Insurance
LIC embedded value soars to $72b in just six months
LIC embedded value soars to $72b in just six months
The jump in value was attributed to splitting of policyholders funds.
Insurtech unicorn bolttech acquires AVA Insurance
bolttech General Manager Yen Yen Koh to oversee AVA’s operations.
China releases new ‘blacklist’ for life insurance products
Nine clauses were added to the 73 that were on the list in 2021.
AIA Group creates new pan-Asian health insurtech venture
AIA has teamed up with a South African health insurer for this new business.
What’s in store for Asia’s insurance industry in 2022?
Aon’s latest Asia Market Review reveals key areas of opportunities in 2022.
FWD extends free vaccination complication cover in Hong Kong
The extension is until 30 June this year.
Manulife Hong Kong readies for flood of demand from Chinese visitors
Strong group performance boosted by border opening between Macau and China.
Prudential launches new critical illness cover
The plan provides HK$100 protection for every HK$1 premiums
AXA completes sale of insurance operations to HSBC
The business was sold for $529m.
India state-run LIC files $8b IPO papers
India’s biggest life insurer plans to sell 5% of its shares.
Singapore life insurance industry records 23% growth in 2021
New business premiums reached $3.99b from January to December last year.
Prudential announces hunt for next Asia-based group CEO
Current group leader Mike Wells will be stepping down by the end of March.
Manulife Singapore launches inheritable lifestyle insurance
The product allows you to give loved ones the entirety of the policy.
Manulife reports whopping C$7.1b net income in 2021
Surge in profits mainly driven by global wealth and asset management growth
Blue offers HK$200 voucher for vaccinated WeCare policy holders
The offer is only until 30 April 2022.
Australia general insurance industry to balloon to $73.6b by 2026
Increased vehicle sales and demand for nat-cat policies helped boost the industry.
Chubb SG and StarHub launches insurance coverage against cyber-bullying
The product will also protect customers from other online threats.
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