Insurance Asia

About nine in 10 Indian tourists think of buying travel insurance
Only 76% of respondents said they bought insurance for their most recent trip.
Study shows how resilient Singaporeans are: Income Insurance
Overall, Singaporeans were marked as resilient in wellbeing but could still be nurtured.
Only 12% of Asia’s economic losses are insured, the smallest in the world: Verisk
The region’s aggregate average annual loss stood at $20.5b.
Bupa names Fiona Harris as new managing director in Hong Kong
She will begin her new role beginning 3 October.
PH congressman proposes 2% tax collection on non-life premiums
Currently, only life insurance premiums are taxed in the country.
Hong Kong imposes changes to mortgage insurance plan
Previously, mortgage insurance was only for properties under construction with a property value of up to HK$6m.
Lloyd’s of London and UNCDF extend arms to climate-vulnerable nations
The partnership will also aim to replicate this model in other regions, including Asia and parts of Africa.
Singlife’s rebranded investment platform allies with BlackRock to produce tri-offering
More investment solutions are to be expected in the coming months.
New framework catapults Singapore’s insurance sector resilience: S&P Global Ratings
Although the framework could raise operational costs, it will run some benefits.
Singlife inks deal with AIC, Homage for long-term care
Singapore is currently facing the challenge of rapid aging.
August’s weather turmoil caused claim payments to reach Y40b – GIAJ
This was driven by a rainy season front and Typhoon Mawar.
AIA recruits independent non-executive director
She has various experiences in the financial sector.
India sets open house for insurtechs, fintechs to collaborate
This will be held every 15th day of the month.
Generali GC&C boosts Asia team
The insurer has appointed two new heads.
S.K.’s FSC raises KRW73.8t in policy funds for venture capital in FIs
This exceeded the initial supply plan of 66.7% by August and achieved 80.4% of the annual target.

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Exclusives

Exclusives

Insurance Capital pressures linger as insurers adopt new accounting rule in South Korea
IFRS 17 adoption is seen to improve insight into margins and reserves, increase motivation for long-term profitability, and better global comparability for insurers.
Insurance Nature’s wrath pushes insurers to reshape risk adaptability
Experts shared the reality of cost-efficiency whilst minimising the protection gap.
Insurance Cover Genius redefines insurance with embedded protection technology
The insurtech eyes expansion in Asia, leveraging on the symbiotic relationship of digital and traditional insurance to tailor policies for diverse markets.
Insurance How InsurSaathi is fast-tracking onboarding of new agents in rural India
InsurSaathi comes with an in-built insurance training module, all done remotely.
MNC Life Assurance employs media advantage for market expansion
CEO Risye Dillianti harnesses the power of media to expand MNC Life’s outreach and education whilst securing almost 300,000 clients.
PSAK 74, transforming insurance practices in Indonesia for the better
The new method of presenting financial reports boosts transparency and market confidence in the insurance industry.
Insurance Great Eastern bridges sustainability and insurance through portfolio integration
The Singaporean insurer emphasised the role that sustainability compliance plays amongst insurers even as green investments face a supply-demand issue.

Top News

About nine in 10 Indian tourists think of buying travel insurance
Only 76% of respondents said they bought insurance for their most recent trip.
Study shows how resilient Singaporeans are: Income Insurance
Overall, Singaporeans were marked as resilient in wellbeing but could still be nurtured.
Only 12% of Asia’s economic losses are insured, the smallest in the world: Verisk
The region’s aggregate average annual loss stood at $20.5b.
Bupa names Fiona Harris as new managing director in Hong Kong
She will begin her new role beginning 3 October.
PH congressman proposes 2% tax collection on non-life premiums
Currently, only life insurance premiums are taxed in the country.
Hong Kong imposes changes to mortgage insurance plan
Previously, mortgage insurance was only for properties under construction with a property value of up to HK$6m.
Lloyd’s of London and UNCDF extend arms to climate-vulnerable nations
The partnership will also aim to replicate this model in other regions, including Asia and parts of Africa.
Singlife’s rebranded investment platform allies with BlackRock to produce tri-offering
More investment solutions are to be expected in the coming months.
New framework catapults Singapore’s insurance sector resilience: S&P Global Ratings
Although the framework could raise operational costs, it will run some benefits.
Singlife inks deal with AIC, Homage for long-term care
Singapore is currently facing the challenge of rapid aging.
August’s weather turmoil caused claim payments to reach Y40b – GIAJ
This was driven by a rainy season front and Typhoon Mawar.
AIA recruits independent non-executive director
She has various experiences in the financial sector.
India sets open house for insurtechs, fintechs to collaborate
This will be held every 15th day of the month.
Generali GC&C boosts Asia team
The insurer has appointed two new heads.
S.K.’s FSC raises KRW73.8t in policy funds for venture capital in FIs
This exceeded the initial supply plan of 66.7% by August and achieved 80.4% of the annual target.

Exclusives

Insurance Capital pressures linger as insurers adopt new accounting rule in South Korea
IFRS 17 adoption is seen to improve insight into margins and reserves, increase motivation for long-term profitability, and better global comparability for insurers.
Insurance Nature’s wrath pushes insurers to reshape risk adaptability
Experts shared the reality of cost-efficiency whilst minimising the protection gap.
Insurance Cover Genius redefines insurance with embedded protection technology
The insurtech eyes expansion in Asia, leveraging on the symbiotic relationship of digital and traditional insurance to tailor policies for diverse markets.
Insurance How InsurSaathi is fast-tracking onboarding of new agents in rural India
InsurSaathi comes with an in-built insurance training module, all done remotely.
MNC Life Assurance employs media advantage for market expansion
CEO Risye Dillianti harnesses the power of media to expand MNC Life’s outreach and education whilst securing almost 300,000 clients.
PSAK 74, transforming insurance practices in Indonesia for the better
The new method of presenting financial reports boosts transparency and market confidence in the insurance industry.
Insurance Great Eastern bridges sustainability and insurance through portfolio integration
The Singaporean insurer emphasised the role that sustainability compliance plays amongst insurers even as green investments face a supply-demand issue.

Join the Insurance Asia community