Insurance
Great Eastern’s profit triples in H1 2024 to $435m
Great Eastern’s profit triples in H1 2024 to $435m
Thanks to higher insurance profits and favourable investment return.
FWD and ESDlife debut health and wellness platform
The insurer saw health insurance claims surge last year by 18%.
AXA HK, Macau unveil new travel insurance via partnership
It offers coverage in personal liability of up to $260m.
FWD Group's earnings set to improve, says Moody's
Geographic diversification of VONB sources has also improved.
Munich Re’s technical performance boosts market position
The reinsurer reported a strong net income of $2.3b in Q1.
Geopolitical instability heightens need for robust ERM: WTW
60% of companies enhanced their processes to manage political risks.
Increased liquidity drives growth in APAC secondary market
BMS Asia experts explain why M&A insurance is critical in facilitating secondary deals.
Beazley reels new head of APAC
She joined the company back in 2007.
Delta Underwriting strengthens team with Lisa Leow
Her role is effective from 1 August.
HKIA and SFC probe Tahoe Life's investment dealings
HKIA appointed last week joint and several managers to take control of the insurer.
Cyber insurance can ‘avoid severe financial setbacks’ like CrowdStrike incident
A WTW director shares long-term solutions to incidents like CrowdStrike.
Hive Health secures $6.5m in Pre-Series A funding
It aims to expand healthcare access for SMEs in the Philippines.
Singapore insurers thrive under RBC 2 Regime
MAS had introduced the capital regime back in 2004.
State-insurer allocates P18.5b for emergency loans in calamity areas
Three in 17 regions were declared calamity areas by tropical storm Carina.
Taishan P&C’s efforts to improve underwriting boost
Increased investment in asset management products has slightly reduced liquidity.
Insurance authority intervenes amidst Tahoe Life financial woes
Despite appointing advisors in 2023, the insurer failed to provide deliverables.
Aon’s net income dips 1% YoY in H1 2024
This was equivalent to $1.63b.
Commentary
AI isn’t replacing insurance, it’s finally making it work