Insurance
New Zealand records nearly 10,000 claims for damage from landslides
New Zealand records nearly 10,000 claims for damage from landslides
Losses from landslides have totalled $170m since January 2023.
HSBC Life Singapore names new chief agency development officer
He previously served as CEO of Infinitum Financial Advisory.
Micro insurance market to grow 6.5% annually until 2032
Asia-Pacific market accounted for 35% of global revenue in 2023.
Seth Peller named CEO of Marsh McLennan Hong Kong, Macau
He will take on the title alongside his current role as CEO of Marsh McLennan Taiwan.
Pru Life UK opens new BGC headquarters in Manila
The insurer’s total workspace in the country is now at 100,000 sq ft.
Taiwan insurance sector profits hit $11b in November
Thanks to the life industry’s $10.12b profit contribution.
AIA expansion may temper capital buffer strength
It’s interest rate fluctuations may introduce volatility to its capitalisation.
India's non-life insurance climbs 4.4% in November
The modest growth was driven by retail health and motor third-party.
Income Insurance to maintain strong market position: S&P
However, upcoming accounting changes and business expansion may pose risks.
Insurers brace for volatile earnings in 2025
Reinsurance demand during the renewals was fueled by volatile loss experiences.
Zurich, ComfortDelGro unveil exclusive travel insurance
The insurance will be available through ComfortDelGro’s ride-hailing app.
Talanx to conclude partnership with Meiji Yasuda Life by 2025
Talanx can acquire Meiji Yasuda’s shares in two Polish subsidiaries.
Philippine medical costs projected to rise 18.3% in 2025
This was correlated to the rise in the state insurers' claims and benefits paid.
Bupa Hong Kong, Mannings team up to launch PharmaCare Programme
All dispensed medications are covered by cashless services for eligible members.
Reinsurers boost capacity, appetite grows 10% to 15%
Non-loss-impacted property catastrophe renewals saw risk-adjusted rate reductions of 5% to 15%.
Taiping Re launches dual-perils CAT bond in Hong Kong
The bond features a three-year term.
New Singlife shared services hub to support financial adviser
Over 230 advisers across seven financial advisory firms have joined the platform.
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