Insurance
Indonesia life insurance premiums down 5% to $13.05b in 2018
Indonesia life insurance premiums down 5% to $13.05b in 2018
Income from the bancassurance channel took a hit.
AIA operating profit jumped 13% to $5.3b in 2018
Annualised new premiums grew 15% to $6.5b.
Hong Kong general insurers reverse from loss to $74.27m profit in 2018
Overall net premiums hit $4.49b.
Korea to tighten health insurance for expats
Foreigners with delayed insurance payments will face visa-related penalties by May.
E-commerce firm Synagie Corporation unveils lifestyle insurance mobile app
Kaisu.me will provide a 12-month accidental screen damage protection for new mobile phones.
87.7% in Vietnam covered for health insurance
Vietnam has paid $1.69b worth of insurance benefits in the first two months of 2019.
Sompo Japan Nipponkoa Insurance-Line tie up to allow insurance gifting
The policyholder can get a payout of $89 after an earthquake with an intensity of lower 6 or above hits their neighbourhood.
Great Eastern ventures into esports with Singtel partnership
This is Great Eastern’s first foray into esports.
Singapore-based insurtech startup CXA Group raises US$25m
Singtel Innov8 and HSBC pitched in.
China to eclipse US as world's largest insurance market by 2030s
The CAGR hit 16% for the non-life segment and 17% in life from 2013-2017.
One in 10 Hong Kong SMEs do not have insurance protection: survey
Only a fifth of SMEs have insurance protection against business interruptions.
Vietnam to boost life insurance coverage to 15% by 2025
Only 8% of the population currently has a life insurance plan.
China Re unveils renewable energy consortium for Chinese offshore windfarms
The consortium can provide capacity of up to $225m per risk.
Korea cracks down on third-party agent selling
The move will enhance transparency and reduce risk of mis-selling.
Samsung Life in talks to buy 20% stake in Bao Viet Life: report
The move comes after the Vietnamese government’s plan to privatise SOEs.
Insurers gear for Hong Kong's $1.27b national health insurance programme
The Voluntary Health Insurance System will offer $1,000 in tax benefits to lure residents.
Chinese insurers premium income up 24% in January
Premium income hit $126.61b at the start of the year.
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