Insurance
Tokio Marine suffers $400m loss from Taiwan COVID-19 cover payouts
Tokio Marine suffers $400m loss from Taiwan COVID-19 cover payouts
The loss will reflect in the quarter ending September.
ZA Bank launches short-term savings insurance in Hong Kong
The insurance has a 3.11% p.a guaranteed returns.
AIA Malaysia launches partnership with digital mental health platform ThoughtFull
The insurer plans to integrate the platform in its corporate solutions portfolio.
Worst Seoul flooding triggers more than $50m in motor claims
4,791 car owners have filed for insurance claims due to damages by the flood.
FWD unveils the omne insurance app
The app has partnered with ONE Esports and Nuralogix, amongst others.
Sompo Japan and Space BD cooperate for satellite launch cover
The partnership also hopes to create a cover for lunar transportation.
Mitsui Sumitomo to buy US reinsurance broker for $400m: report
The Japanese property insurer aims to expand its reach into the reinsurance business.
Marine, aviation, and transit insurance in APAC to balloon to $16b by 2026
It is estimated to grow at a CAGR of 6.4%.
General takaful drives Malaysia’s non-life insurance growth
Non-life grew by 4% in 2021.
Manulife Hong Kong launches new critical illness plan
The maximum payout could reach a potential HK$1m.
AXA reaches in $5.77b in gross revenues for Asia in H1
The insurer’s P&C business in the region grew by 7% YoY.
Generali reveals H1 financial results
P&C insurance line boosts premium growth for the insurer’s H1 performance.
Hong Kong receives fewer insurance-related complaints in H1
Complaints about conduct have the most significant number.
Great Eastern profits surge 11% to $365.5m for H1 2022
Shareholder profits, however, declined 25%.
Asia commercial insurance pricing increases sluggish in Q2
Pricing increased just 3% for the region, the same as last year.
Taiwan insurers cough up over $1b in COVID-19 claims
Some insurers took to selling properties to increase cash reserves.
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1. Hong Kong insurance C-Suite pay hits $3m as affluent client focus drives 2026 hiring 2. Etiqa and AIA expand Takaful access via 6,300 agents 3. HSBC Life pushes preventive care shift with new programme 4. Why Indonesia insurers face flat 2026 premiums 5. Tata AIA launches AI and mid-cap funds for ULIPsResource Center
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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