Insurance
Demand for risk insurance in Asia 'steady' in 2023: Marsh
Demand for risk insurance in Asia 'steady' in 2023: Marsh
This is due to the expansion of the Asian market’s capacity for warranty and indemnity insurance
Bangladesh introduces new mortality and morbidity indices to life insurers
The new tables will take effect this 1 January 2024
Australia life insurance full-year 2022 net profit falls 59.3%
Investment loss was the main driver of the decreased performance for the year.
UOI names Wee Ee Cheong as new company Chairman
He will replace his father, Dr. Wee Cho Yaw, who will be retiring on 14 April.
APAC outperforms as global insurance M&A hit 10-year high in 2022
A slowdown in M&A deals in H2 offset some regions' performance.
Everest Re names Singapore chief executive
He currently holds the position of Head of Business Development in APAC.
South Korea reviews allowing insurers to conduct banking operations
A task force was formed to look into this.
Dai-ichi Life’s underwriting profitability to recover: Fitch
The ratings firm said that it also has ‘strong capitalisation’.
Ping An Bank Hong Kong branch granted insurance agency license
The bank will target its insurance offerings to high-net-worth individuals.
Only 1 in 8 can pay for medical costs associated with serious illness: survey
50% said that they have enough savings and a stable job to pay the medical bills
Property & Casualty drives AXA’s total sales revenues up 2% for FY2022
Underlying earnings per share increased by 12% compared to 2021.
Munich Re profits reach $3.62b in profit
The insurer beat its profit guidance of $3.3b.
Anil Wadhwani joins Prudential plc as new Group CEO
Wadhwani will replace current CEO Mark FitzPatrick
CoverGo appoints new APAC managing director
The new director is based in Singapore.
FWD Group buys Gibraltar BSN stakes to enter Malaysia's life insurance market
The Hong Kong-based insurers now own 70% of the Malaysian life insurer.
Natural hazard losses, inflation weigh on APAC reinsurers in 2023
Increase in costs of claims will add pressurers to profits.
Online selling platforms are new insurance intermediaries: report
The report aims to be a point of reference for government and industry discussion on insurtech.
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