Insurance
Manulife HK, Macau reels in new Chief Agency Officer
Manulife HK, Macau reels in new Chief Agency Officer
He joined Manulife in 2019 as asst. Vice President, head of DBS Bancassurance.
7 in 10 Gen Zs doubt health in old age
Prudential emphasised the role of financial planning to manage future healthcare costs.
Global insurance market to hit $28.5t by 2032
Technology advancements may be lucrative for market players.
FM appoints new VP of staff insurance operations
This will take effect, starting 1 December.
Gallagher Re launches global tropical cyclone research consortium
Tropical cyclones have caused $710b in insured losses globally since 2000.
China Re's profitability consistent over five years: AM Best
Under IFRS 17 and IFRS 9, consolidated capital and surplus rose by 4.8% to $14.4b.
South Korea’s general insurance sector to hit $33.3b by 2029
Liability insurance, the second-largest segment, is expected to expand by 12.2% in 2024.
PH, Indonesia renew agreements to strengthen cross-border cooperation
Key initiatives include expert and staff exchanges and bilateral meetings.
Philippine HMO net income rebounds to $13.58m in Q3 2024
This is due to a 22.50% rise in total revenue.
India's insurtech revenue grows 12-fold to $750m over five years
Despite this, 45% of medical expenses are paid out of pocket.
Protection and indemnity combined ratio drops to 96% in 2023/24
The year was dominated by the Dali incident, which occurred in March.
Sompo Holdings' net profit soars by 99% to $1.7b in H1 2024
Ordinary income rose by 11.4% to $19.23b.
MAS updates rules on life insurance product launches
The changes aim to ensure adequate regulatory oversight.
Fitch expects Generali to back Hong Kong life unit’s expansion
Given its previous capital injections of HK$735m from 2018 to 2022.
China's insurance sector posts strong solvency in Q3 2024
China's insurance sector has maintained steady operation and adequate solvency in the third quarter, according to the National Financial Regulatory...
Worldcare rebrands as Allianz Travel Insurance in New Zealand
It now allows travellers to customise insurance packages.
China urges insurance firms to increase underwriting support for SMEs
The notice said banking institutions should continuously optimise financial services.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work