Insurance

Insurance Asia bags Special interest Media of the Year - Silver at the Asia Pacific Publishing Awards
14 Nov 18
Its sister publication Singapore Business Review also nabbed the gold award for the business/professional media of the year in the Media...
Singapore expands MediShield Life into three new areas
8 Nov 18
Eligible patients who feed intravenously can claim up to $1240 (S$1,700) monthly.
MSIG appoints William Song as chief risk officer and Rebecca Ang Lee as chief marketing officer
31 Oct 18
The key appointments are in a bid to help drive the group’s medium-term management plan “Vision 2021.” MISG Holdings Asia...
Car insurance costs in Singapore are still cheaper than New York
30 Oct 18
The average cost of motor insurance is at $862.
World's first commercial cyber risk pool launched in Singapore
30 Oct 18
It will commit up to US$1b in capacity to provide cybercoverage.
MSIG names Mack Eng as executive vice president for business development and digitalisation
12 Oct 18
He reports to Alan J.
ArgoGlobal appoints Michael Scala as chief underwriting officer, Asia Pacific
9 Oct 18
He will report to Veronica Grigg, chief executive officer, ArgoGlobal Asia.
Peak Re appoints David V. Cabral as chief operating officer
9 Oct 18
He will report to the role starting 8 October 2018.
The world's fintech superstars are gathering in Singapore
8 Oct 18
The third edition of the Singapore FinTech Festival will be held on November 12 to 16.
RHB Bank ties up with Tokio Marine to roll out life insurance plan
18 Sep 18
The scheme has plans with premiums as low as $1.45.
Asian life insurers' embedded value surged 19.2% to $480b in 2017
18 Sep 18
South Korea led the region in terms of highest EV growth.
Vibrant Asian market to buoy insurance sector's investment in technology
15 Sep 18
The growing economy bodes well for the insurance industry with the rising prominence of blockchain and AI.
Hong Kong insurers play the digital game by forging fintech and insurtech allies
15 Sep 18
The challenge now has become full integration of technology with the insurance experience of customers.
MetLife Hong Kong's Lee Wood unveils a new holistic digital insurance platform
15 Sep 18
He introduces MetLife Discovery, a first-of-its-kind tool that helps customers visualise their insurance needs.
Tighter oversight pushes Chinese life insurers premiums down 24% in H1
14 Sep 18
Sales of short-term savings product were hit.
Singapore's CPF retains ninth spot in world's biggest pension funds
13 Sep 18
It lagged behind South Korea's National Pension and China's National Social Security.
Indian banks urged to have cyber insurance
29 Aug 18
Smaller banks have insufficient coverage which does not cover cyber heists.
Chubb appoints Stanley Wong as country president for Hong Kong, Taiwan & Macau
24 Aug 18
He currently serves as Asia Pacific regional head of financial lines.
Peak Re makes new appointments to board of directors
24 Aug 18
This includes changes to chairman and executive director roles.
AIA Singapore's VNB surges 22% to $178m in H1
24 Aug 18
The value of annualised new premiums also hit $290m.
Etiqa Insurance offers home-based medical exam for foreign domestic workers
24 Aug 18
The insurer has tied up with healthtech company Doctor Anywhere.
Ping An Insurance Group profit surges 34% to $8.45b in H1
24 Aug 18
The insurer was able to grow its retail customer base to 179 million.
State Street Corporation appoints Kamal Jandu as Asia Pacific head of insurance services
24 Aug 18
He was formerly a senior client manager for the insurance sector at Citibank.
Singapore's MediShield Life payouts hit $800m in 2017
20 Aug 18
About 200,000 Singaporeans benefited from the payouts.
Regulatory tightening fails to cripple South Korean non-life insurers surplus growth
17 Aug 18
Strong exposure to long-term saving and protection is expected to boost VNB.
Japanese non-life insurers burned by fire premium losses
17 Aug 18
Insurance firms are bearing the weight of losses brought about by natural disasters.
India's national health insurance scheme embraces trusts
17 Aug 18
Out of the 26 states, an overwhelming 20 are opting for trusts.
Hong Kong's annuity scheme subscription hits $4.94b out of $10b limit
13 Aug 18
Average subscription amount was at $525,000.
Singapore's life insurance business premiums up 20% to $2.02b in H1
13 Aug 18
There was an uptake in both single and annual premium products.
Dai-ichi Life Insurance buys life unit of Australia's Suncorp for $540m
9 Aug 18
Australia represents an attractive market for Japanese insurers amidst shrinking markets back home.
Ping An eyes acquiring Prudential's Asian business
9 Aug 18
China’s deleveraging campaign has prompted the insurer to look for further growth engines.
Indian insurers to shoulder interest payments of delayed rural claims
3 Aug 18
Companies failing to clear crop loss claims within 2 months have to pay with 12% interest.
Thai life assurance business premiums up 5% to $9.38b in H1
3 Aug 18
Bancassurance and insurance agents drove growth.
China to launch national medical insurance by 2019
3 Aug 18
Urban and rural residents will enjoy equal benefits.
Hong Kong insurance sector taps on rattled Chinese market
3 Aug 18
New business premiums from Mainland clients hit $11.8b in Q1.
Chinese P&C insurers' digitalisation efforts beat Hong Kong and Japan
2 Aug 18
Ping An P&C’s motor insurance service uses image recognition to provide repair estimates based on submitted pictures.
Aviva SIngapore's life and health VNB surged 47% in H1
2 Aug 18
Growth was driven by the insurer’s financial advisory channel.
Here are the winners of the Insurance Asia Awards 2018
27 Jul 18
Over 250 trophies were awarded to winning banks and insurers.
Digital insurance revolution
26 Jul 18
How long did it take to sell 240,000 insurance policies online in 2017?
How robotics and cognitive automation will transform the insurance industry
26 Jul 18
The use of robots to drive tangible business benefits is very much a reality today.