Insurance
S&P flags distribution risk for Helia after CBA contract loss
S&P flags distribution risk for Helia after CBA contract loss
Although Helia is expected to retain approximately 21% GWP.
bolttech forms JV with Sumitomo on device protection in Asia
They expect the device protection market in the region to outpace global growth.
Reinsurance capital rises 5.4% to $769b on 2024 gains
Traditional reinsurance capital is projected to grow by 6% in 2025.
Australia drives insurance reviews with $20m fines on compliance breaches
Recent court rulings also indicate a trend toward non-indemnification.
Manulife Asia’s Q1 net income surges 57% YoY to $435m
Globally, its Q1 2025 earnings contracted by 47% YoY.
Bowtie debuts first term critical illness plan for children, pregnant women
Bowtie’s new plan is a term-based product with no savings component.
Allianz Partners launches cruise insurance with cruise line as bookings rise
Cruising now accounts for 10% of all travel amongst Australians.
Chubb Life Hong Kong offers digital plan with life and accidental death cover
The product does not require a health examination or financial background check.
Great Eastern see earnings rise 13% YoY in Q1 2025
But total weighted new sales contracted by 34% YoY.
Markel Insurance launches clinical trials coverage in 100 jurisdictions
It is tailored to meet local regulatory requirements.
Blue Cross premiums surge 22.1% YoY in 2024
The insurer’s non-medical business grew by 31.7%.
Insured losses to surpass $200b in 2025 as risks escalate: Geneva Association
The institutions also emphasised how P&C re/insurance can help mitigate challenges.
Japan’s insurers disbursed $730m on disasters including Noto quake
Ishikawa Prefecture recorded the highest payouts.
Allianz Partners names new head of insurer network
He joined Allianz Consulting as a senior advisor in 2023.
Amundi names Jian Xiong Asia insurance specialist in Singapore
Xiong brings over 15 years of experience.
Mainland visitor volumes plateau as Hong Kong life insurance steadies
Tourism volume tempers optimism for a large rebound in cross-border life insurance.
Sompo names Nicholas Walsh to succeed Shea as SIH board chair
Walsh brings over 50 years of insurance industry experience.
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Jul
07
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CEO Phlaphongphanich said the industry is measuring the wrong things.
