Insurance
Philippine state insurer raises heart disease coverage
Philippine state insurer raises heart disease coverage
Filipino inpatients can avail of the coverage under two benefit packages.
Taiwan raises labour insurance premium to 12.5%
The current rate stands at 12% of the insured party's monthly salary.
New policy caps Malaysia’s health, takaful premium hikes under 10%
Medical cost inflation in Malaysia reached 15% in 2024.
Reinsurers set to achieve sub-90% combined ratios: Gallagher Re
The property catastrophe market saw reduced risk-adjusted pricing.
Reinsurance contract structure for 2025/26 policy year finalised
The group maintains three private placements.
FWD Japan to welcome incoming CEO, President
He previously worked with MetLife Insurance K.K.
Markel reels in new executive to boost APAC operations
He previously worked at Zurich Insurance in London and Singapore.
South Korean insurers bag $80b in premiums for H1 2024
Net income of all insurers for H1 2024 amounted to $6.49b.
SFC permanently bans former specialist for insurance fraud
Chan was sentenced to 20 months' imprisonment on 2 February 2024.
Prudential unveils new chief economist
They hold over 30 years of industry experience.
New Zealand records nearly 10,000 claims for damage from landslides
Losses from landslides have totalled $170m since January 2023.
HSBC Life Singapore names new chief agency development officer
He previously served as CEO of Infinitum Financial Advisory.
Micro insurance market to grow 6.5% annually until 2032
Asia-Pacific market accounted for 35% of global revenue in 2023.
Seth Peller named CEO of Marsh McLennan Hong Kong, Macau
He will take on the title alongside his current role as CEO of Marsh McLennan Taiwan.
Pru Life UK opens new BGC headquarters in Manila
The insurer’s total workspace in the country is now at 100,000 sq ft.
Taiwan insurance sector profits hit $11b in November
Thanks to the life industry’s $10.12b profit contribution.
AIA expansion may temper capital buffer strength
It’s interest rate fluctuations may introduce volatility to its capitalisation.
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1. Asia-Pacific insurers turn to emerging market debt for yield 2. Japanese life insurers pivot to offshore M&A as domestic market peaks 3. Singapore eyes new corporate structure for insurance risk transfer 4. India renewables face $55b climate loss risk 5. BMS opens Mumbai capability centreResource Center
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Claims delays reshape customer loyalty patterns in Indonesia insurance sector.
