Insurance

IFRS 17 raises financial statement clarity: Fitch

APAC insurers are reconsidering product offerings.

Allianz PNB cuts product rollout by 30% with new partnership

The insurer aims for customers to receive policies in five minutes.

Australians pay $585 on average for car insurance

Insurance prices increased by 14% as of September last year.

Suncorp completes sale of Asteron Life to Resolution Life

Suncorp received $141.8m plus the estimated excess capital.

Premium finance market to grow 10% by 2032

The life insurance segment is expected to surpass $75b by 2032.

TONG YANG Life maintains stability amidst ownership change

Fitch notes that the transaction could impact business strategy.

First Insurance Limited remains stable amidst looming portfolio transfer: Fitch

The insurer remains open to new business until the transfer.

Stricter capital requirements to put pressure on Eka Lloyd: Fitch Ratings

The insurer would need to raise capital to meet the government’s $15m requirement.

Aon veteran to head commercial risk in Asia-Pacific

He will report to Joe Peiser, global CEO of Commercial Risk Solutions.

SCOR unveils global head of casualty, EIL

He replaces Daniel Carerras, who became Chief Underwriting Officer.

Howden’s insurance segment bags 14% organic growth in FY 2024

New talent also contributed 30% of the organic revenue growth.

4 in 5 S’poreans prioritise financial control as economic sentiment looms

Inflation and cost of living remain the top economic concern for Singaporeans.

Lippo General Insurance launches telematics app for safe driving

The app analyses real-time driving data and offers a reward system.

Aon reels in new head of Taiwan

She joined Aon back in 2014.

WTW posts $88m loss in FY 2024

Revenues for the year increased 5% YoY.