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Singapore's life industry sales sink 13% in H1
Movement restrictions led to a 25% drop in annual premium business.
Singapore's life industry sales sink 13% in H1
Movement restrictions led to a 25% drop in annual premium business.
AXA mulls sale of Singapore unit
The insurer is trying to shift focus on P&C insurance.
Australia's travel insurers to contract 7.7% in 2020
The return of movement restrictions will haunt the sector.
AXA's net income down 39% to $1.65b in H1
Underlying earnings contracted 48% YoY over the same period.
Insurance Asia Awards presents the winners in its first ever digital awards presentation
A total of 75 insurers were awarded in this year’s programme.
India health claims surge 240% to $152.7m
Average claim per person reached $2,125.
Australian wealth firm AMP hit with class action over insurance advice
The Federal Court has ordered AMP in February to pay for incorrect advice.
Sun Life sees Asia comprising 25% of income in 5-6 years
It has already boosted its digital capabilities in the region.
India's short-term COVID-related insurance plans to push policy uptake
More people are likely to buy plans as COVID-related costs became more known.
Australian insurers fret over pandemic's effects on employees: study
47% have reported a rise in mental health issues.
Hong Kong to create hub for insurance-linked securities
A bill to transfer risk to capital markets was introduced in March.
Hong Kong's yuppies, low-income groups still underinsured: report
The city has one of the highest levels of insurance awareness.
Lower rates push Asian life insurers to alter investment mix
Insurers are shifting their asset allocations to US credit investments.
Three-fourths of APAC households unprotected if breadwinner dies: study
The region's mortality gap hit $8t in 2019.
Hong Kong insurance premiums to grow 1.46% in 2020
This is barely a quarter of the 6.3% rise in 2019.
Great Eastern H1 2020 group profit falls 35% to $240.4m
Operating profits surged 57% to $351.3m (S$484.3m).
Thai non-life insurance segment to dwindle 5.6% this year
The motor insurance market will fall 6%.
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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]()
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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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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