Insurance
UniMed’s capitalisation hits strongest level in 2023
Thanks to low underwriting leverage and moderate investment risk.
Cheche and Tokio Marine boost China insurance ties
Tokio Marine & Nichido Fire Insurance was the first Japanese insurer to enter China.
Super Typhoon Yagi triggers IFRC insurance policy
Thanks to disaster relief demands in 2024 surpassing the fund’s $40m threshold.
Prudential targets 9% to 13% growth in H2 2024
However, analysts raised concerns about the impact of non-controlling interests.
WTW appoints new CRB head for Philippines
His role is effective 2 January 2025.
Car insurance premiums rise 16% in Australia
The average car insurance premium across the country is now $1,717.
HSBC Life Singapore bolsters executive team
Both roles will report directly to CEO Harpreet Bindra.
Manulife integrates GenAI in contact centres, rollout starts in Singapore
About 68% of agents used the tool within two weeks of its pilot launch.
Increased losses from disasters push Philippines’ general insurance premiums up
The industry is slated to grow by 14% this year.
Manulife IM appoints Calvin Lim as alternatives investment specialist
Lim was part of the private markets & alternatives team at Bank of Singapore.
China Life Insurance stays robust amidst national credit concerns
NBV increased by 18.6% year-on-year in the first half of 2024.
IFRS 17 pushes Korean insurers towards lower-risk products
S&P notes that insurers have been preparing by investing in long-dated bonds.
Chinese insurers shift to floating-return products amidst risks
Its P&C sector is under strain due to market volatility.
Fitch expects rising profitability for Urtrust in near term
Urtrust maintains a solid capital buffer to support its rapid premium growth.
Why are APAC retirees struggling with unexpected costs?
Over a fifth of respondents had not anticipated their retirement expenses.
HDI Global strengthens leadership with new managing director
Glanz has been serving as risk engineering manager for the APAC.
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Awards
Jul
07
Event News
Ashwini Karandikar urged firms to map every point where AI influences risk-bearing decisions this year
