Insurance
Manulife Asia Q3 2024 net income surges nearly ten-fold
Manulife Asia Q3 2024 net income surges nearly ten-fold
The group bagged a Q3 2024 net income of $1.8b.
Brokers must ensure timely claim notification: Clyde & Co.
Some policies allow, but don’t mandate, policyholders to notify any potential claims.
China Taiping Insurance sees robust capitalisation with TPG financial support
It is anticipated that CTPIS will build its life insurance segment over the medium term.
Construction Guarantee faces profit pressure amidst prolonged construction downturn
A notable rise in guarantee claims payments and reserves is expected to keep claims levels elevated.
K-pop craze may spur demand for Income Insurance’s hourly travel cover
The Singaporean insurer is targeting spontaneous travellers who love concerts.
Miller names new chief information officer
He has over 30 years of experience in IT.
Swiss Re sells iptiQ's European P&C unit to Allianz Direct
This move brings over 130,000 iptiQ customers into Allianz Direct's portfolio.
Pru Life UK introduces Philippines' first Takaful insurance
It collaborated with Takaful-experienced affiliates in Malaysia and Indonesia.
Great Eastern’s 9M 2024 earnings jump 39% YoY
Total weighted new sales and new business embedded value rose 19% YoY.\
Prudential’s APE sales up 7% to $5b for 9M 2024
Bancassurance sales were up 21% year-to-date.
FWD Group's new business value rises 6% to $623m in 9M 2024
New business sales rose to $1.4b.
Generative AI slashes P&C claim times by 50% – Bain & Co.
It could also decrease loss-adjusting costs by 20% to 25%.
Six in 10 in HK without critical illness insurance
Yet, only 67% would take concrete actions.
Aon Underwriting Managers names new chief officer
His career includes 12 years with Liberty Specialty Markets.
AIA Singapore, Whitecoat expand partnership to address healthcare affordability
Medical costs in Singapore are set to rise nearly 10.7% in 2024.
China Pacific Insurance’s conservative pivot strengthens earnings: S&P
It has reduced its high-risk asset holdings from 48% to 24% of its investment portfolio.
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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