Insurance

Manulife Hong Kong unveils senior executive promotions
10 May 19
George Lung and Johnny Chan will serve as senior executive regional director.
Singapore's new business premiums in life insurance up 1% to $687.16m in Q1
9 May 19
The uptake in annual premium buys offset the decrease in single premium product purchases.
Bain & Company names Dr. Henrik Naujoks as Asia-Pacific financial services practice
7 May 19
His expertise are the insurance and banking sectors.
Great Eastern Holdings' profits soar 124% to $342.7m in Q1
3 May 19
Gross premiums rose 6% thanks mySalam Scheme contributions.
Japanese firms foray into Myanmar's highly uninsured market
30 Apr 19
Tokio Marine Holdings and Mitsui Sumitomo Insurance are amongst the firms seeking entry into Myanmar.
Ping An Insurance profits skyrocketed 77.1% to $6.76b in Q1
30 Apr 19
Gross written premiums jumped 8.4% to $40.73b.
Hong Kongers still $480,000 short to afford retirement living: study
26 Apr 19
The median of current individual total assets is only $96,000.
Motor insurance plan for new and young drivers launched in Singapore
26 Apr 19
Policyholders attending a safe driver programme can have additional premium loading cut by 10%.
AIA Singapore ties up with digital healthcare firm WhiteCoat to offer telehealth services
25 Apr 19
They will also co-create a digital integrated platform for telemedicine claims processing.
Allianz PNB Life appoints Alexander Grenz as CEO
22 Apr 19
He served as its COO for over three years.
CIMB Singapore unveils pet insurance for dogs and cats
15 Apr 19
Policy plans start at S$74.90 per year.
Manulife expands to Myanmar
15 Apr 19
This marks its 13th market in Asia.
NTUC Income and ZhongAn tie up to develop digital insurance products
11 Apr 19
They aim to roll out a lifestyle insurance product for the tourism sector by Q2.
Mitsui Sumitomo Insurance sets up digital hub in Singapore and Tokyo
5 Apr 19
It is located on SGX Centre 2.
Thailand unveils insurance policy for tourists
4 Apr 19
Premiums start from $13 per trip, up to seven days.
Hong Kong's Voluntary Health Insurance Scheme goes live
3 Apr 19
Features include coverage extended to unknown pre-existing conditions and no limitations on ‘lifetime benefit'.
Etiqa Insurance launches new savings plan
2 Apr 19
It guarantees a payout of 3% per annum for the first 6 years.
AXA Hong Kong launches Voluntary Health Insurance Scheme
1 Apr 19
The insurer will offer personal reimbursement for hospitalisation.
Sompo Holdings Asia appoints Daniel Neo as regional CEO
1 Apr 19
He succeeds Yuji Kawauchi who will be vice president of global business planning in Sompo Holdings in Tokyo.
MSIG Singapore names Craig Ellis as CEO
1 Apr 19
Ellis has over 40 years of experience occupying senior positions in Allianz, Old Mutual and Charles Monat Associates.
China OKs first JV firm in pension insurance sector
28 Mar 19
The country is gearing up to embrace more overseas-funded players to engage in its financial market.
Sompo Japan Nipponkoa taps US startup One Concern for AI solution
26 Mar 19
The app will let users simulate disaster-related scenarios.
ZhongAn Online premiums hit $1.68b in 2018
26 Mar 19
The company is China’s first online-only insurer to break the $1.49b premium mark.
Insurance payments for migrant workers in Korea surged 75% to $349.61m in 2018
26 Mar 19
Korean law requires all foreign workers, especially those with E9 or H2 visa, to be insured.
Philippine life insurance premiums jumped 20.4% to $3.32b in 9M2018
25 Mar 19
Premiums from variable life insurance products hit $2.48b.
FWD Takaful Berhad names Salim Majid Zain as CEO
25 Mar 19
He was formerly CEO of Zurich Takaful Malaysia.
Hong Kong's FWD Group in talks to acquire Siam Commercial Bank's life insurance business
22 Mar 19
The firms were previously in talks for a possible $3b sales of SCB Life Insurance.
Chubb names Serene Neo as Singapore division head of accident & health
21 Mar 19
She previously spearheaded the development of retail banking and payment products at a local bank.
Philippine insurtech startup Saphron clinches $1m seed funding
21 Mar 19
It will optimise AI and real-time data analytics for customer service.
APAC insurance deals up 40% in 2018: report
19 Mar 19
There were 59 completed M&As last year from 42 in 2017.
China Life's insurance premiums surge 22.4% to $28.17b in January-February 2019
19 Mar 19
This compares to the 4.7% growth in the same period last year.
Great Eastern offers modular insurance plans in Samsung Pay
19 Mar 19
Available products include a personal accident plan and a home insurance plan.
Indonesia life insurance premiums down 5% to $13.05b in 2018
18 Mar 19
Income from the bancassurance channel took a hit.
AIA operating profit jumped 13% to $5.3b in 2018
18 Mar 19
Annualised new premiums grew 15% to $6.5b.
Hong Kong general insurers reverse from loss to $74.27m profit in 2018
18 Mar 19
Overall net premiums hit $4.49b.
Korea to tighten health insurance for expats
18 Mar 19
Foreigners with delayed insurance payments will face visa-related penalties by May.
E-commerce firm Synagie Corporation unveils lifestyle insurance mobile app
18 Mar 19
Kaisu.me will provide a 12-month accidental screen damage protection for new mobile phones.
87.7% in Vietnam covered for health insurance
15 Mar 19
Vietnam has paid $1.69b worth of insurance benefits in the first two months of 2019.
Sompo Japan Nipponkoa Insurance-Line tie up to allow insurance gifting
15 Mar 19
The policyholder can get a payout of $89 after an earthquake with an intensity of lower 6 or above hits their neighbourhood.
Great Eastern ventures into esports with Singtel partnership
14 Mar 19
This is Great Eastern’s first foray into esports.

Events Calendar

Jul 16
Insurance Asia Awards 2019
Shangri-La Hotel, Singapore