Insurance

Australia’s super system could save $1b under proposed tax reforms

One measure proposed to introduce uniform tax policies across all accounts.

Stable underwriting improves China Taiping Insurance's outlook

Capital and surplus increased by 2.4% in 2023, reaching $679m.

HK Express, AXA offer parametric delay benefit

If a flight is delayed by 90 minutes or more, passengers can claim a worldwide lounge pass.

Mental health claims surge amongst Aussie millenials, boomers

Men are 60% more likely than women to file such claims.

Climate change drives $600b in insured losses over 20 years

28 leading global insurers saw climate-related losses reach $10.6b.

China adds 91 drugs to national medical insurance list

The price of the newly included drugs will drop by an average of 63%.

ICA proposes 17 steps to improve strata insurance outcomes

Key proposals include stricter education requirements for strata managers.

Singlife appoints Amundi for its low carbon transition strategy

The company will allocate 20% of its public equities for Amundi to manage.

JD Allianz, JD Auto enhance Dida’s insurance offerings

This synergises JD Auto and JD Allianz into Dida’s platform.

AM Best affirms Meritz's outlook as stable

Its balance sheet strength is bolstered by its solid financial flexibility.

Philippines to modernise insurance data privacy practices

IC and NPC will jointly develop guidelines to ensure responsible execution.

Asia shies away from savings to protection products

This is to align with ICS and IFRS 17 standards.

Global insurance brokerage sector to reach $628.3b by 2032

The wholesale segment is anticipated to have the highest growth rate at 12.7%.

Removing 74% FDI cap may benefit insurers more: Chairman

This could remove the need for joint ventures, but int’l insurers may still favour local partnerships.