Insurance
S&P forecasts slight increase in CCB's NPA ratio
The slow growth will be due to problematic property loans and higher loan ratios.
S&P forecasts slight increase in CCB's NPA ratio
The slow growth will be due to problematic property loans and higher loan ratios.
Nan Shan General Insurance seen to maintain asset mix to boost investment returns
A credit rating agency sees Nan Shan General Insurance Co., Ltd. to keep its asset mix while working on increasing investment returns.
LIAM re-elects Raymond Lew as president
Lew holds over 30 years of experience as chief executive officer and president of Sun Life Malaysia Assurance Berhad.
Sun Hung Kai Properties Insurance de-risking exposure improves bond credit quality – AM Best
The insurance company de-risked majority of its bonds in China in 2023.
AM Best affirms Hollard Insurance’s outlook as stable
The company’s strong financial flexibility is attributed to shareholder support, including capital injections and hybrid debt issuances.
HKIA and HKPF inks MOU on a joint framework for legal services
The agreement will ensure the insurance market’s reliability and security.
Insurers brace for record Baltimore bridge claims
The Singapore-flagged container ship Dali was initially bound for Sri Lanka.
Insurers to use 40% AI with synthetic data by 2027
18% of businesses are using synthetic data to comply with privacy regulations and enable secure data exchange.
Singlife and iAPPS Health launch exclusive group plan
The plan is open for individuals aged 18 to 70 years old.
GIC finishes acquisition of majority share in Miller
GIC bought the entire share of Cinven in Miller.
Taiwan's insurance sector profits reach $1.8b
Life insurance accounts for 94.4% of the total.
Hanoi Re faces elevated expense ratio challenges – AM Best
As one of the two domestic reinsurers in Vietnam, Hanoi Re has a moderate underwriting risk.
Malaysia's insurance industry grows 7.8% in 2023
On the other hand, underwriting profit contracted by 26%.
Transactional insurance hits $49b in ‘challenging year’ – Marsh
Marsh said that it experienced its third-busiest year on record.
Asia's protection gap leaves $59b uncovered – Aon
Losses from natural disasters left the region 48% lower than the 21st century average.
Generative AI to boost the insurance sector by $50b
Investing in generative AI could boost revenues by 20% and minimise costs by 15%.
Critical illness coverage penetration challenges: Understanding Singaporean Struggles and Solutions
Societal discomfort around discussions of illness and mortality contributes to a reluctance to confront the need for adequate insurance coverage among...
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Jul
09
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Celebrate your award-winning insurance initiatives at the Insurance Asia Awards 2024
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Be recognised as one of the top insurers in the region by sending your entries until 19 April 2024!
Be recognised as one of the top insurers in the region by sending your entries until 19 April 2024!
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Jul
09
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Critical illness coverage penetration challenges: Understanding Singaporean Struggles and Solutions
Renewables push faces climate hurdles post-COP28