Insurance
Japan’s major life insurers snatch 46% YoY profit surge
Japan’s major life insurers snatch 46% YoY profit surge
Similarly, core business profits also increased by 16.2% YoY.
Health insurance sector set for 8% annual growth
APAC is forecast to grow at the highest CAGR, fueled by chronic disease prevalence.
Munich Re taps new CEO for Beijing operations
He will succeed Steven Chang who will retire in March.
Nissay set for growth with $8.2b acquisition: AM Best
Nissay plans to integrate MLC with Resolution Life Australia after the deal.
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.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
