Insurance
Fidelidade Macau to retain earnings, strengthen capital
Fidelidade Macau to retain earnings, strengthen capital
Fitch expects the risky-asset ratio to remain consistent.
NongHyup P&C Insurance benefits from NACF’s support
Its capital and surplus saw significant growth in 2023 due to IFRS 17 adoption.
Sun Life HK, HKMC partner to promote flexible retirement planning programmes
Hongkongers expect to retire at an average age of 66.
Delegated underwriting authority enterprises benefit from excess and surplus
Investments in technology and talent have further fueled the segment’s expansion.
China's personal insurance sector to grow 5% to 10% annually
Pension and health products are expected to account for 50% of the market by 2035.
GIC Re sees profit surge 24% YoY in H1 2024
Meanwhile, underwriting loss reduced to ₹2,376.95 crore.
Australian insurance market improves in H1 2024 amidst increased competition, choices
Post-pandemic business changes continued to impact the life insurance market's profitability.
ASEAN insurers struggle with quality, and accessibility in healthcare
Private health insurance was valued at approximately $7.5b in 2023.
Gov’t plan to reduce stake may shake Seoul Guarantee Insurance’s status
Fitch also forecasts a decline in underwriting profitability through 2024 due to rising claims.
Tune Protect sees Q3 profit surge 50.3% YoY, YTD loss
YTD insurance revenue contracted 12.3% YoY.
AIA China expands with new Zhejiang branch
The planned expansions may tap into an additional 100 million potential customers.
AIA Group appoints Fisher Zhang as new regional chief executive
He will oversee operations in China, South Korea, and Vietnam.
Aon to acquire Mitsubishi Chemical Group’s insurance agency
The insurance agency, part of Dia Rix, provides corporate and personal insurance.
AIA’s medical plan introduces first-in-market rewards system
The plan integrates Signature Healthcare Circle, concierge services, and personalised health programmes.
Thailand's insurance policies grow 6.13% in Q2
Number of policies increased 6.13% YoY.
InLife’s retirement plan guarantees monthly payout
The plan also includes a life insurance component.
Japan's Property Insurance to Hit $27b by 2028
However, a recovery is anticipated in 2024.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
