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Allianz APAC posts 15.4% 2020 operating profit jump to $670.9m
Both its life & health and P&C segments reported strong growth.
Allianz APAC posts 15.4% 2020 operating profit jump to $670.9m
Both its life & health and P&C segments reported strong growth.
Philippines to launch catastrophe insurance facility in Q1
It will allow insurers to take in more catastrophe risks.
GWP of Indonesian general insurers to hit $5.17b in 2025
The sector is expected to recover 2.9% in 2021.
Manulife HK's 2020 core earnings jump 10% to $812.6m
Q4 core earnings also jumped 10% to $232m.
Indian insurers, paytech partnerships bring wider distribution
Insurers that have done so will reach a bigger client base with less cost.
Asian insurance pricing jumps 11% in Q4 2020
Property pricing rose for the ninth straight quarter to 16%.
IAG records $365m net profit loss for H1 2021
Gross written premiums grew 3.8%.
India's budget proposals could help insurers woo foreign capital
A capital influx could allow the sector to develop distribution networks.
Australian insurance council to review coverage gaps
Concerns have been raised about affordability and availability.
Indonesia floats unit-linked certification service for general insurers
The Financial Services Authority is preparing regulations for unit-linked investment products.
Singapore life insurers' new premiums jump 3% to S$4.38b for Q4 2020
New policies bought online surged to 206,679, most of which were single premiums.
Taiwan insurers to shift towards new solvency, sustainability
The regulator has also pushed for changes in product mix.
Allianz gets full ownership of China life business
It will acquire the remaining 49% stake from Citic Trust.
Ping An Insurance records 4.9% FY2020 profit jump to $21.5b
New business value crashed 34.7%.
Hong Kong SMEs lack adequate insurance vs key concerns: report
Only 24% have protection against equipment damage despite it being a top risk.
AIA amongst bidders for Bank of East Asia's life insurance arm
The bank could raise about $500m to $600m from a potential transaction.
HSBC, Etiqa amongst bidders for AXA Singapore
The transaction could raise about $700m in a sale.
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1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. OCBC's bid for Great Eastern Life to boost sector valuations 3. Singlife introduces first market insurance for dementia care 4. Italian insurance-financial firm opens office in Singapore 5. SG’s life insurers see 32.2% leap in new business premiums in Q1’24Resource Center
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Jul
09
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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]()
Co-Written / Partner
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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1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. OCBC's bid for Great Eastern Life to boost sector valuations 3. Singlife introduces first market insurance for dementia care 4. Italian insurance-financial firm opens office in Singapore 5. SG’s life insurers see 32.2% leap in new business premiums in Q1’24Awards
Jul
09
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Firewalls are never enough