Insurance
Chubb records a 3.1% dip in Q1 net income
Net profit amounted to $1.89b.
Ping An Insurance books $5.55b Q1 net profit
Net income grew nearly half on a year-on-year basis.
AIA China received regulator approval to operate in Henan
The insurer is now active in nine provinces and urban areas in China.
NorthStandard opens Asia HQ in Singapore
The new HQ shows the firm’s continued service post-merger.
Manulife rebrands its fund management arm in China
The change of name is tailored to its global operations.
America's Gallagher debuts Japan insurance brokerage
The brokerage will support the reinsurance team in Tokyo.
Prudential debuts financial advisory arm
The firm will be managed by industry veteran Bernard Chai.
Asia’s economic loss due to natural catastrophes reached $5.39b: Gallagher Re
This was 7% of the estimated total economic loss of US$77b, globally.
Manulife names new chief strategy officer, chief communications officer for Hong Kong and Macau
They both report to Hong Kong and Macau CEO Patrick Graham.
Allianz Trade expands excess of loss team in APAC
The company expects businesses to demand more support and protection in 2023.
AIA Group appoints ex-IHH Healthcare CEO as group chief healthcare officer
Kevin Loh was the managing director and CEO of IHH Healthcare Berhad.
FWD Singapore enhances home insurance offering with cyber fraud protection
More than a third of scams in Singapore involves data stealing and online shopping.
P&C insurance must close protection gaps or risk becoming irrelevant: McKinsey & Company
P&Cs in the Asia Pacific stand at only 0.5% of real GDP or half of the global penetration ratio.
China’s IAMCs can benefit from liberalisation: Cerulli
IAMCs, regardless of foreign ownership, have the ability to provide expertise in investment and research.
Reinsurer Canopius picks David Hoffman as Marine Underwriter
This is in line with the firm’s continued APAC expansion.
InsuranceDekho building one-stop-shop to solve India’s fragmented insurance ecosystem
The insurtech firm secured $150m in Series A funding round
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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.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness