Insurance
Malaysia’s non-life insurance sector sees stable outlook
Malaysia’s non-life insurance sector sees stable outlook
AM Best also expects insurers to maintain robust underwriting profits.
Sompo appoints new chief claims officer
He transitioned into insurance from a senior associate role at Deloitte.
Bank Negara Malaysia issues code for insurers, takaful operators
It aims to enhance public trust and confidence in Malaysia’s motor claims and repair industry.
Aon appoints ex-Lloyd’s CEO to top Climate, Reinsurance roles
He will report to Andy Marcell, CEO of Risk Capital.
Half of Indian health insurance policyholders report claim rejections
83% of respondents also believe health insurers lack modern systems.
China to tighten medical insurance funds regulation with drug traceability codes
This aims to combat fraudulent activities like the resale of insured medications.
China’s medical insurance to deliver cheaper drugs
It has adjusted the insurance catalogue annually, now covering 3,159 drugs.
Philippine state insurer raises heart disease coverage
Filipino inpatients can avail of the coverage under two benefit packages.
Taiwan raises labour insurance premium to 12.5%
The current rate stands at 12% of the insured party's monthly salary.
New policy caps Malaysia’s health, takaful premium hikes under 10%
Medical cost inflation in Malaysia reached 15% in 2024.
Reinsurers set to achieve sub-90% combined ratios: Gallagher Re
The property catastrophe market saw reduced risk-adjusted pricing.
Reinsurance contract structure for 2025/26 policy year finalised
The group maintains three private placements.
FWD Japan to welcome incoming CEO, President
He previously worked with MetLife Insurance K.K.
Markel reels in new executive to boost APAC operations
He previously worked at Zurich Insurance in London and Singapore.
South Korean insurers bag $80b in premiums for H1 2024
Net income of all insurers for H1 2024 amounted to $6.49b.
SFC permanently bans former specialist for insurance fraud
Chan was sentenced to 20 months' imprisonment on 2 February 2024.
Prudential unveils new chief economist
They hold over 30 years of industry experience.
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