Insurance

Malaysian general insurance sector to shrink 2.2% this year
21 Oct 20
The downturn is most evident in the motor insurance business.
MSIG Malaysia donates $5,000 for medical supplies in Sabah
21 Oct 20
The company had earlier donated to the country's Ministry of Health.
FWD Hong Kong floats new flexi-plan product
16 Oct 20
It has a "pre disability per policy year" claims mechanism.
Insurtech Cover Genius raises $10.6m in funding round
16 Oct 20
The firm has announced its product launches on Shopee Thailand.
Allianz Life Malaysia, RHB Trustees partner for legacy planning
14 Oct 20
Clients will be able to set up trusts with a special fixed rate.
NZ's Delta Insurance pilots personal cyber protection in Singapore
30 Sep 20
It has also inked an agreement to distribute the product outside APAC.
Ping An unveils healthcare ecosystem strategy
25 Sep 20
It has a three-pronged strategy for development.
Pandemic puts brakes on Chinese general insurers
17 Sep 20
The sector is expected to just grow 3.8% this year.
Igloo, Foodpanda Thailand float insurance programme for riders
17 Sep 20
Three insurers will provide different coverage.
How Singapore's 360F collates self-reported metrics for better financial advice
15 Sep 20
The insurtech helps bridge the trust gap between advisors and clients.
How insurtech Cover Genius delivers personalised insurance anywhere
8 Sep 20
It partners with insurers to distribute plans through e-commerce sites.
Insurtech firm Cover Genius extends pet insurance to India
7 Sep 20
It will partner with Indian online pet supplier PetPal.
HSBC Life Singapore names new management team members
7 Sep 20
One is a chief investment officer and the other a chief product officer.
Japan's top insurers unsafe amidst reliance on individual life
7 Sep 20
Over-reliance on one product will stunt sector growth.
Allianz Life Malaysia launches short-term insurance plan
4 Sep 20
It only requires a six-year premium payment commitment.
Hong Kong Insurance Authority extends TFM to end-2020
4 Sep 20
The TFM removes the need for face-to-face insurance sales.
Allianz General Malaysia relaunches Smart Home Cover
2 Sep 20
Enhancements allow clients to have a contractor on site for renovations.
Singapore's Provide, Berkley Insurance float indemnity cover for SMEs
2 Sep 20
Professional indemnity insurance is increasingly in demand.
Ping An Insurance's H1 net profit shrinks 29.7%
28 Aug 20
Gross written premiums dropped 0.2% YoY.
Allianz Malaysia posts 7.3% hike in H1 2020 gross written premiums
27 Aug 20
Both its life and general insurance arms also recorded GWP growths.
Asian reinsurers to refocus existing protection amidst pandemic
27 Aug 20
They are re-emphasising on capital to build buffers against claims and losses.
Singapore's NTUC Income extends eligibility of micro family scheme
27 Aug 20
This will cover additional 22,000 students.
Coinsurance to alter Korean insurers' capital efforts
27 Aug 20
It would be more benefitting for the life segment.
Singtel, Great Eastern float general insurance plans
26 Aug 20
They will be starting with Singtel Home Protect which covers telco and housing bills.
Prudential Malaysia's digital journey let operations take flight amidst the crisis
26 Aug 20
Its five-year digitalisation plan allowed for easy transition to remote work and services.
Reinsurance broker BMS adds Amy Fu to Asia business team
25 Aug 20
The team is still subject to regulatory approval.
Most Singaporeans had positive pandemic-related travel claims: survey
25 Aug 20
Over half were processed within seven days.
Australia's Suncorp reports $654.4m profit for “very challenging” FY2020
24 Aug 20
The group’s cash earnings shrunk 32.8% from FY2019.
Chinese insurtech Waterdrop nabs $230m funding from Swiss Re, Tencent
24 Aug 20
Swiss Re reportedly invested $100m in the platform, a source said.
AIA's H1 operating profit grows but new business sinks
20 Aug 20
Limited face-to-face sales pushed VONB down.
Singapore's SNACK grants $1,500 insurance coverage to MyRepublic customers
20 Aug 20
Customers simply need to sign-up for a Personal Accident plan on the SNACK app.
Igloo, Akulaku, UnionBank launch microinsurance in the Philippines
20 Aug 20
PA products will be available on UnionBank's and Akulaku's platforms.
Australian life insurers sink as slump hits sector
19 Aug 20
Recovery will be a measly 0.2% in 2021.
Malaysia's life insurers suffer 12.6% fall in H1 total premiums
19 Aug 20
Investment-linked policies dropped 24.5%, triggering the fall.
Malaysian general insurers face worst H1 in recent years
18 Aug 20
Gross direct premiums dropped 3.6% to $2.05b.
Hong Kong renames Clement Cheung as Insurance Authority chief
17 Aug 20
He played a role in boosting the global competitiveness of the sector.
China's economic rebound to test foreign insurers
17 Aug 20
The country is dominated by local insurers.
Pandemic drums up life insurance demand amongst Australia's wealthy
17 Aug 20
But it has also crippled away at HNWs trust on insurance providers.
Sedgwick names Ben Chin as Asia COO
17 Aug 20
He will oversee business efficiency in the region.
Hong Kong's OneDegree eases microchip requirement for cats
13 Aug 20
Cats are not legally required to have microchips in the city.