Insurance
APAC insured losses reach $11b in 2022: Aon
Australian flooding events were the costliest for insurers with $4b in insured losses.
Prudential to open Macau branch, appoints ex-AIA Macau CEO as general manager
The new branch is located at FIT Centre.
Taiwan’s National Health Insurance to cover robotic surgical procedures
The policy will take effect on 1 March.
Singapore Business Review’s Insurance Rankings sees slow growth amongst top 50 insurers
The top 50 insurers saw 5.1% growth in 2021.
Japanese insurers hikes premiums on LNG vessels in Russian waters by 80%
The price of insurance for LNG vessels could reach ¥20m.
Chubb taps Malaysia unit COO as new Singapore country head
The role is for the insurer’s general insurance operations in the country.
Vietnam insurers to benefit from interest rate hike
The rate hike will mean higher profits for insurers this year.
Life insurers take the lead in Hong Kong Business Insurance Rankings
Some life insurers saw their assets surge by as much as 44% in 2021.
WTW appoints new Taiwan head
The previous head, Charles Wang, has retired.
PasarPolis becomes one of Indonesia’s first full-stack insurtech
This was achieved through a partnership with Tap Insurance.
Hong Kong insurance regulator bans former insurance agent for fraud
The agent falsified academic records to meet the requirements to be an agent.
Zurich Japan and Aflac suffers data breach
The personal information of around 2 million people was reportedly stolen.
APAC nat cat losses breach $70b in 2022
Insured losses rose to $10b.
Why India will become the 6th biggest insurance market by 2032
Total insurance premiums is growing by 14% annually.
Manulife Hong Kong names new CEO
The new chief was the former CEO of Cigna.
Ex-AXA exec joins FWD Group as new group chief risk officer
He has over 30 years of experience in various risk, finance and actuarial roles.
Commentary
AI isn’t replacing insurance, it’s finally making it work