Insurance
Allianz becomes largest spending insurance brand in sports in 2024
The company has 52 sports sponsorship globally.
ILS market expands to $46b amidst rising reinsurance prices
Investors have reaped substantial benefits from wider risk margins.
Global reinsurers increase natural catastrophe exposure by 14%
In 2023, global insured losses from natural catastrophes reached $108b.
South Korea’s insurers bag $7b in earnings for H1 2024
This was equivalent to a 2.8% YoY rise.
Miller names new sports and entertainment head for APAC
Krishnan's previous roles include positions at the Singapore Sports Council and ESPN STAR Sports.
Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024
Both long-term and general business recorded YoY growths.
Toa Re’s improved underwriting to boost financials overtime
Its FY 2023 net profit saw $110m.
Reinsurers see 6% growth in premiums
Reinsurers faced changes driven primarily by the implementation of IFRS 17.
Japan’s Shanshan brings major losses
The typhoon reached peak intensity on 27 August.
Asian insurers shift to private credit amidst new RBC rule
APAC insurers allocate an average of 6.4% of their portfolios to illiquid credit.
China Taiping’s net profit leaps 19.4% YoY in H1 2024
EPS stood at HK$1.54.
Allianz Life enhances employee benefits in Malaysia
Some of the benefits include priority admission and cashless outpatient radiotherapy treatment.
IFRS shifts AM Best’s reinsurance list
Munich Re topped this year’s rankings with $32.9b in revenue.
Zhong An’s H1 2024 earnings fall 24.5% YoY
Its EPS stood at RMB1.11 cents.
Over 4,000 BFSI assets wrongly exposed in SEA
About 300 internet-facing assets can be exploited.
Peak Re’s capitalisation remains robust amidst strong profits
Its net profit reached $200m in 2023.
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Empathy can drive life insurance sales
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Successful agents know how to step into the shoes of their clients during an appointment.
Successful agents know how to step into the shoes of their clients during an appointment.
