Insurance
Miller names new lead for Financial Lines, Asia
Miller names new lead for Financial Lines, Asia
William Seccombe will focus on forming a team of experts to boost Miller’s offering.
AXA’s 9M’23 revenue inches up 2%
It accumulated EU78.8b in gross written premiums and other revenues.
ASEAN segments drive AIA’s Q3 VONB, jumps 35% YoY
VONB growth was observed in Mainland China, Hong Kong, ASEAN, and India.
Shinhan EZ General Insurance enters the Indonesia market
It partnered with Tap Insure.
About 84% of foreign students in S.K. dissatisfied with national health insurance system
The reason was due to higher contributions required versus private insurers.
OJK releases roadmap for Indonesia’s insurance sector, focuses on four key pillars
The roadmap pushes for insurers to prioritise integrity, safeguard consumers and public interests, and bolster national economic growth.
Manulife Singapore targets rapidly growing high-net-worth market
New data suggests young beats old in appetite for investments.
Manulife Asia unveils new Chief of Comms
Sabrina Cheung will manage the region’s strategic communications and media relations.
Prudential’s new business sees 37% profit growth IN 9M23
It grew to $2.14b, year-to-date.
FM Global names new EVP of EMA, APAC, and Canada
He will take on his role beginning 1 January 2024.
20% of Singapore’s motor insurance claims are fraudulent – GIA
One of the biggest insurance frauds in Singapore falsely claimed about S$1.6m.
Asia’s mortality protection gap grim by 2030, prediction shows $119t rift: report
Cyber insurance market in Asia is projected to triple in size from 2022 to 2025.
FWD witnesses new business sales jump 22% in 9M23
The value of new business rose to $724m year-on-year (YoY).
Swiss Re registers $2.5b profit in 9M23
The company aims for more than $3b in net earnings for 2023.
Asia’s Q3’23 insurance pricing flat for the second quarter in a row
Overall pricing for the third quarter remained flat, similar to the previous quarter.
SG accident, health insurance to see highest growth of 6.7% annually
Personal accident and health insurance are poised to witness significant growth amidst a thriving general insurance landscape in Singapore.
IRDAI assembles taskforce for bancassurance
The share of banks as corporate agents was 5.93% of non-life insurance and 17.44% of new business premiums in 2022-23.
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1. Chubb names ex-AIG exec to lead commercial P&C in APAC 2. How 56% of insurers plan to boost data analytics use 3. Prudential raises over $530m from ICICI Prudential AMC sale 4. Universal life insurance market to reach $132.3b by 2033 5. Cost and low awareness limit health and life insurance uptakeResource Center
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AI isn’t replacing insurance, it’s finally making it work