Insurance
LIAJ Chair shares three pillars the industry will focus on this 2024
LIAJ Chair shares three pillars the industry will focus on this 2024
The chair also hopes to improve the industry through changes in life insurance tax deductions and financial regulations.
APRA retires two Prudential Practice Guides
Current risk management expectations, including areas covered by GPG 250 and LPG 250, are already tackled in Prudential Standard CPS 220 Risk...
Stable investment income shields HLIA against market volatility, driving fiscal optimism
The insurer carries a strong balance sheet, operating performance, limited profile, and appropriate risk management.
HKIA rules face 2024 overhaul, await legislative approval
There are four draft rules covered in the second round of consultation.
Digital Dilemma: Risk or Resilience?
Making data centres and telecommunications infrastructure more resilient to a wetter, hotter climate has never been more important.
Dai-ichi seen to cushion Partners Life's Expansion in New Zealand with capital support
Dependency on third-party reinsurance could offset the insurer’s standing.
Noto Peninsula quake could drive total insured losses to $6b – Moody’s RMS
The losses account for property damage, contents, and business interruption across various sectors.
Taiwan’s insurers witness decrease in life, non-life jumps in November
Life insurance fell 47.7% in pre-tax profits whilst non-life jumped more than double on a year-on-year basis.
Stable outlook for Etiqa General Insurance: AM Best
Enterprise Risk Management (ERM) is deemed appropriate for the company’s capabilities.
ICNZ names incoming chief executive, Grafton stepping down on 7 April
Kris Faafoi is a former Cabinet Minister.
Japan's major non-life insurers set to weather earthquake losses, strong capital buffers to cushion impact
AM Best said the major non-life insurers carry diversified portfolios and strong capital positions.
Indonesia bumps up minimum equity requirement amidst financial dilemma: Report
The new rules also require a minimum investment of IDR1t for starting new insurance businesses.
Generali buys 100% of its Chinese P&C insurance line
The estimated impact of the groups’ Regulatory Solvency Ratio would be -1 p.p.
Australia’s general insurance sector to surge 9.1% by 2027
The industry is seen to grow by 9.5% in 2023 and 9.8% in 2024.
FSC revises fire insurance, extends scope and coverage to other building types
This revision aligns with the compulsory fire insurance requirement in Korea.
Hang Seng Bank launches investment and life insurance plan
70% of Hong Kongers were unprepared for their parents' healthcare costs and children's educational expenses.
Partner insurer payout leaps 23% YoY through Ant Group's insurance arm
Health insurance claims contributed about 5 million claims processed by partner insurers on Ant Insurance
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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness