nomura
Net profit, on the other hand, could contract 15% YoY.
Swiss Re to roll out AI tool for better decision-making
The initiative is set for a broader rollout later in the year.
Hong Kong and Macao discuss cross-market insurance issues
Discussions included topics such as the sale of life insurance products to MCVs.
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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