Insurance

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.
Singapore-based insurtech startup CXA Group raises US$25m
14 Mar 19
Singtel Innov8 and HSBC pitched in.
China to eclipse US as world's largest insurance market by 2030s
13 Mar 19
The CAGR hit 16% for the non-life segment and 17% in life from 2013-2017.
One in 10 Hong Kong SMEs do not have insurance protection: survey
13 Mar 19
Only a fifth of SMEs have insurance protection against business interruptions.
Vietnam to boost life insurance coverage to 15% by 2025
13 Mar 19
Only 8% of the population currently has a life insurance plan.
China Re unveils renewable energy consortium for Chinese offshore windfarms
13 Mar 19
The consortium can provide capacity of up to $225m per risk.
Korea cracks down on third-party agent selling
13 Mar 19
The move will enhance transparency and reduce risk of mis-selling.
Samsung Life in talks to buy 20% stake in Bao Viet Life: report
13 Mar 19
The move comes after the Vietnamese government’s plan to privatise SOEs.
Insurers gear for Hong Kong's $1.27b national health insurance programme
12 Mar 19
The Voluntary Health Insurance System will offer $1,000 in tax benefits to lure residents.
Chinese insurers premium income up 24% in January
12 Mar 19
Premium income hit $126.61b at the start of the year.
Korean life insurers hit by short-term pain in shift towards protection products
8 Mar 19
Savings type products require higher capital charges and offer less attractive margins.
New life business premiums in Malaysia inched up 1.8% to $2.52b in 2018
8 Mar 19
New premiums in the group business jumped 9.4% to $870m.
Hong Kong co-working space operator theDesk unveils group medical insurance plan
8 Mar 19
It is expected to benefit the 500 individuals who work from its locations in Sai Wan and Causeway Bay.
Insurance gross premiums in Singapore up 3.4% to $3.81b in 2018
6 Mar 19
The motor insurance segment’s underwriting profit jumped 137% to $9.96m.
Singapore to raise insurance cover for overseas project funding to $50m
6 Mar 19
It aims to strengthen support for local businesses’ overseas expansion.
Chubb acquires majority of local venture in China
5 Mar 19
Chubb increased its stake in Huatai Insurance Group to 26% from 20%.
Singapore offers rewards of up to S$10,000 for insurance fraud tip-off
5 Mar 19
Individuals with knowledge of wrongdoing should submit documentary evidence.
Motor policyholders in India blame insurers for lapsed policies: survey
5 Mar 19
Around 36% specifically blamed their insurer whilst 23% pinned the blame on their agent.
Japan moves to limit national health insurance coverage
4 Mar 19
Only workers and their dependents in the country can avail to prevent abuse.
AXA Insurance Singapore unveils executive committee appointments
4 Mar 19
Kevin Leong will serve as managing director for the commercial lines business.
Symbo launches digital insurance platform in Singapore
4 Mar 19
It aims to launch in Indonesia, Malaysia and Southeast Asia.
Philippine insurers can now invest in infrastructure projects
1 Mar 19
The move enhnaces the investment options of the country's insurers.
Hong Kong approves license of 8th Chinese captive insurer
1 Mar 19
Shanghai Electric Group has received approval from the insurance authority.
Insurance pricing in Asia up 0.4% in Q4
1 Mar 19
This represents the first increase in composite price in four years.
China Taiping Insurance Singapore targets the super-rich in new product
28 Feb 19
'Infinite Harvest' guarantees 100% capital from the 10th policy anniversary.
South Korea insurance profits down 7.4% to $6.5b in 2018
28 Feb 19
Earnings from non-life insurers worsened as car losses rose.
Australia's QBE swings back into the black as 2018 profits hits $390m
28 Feb 19
Insurance profit skyrocketed to $861m from $62m in 2017.
Web-based insurance policyholders in China hits 222 million
28 Feb 19
Nearly 28% admitted to buying insurance from the Internet.
Go-Jek partners with insurtech firm Gigacover to provide driver insurance
26 Feb 19
It will cover driver-partners for medical leave of up to 21 days and hospitalisation leave of up to 84 days.
Great Eastern profits crashed by 29% to $1b in FY18
20 Feb 19
Operating profit growth from Insurance Business countered its decline.
Singapore Life acquires prepaid Visa card brand Canvas
18 Feb 19
The spending tracker platform is expected to launch by mid-2019.
Britannia P&I gets licence to underwrite business in Singapore
7 Feb 19
It will handle the club’s members in the ASEAN, India, and Australasia.
Insurance Asia Awards 2019 opens for nominations
31 Jan 19
Entries are accepted until 19 April 2019.

Events Calendar

Jul 16
Insurance Asia Awards 2019
Singapore