Insurance Asia

The insurer ranked third amongst new business single premiums.

Longer lifespans are forcing HNWIs to rethink wealth succession and protection strategies, the bank said.

WFP secured funding for the policy through the Global Shield Financing Facility.

Zurich General Insurance and Zurich General Takaful Malaysia were separately fined in January.

Underlying earnings per share stood at C$1.9 in the quarter.

Fitch said most insurers built capital buffers through earnings and hybrid debt.

April’s premium increase was the steepest average rise in a decade.

Nearly one-third of firms have fully digitised their value chains.

Howden Re compared potential cyber losses to moderate catastrophe years such as 2008.

AIA reported 26% new business growth in China during the quarter.

He brings more than 17 years of insurance industry experience.

Total weighted new sales gained 16% YoY.

The company’s revenue, likewise, climbed 6% YoY to $5.03b.

Fitch expects weaker firms to keep issuing subordinated bonds through 2026.