Insurance Asia

KBFG China Sees Continuous Growth in Capital and Surplus
AM Best said its relatively small capital base and underwriting portfolio expose it to volatility in the event of large losses.
Prospects brighten for Fidelity Life Assurance's operating performance
The company's financial flexibility is bolstered by its two largest shareholders, said AM Best.
Ping An P&C's favourable business profile in China's insurance market – AM Best
AM Best assessed Ping An P&C to have a favourable business profile.
Singlife joins Sumitomo Life as a fully-owned subsidiary
The transaction valued Singlife at $4.6b.
Great Eastern Holdings and Great Eastern Life issues $2b euro medium-term notes 
The notes may have fixed or floating rates or none at all.
S’pore’s general insurance sector climbs 10.1% YoY in 2023
The healthcare sector suffered an underwriting loss due to rising costs.
Asuransi Astra's profitability stays strong, backed by parent group's business: AM Best
Its investment portfolio is moderately risky, mainly comprising domestically rated bond funds.
Philippines doubles third-party liability insurance coverage
The insurer will also cover other incidental expenses not included in bodily injury or death indemnities.
bolttech offers device protection in Japan
It has partnered with refurbished device marketplace, Back Market.
9 out of 10 Malaysians are open to sharing data for personalised coverage: Survey
Malaysians consider three things when buying insurance: affordability, meeting customer needs, and value for money.
Rain insurance offer marks a first for Singapore hotel
The coverage is exclusive to bookings starting from SG$850 per night.
Japan's P&C sector surges with focus on profitability and international expansion
Positive trends drive Japanese insurers towards growth, bolstered by rate revisions and strategic initiatives, a Jefferies report said.
Gallagher Re reels new head of cyber for APAC
Sie Liang Lau holds more than two decades of experience in the industry.
AIA achieves five-pillar ESG strategy in 2023
The company was able to invest in ESG bonds, worth $6.3b.
Singapore's LIA unveils consumer guide to medical underwriting
The association’s management committee continues second term.

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Exclusives

Exclusives

Insurance How Singlife plans to magnify the Philippines’ insurance penetration through GCash
Experts cite the country’s economic exposure to climate change over all other nations.
Insurance Asia’s insurance and banking titans pledge climate action
Insurance and banking leaders join forces to tackle climate change, emphasising the need for sustainable investments and inclusive transition strategies.
Changes in insurance regulations spark industry transformation in 2024
MSIG Asia CEO hails 2024 as a year of growth for insurers, but cautions on varying regulatory and socioeconomic impacts.
Insurance Why embedded insurance is a must-have
An estimated 16% of Asian insurers’ revenues are now derived from embedded insurance.
Insurance Singaporeans struggle with critical illness coverage despite reduction in protection gap
AIA SG’s chief marketing and proposition officer expects insurers to keep up with consumer demands better in 2024.
Insurance To lead and to lag: APAC insurance’s conflicted AI journey in 2024
Whilst AI investments reached 23.93% of the total market, 41% of firms in Asia Pacific cling to outdated tech, hindering efficiency and scalability.
Insurance Insurance rides high on surge in Hong Kong travellers
CEO Jim Qin of Zurich Insurance cites a trend for extended vacations among Hongkongers in 2023, boosting travel insurance sales.

Top News

KBFG China Sees Continuous Growth in Capital and Surplus
AM Best said its relatively small capital base and underwriting portfolio expose it to volatility in the event of large losses.
Prospects brighten for Fidelity Life Assurance's operating performance
The company's financial flexibility is bolstered by its two largest shareholders, said AM Best.
Ping An P&C's favourable business profile in China's insurance market – AM Best
AM Best assessed Ping An P&C to have a favourable business profile.
Singlife joins Sumitomo Life as a fully-owned subsidiary
The transaction valued Singlife at $4.6b.
Great Eastern Holdings and Great Eastern Life issues $2b euro medium-term notes 
The notes may have fixed or floating rates or none at all.
S’pore’s general insurance sector climbs 10.1% YoY in 2023
The healthcare sector suffered an underwriting loss due to rising costs.
Asuransi Astra's profitability stays strong, backed by parent group's business: AM Best
Its investment portfolio is moderately risky, mainly comprising domestically rated bond funds.
Philippines doubles third-party liability insurance coverage
The insurer will also cover other incidental expenses not included in bodily injury or death indemnities.
bolttech offers device protection in Japan
It has partnered with refurbished device marketplace, Back Market.
9 out of 10 Malaysians are open to sharing data for personalised coverage: Survey
Malaysians consider three things when buying insurance: affordability, meeting customer needs, and value for money.
Rain insurance offer marks a first for Singapore hotel
The coverage is exclusive to bookings starting from SG$850 per night.
Japan's P&C sector surges with focus on profitability and international expansion
Positive trends drive Japanese insurers towards growth, bolstered by rate revisions and strategic initiatives, a Jefferies report said.
Gallagher Re reels new head of cyber for APAC
Sie Liang Lau holds more than two decades of experience in the industry.
AIA achieves five-pillar ESG strategy in 2023
The company was able to invest in ESG bonds, worth $6.3b.
Singapore's LIA unveils consumer guide to medical underwriting
The association’s management committee continues second term.

Exclusives

Insurance How Singlife plans to magnify the Philippines’ insurance penetration through GCash
Experts cite the country’s economic exposure to climate change over all other nations.
Insurance Asia’s insurance and banking titans pledge climate action
Insurance and banking leaders join forces to tackle climate change, emphasising the need for sustainable investments and inclusive transition strategies.
Changes in insurance regulations spark industry transformation in 2024
MSIG Asia CEO hails 2024 as a year of growth for insurers, but cautions on varying regulatory and socioeconomic impacts.
Insurance Why embedded insurance is a must-have
An estimated 16% of Asian insurers’ revenues are now derived from embedded insurance.
Insurance Singaporeans struggle with critical illness coverage despite reduction in protection gap
AIA SG’s chief marketing and proposition officer expects insurers to keep up with consumer demands better in 2024.
Insurance To lead and to lag: APAC insurance’s conflicted AI journey in 2024
Whilst AI investments reached 23.93% of the total market, 41% of firms in Asia Pacific cling to outdated tech, hindering efficiency and scalability.
Insurance Insurance rides high on surge in Hong Kong travellers
CEO Jim Qin of Zurich Insurance cites a trend for extended vacations among Hongkongers in 2023, boosting travel insurance sales.

Join the Insurance Asia community