Insurance
Hanwha Life to keep near-term capital strength despite low rates
There is enough buffer to resist volatile assets and support growth.
ZhongAn Online P&C's 2020 net profit hits $85m
Gross written premiums grew 14.2% to $2.6b.
'Very few' digitalisation barriers for Singapore insurers: report
The central bank assumes a tech-agnostic regulatory approach.
MSIG Thailand launches usage-based car insurance plan
CEO Rattapol Gitisakchaiyakul reveals the driving force behind the idea.
Too early to estimate costs of Sydney floods: report
Suncorp and Insurance Australia Group have received 1,300 and 2,100 claims, respectively.
Allianz Life Malaysia floats new investment-linked plan
Allianz PrimeCover has three options for premium payment terms.
Indian regulator urges insurers to be more transparent
There should be systems for policyholders to track their claims.
China scraps foreign ownership cap on insurers, but adds security rule
A review shall be conducted if an investment affects or may affect national security.
Philippine non-life insurers stable but pitfalls remain: report
The sector had one of the highest five-year compound growth rates before COVID-19.
Fairfax Asia pushes cash offer for Singapore Re
Offer price is S$0.3535 per share.
Indian health insurers barred from raising premiums whilst upgrading plans
Insurers can still make minor modifications.
Singapore general insurers post flat growth in 2020
Underwriting profit reached S$237.3m.
ZA Tech, PFI Mega Life to drive digitisation of Indonesian insurers
The two firms will cocreate products and digital solution.
FY2019-2020 significantly challenging for Aussie general insurers
Almost 33,000 code violations were reported.
Philippine insurers 'firm' despite shrinking capacity: report
Pricing has risen across several segments.
Positive momentum in China to prop up AIA's business growth
Strong capitalisation is likely to be maintained despirte headwinds.
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AI isn’t replacing insurance, it’s finally making it work