Insurance
Allianz Malaysia records 9.4% GWP growth in first nine months
Allianz Malaysia records 9.4% GWP growth in first nine months
The group’s total assets grew by 4% as of September 2022.
Generali Asia names new Hong Kong CEO
The new CEO has been with the company since 2016.
Taiwanese insurers and banks decreases exposure to China to record low
Aggregate exposure through loans, investments, and deposits contracted by 1% sequentially.
Chubb gets regulatory nod to increase stake in Huatai to 83.2%
Huatai is a holding firm for several companies in China.
nib purchases New Zealand travel insurance provider OrbitProtect
OrbitProtect was first established in 2005.
Electric vehicles to drive motor insurance growth in South Korea
The number of insured EVs tripled from 2018 to 2021.
Two out of three Hong Kongers continue to suffer from long COVID
Manulife launched a charity program to help people still suffering from it.
AXA denies rumours of exit in South Korea
The firm is the only foreign insurer in the auto insurance market of South Korea.
Motor insurance growth slows down in Singapore
Higher taxes led to lower car sales in August.
Hong Kong insurance regulator warns public of fake insurer website
The fake website has now been reported to the police.
Aditya Birla Capital, Nippon Life merger talks fail
The discussions broke down over disagreements on shareholding and governance rights.
Japan raises health insurance premiums for high-income elderly
The aim is to ease the burden on the working generation.
Higher insurance claims lead to underwriting pressure for APAC reinsurers
S&P said APAC reinsurers showed slower growth and subdued underwriting margins.
Insurers eyeing snapping up of controlling stake of BNI life unit
The lender is mulling selling 60% of its stake in PT BNI Life Insurance.
Tune Protect Re to diversify in the medium term: AM Best
The Malaysian insurer boasts a strong balance sheet.
IRDAI to push government to allow insurers to invest in unlisted companies
The move could unlock new funding avenues for startups in the country.
Significant portion of Aussie millennials plan to travel without insurance: ICA
Almost eight in 10 Australians under 30 are planning to travel more often.
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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