Insurance
Australia’s P&C could face $1.3b insured losses from Cyclone Alfred
Australia’s P&C could face $1.3b insured losses from Cyclone Alfred
The cyclone is forecast to make landfall on 7 March.
PAObank secures insurance agency licence
It also inked a deal with China Ping An Insurance and FWD Hong Kong.
Philippine HMO industry net income soars 123% in FY 2024
The sector posted a net income of $16.7m.
AXA XL Insurance unveils new Asia CEO
She succeeds Gilles Fromageot.
ICA proposes A$30.15b flood defence fund
Last year saw 41 million policies issued for households and businesses.
Ping An integrates AI, big data roles in latest recruitment
The AI aims to assist in job matching, interviews, and salary negotiations.
Prudential, StanChart cement 25 years of bancassurance tie-up
They have the longest-running bancassurance partnership in Singapore and Asia.
Philippine pre-need income doubles in Q4 2024
Also, the sector’s total assets grew by 8.12%.
Canopius bolsters APAC team with new head
He has more than 20 years of experience in the insurance industry.
WTW launches AI tool radar vision for insurers
It aims to improve underwriting profitability and reduce costs.
Allianz APAC posts 15% YoY jump in business volume for FY 2024
Taiwan recorded the largest NBV expansion with a 68% increase.
Crisis claims rise in APAC, says Willis report
21% of emergency repatriation incidents were due to political unrest last year.
Zurich Insurance Hong Kong bags double APE growth
The company’s customer net promoter score rose 15% YoY.
Australia's insurance sectors report revenue growth in Q3 2024
Both the life and general insurance market’s earnings climbed QoQ.
Allianz reports 16.7% increase in net income for FY 2024
It’s life and health segment saw the largest YoY increase of 14.7%.
Ping An Insurance partners with UK firm for advanced flood risk management
The agreement marks JBA’s first partnership in China.
CFC expands in Australia, rebrands Solution Underwriting
It plans to further extend into management liability, technology, media, and IP.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness