Insurance
International group sets stage for ICS implementation
The IAIS will begin developing an ICS execution evaluation methodology in 2025.
International group sets stage for ICS implementation
The IAIS will begin developing an ICS execution evaluation methodology in 2025.
FWD maintains stable VNB margin at 60.2%
Its value of new business (VNB) grew by 21.9% in 2023.
GIAJ admits gap between practices and public expectations
It unveiled its initiatives to rebuild the trust of its customers.
Hong Kong begins risk-based capital regime for insurers
This follows the enactment of the Insurance (Amendment) Ordinance 2023.
IAG caps natural perils costs at $1.3b
It also said it is on track to report FY24 profit and margin at the upper end of the guidance ranges.
HKIA finds firms adhere to new premium financing rule
However, the inspection also identified several areas needing improvement.
F&B industry underinsured against business interruption
29% said they are covered for property damage from extreme weather only.
2.6 million Australians don’t have health insurance
Meanwhile, general insurance gained more traction due to increased awareness.
Japan's auto insurance premiums set to rise in 2026
A rating organisation intends to raise its reference premium rates by an average of 5.7%.
Malaysia's general insurance to grow at 7.8% CAGR by 2028
The industry could see $5.0b in direct written premiums this year.
What five challenges do companies face transitioning to captives?
Only 5% to 6% of global captives are headquartered in the region.
Sun Life Singapore enhances whole life insurance solution for wealthy Asians
Main benefits include death benefit options and extended expiry age.
Igloo tells 3 strategies to captivate Gen Z in Southeast Asia
40% of Gen Z are worried about making poor financial choices.
Tokio Marine opens new financial advisory arm in Singapore
The life insurer aims to offer a more integrated financial service experience.
Insurers hold 9% to 12% in commercial real estate investments globally
China, whilst strong in absolute terms, is weak relatively.
Climate insurtech seals deal to offer parametric insurance in Asia
Extreme weather events cost global agriculture $10b to $15b annually.
Prudential Singapore gets new CEO
She will also manage Prudential Financial Advisers Singapore.
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Empathy can drive life insurance sales
![Empathy can drive life insurance sales]()
Successful agents know how to step into the shoes of their clients during an appointment.
Successful agents know how to step into the shoes of their clients during an appointment.
