Insurance

Chubb Life to focus on steady profit in Asia

This is supported by stable business growth and risk control in Hong Kong market.

Chubb Life to focus on steady profit in Asia

This is supported by stable business growth and risk control in Hong Kong market.

Korean insurers' profitability bolstered by strong CSM release

Insurers saw a 46% increase in net profits, attributed to the adoption of IFRS17.

Taiwan's new EV insurance plans to ensure fair pricing

Premium rates for EVs won't exceed those for gas vehicles by 50%.

Japanese insurer plans merger of European branches

The merger is aimed to be completed around the summer of next year.

Singapore leads in cyber insurance with 96% adoption rate

About 76% of businesses reinforced cyber defences to qualify for insurance.

AXA Hong Kong’s new plan covers 135 critical illness

This series provides up to 1,300% of the sum insured for major illnesses.

Insurance pivotal in risk resilience enhancement: Marsh

“There is No Planet B” author urged the sector to factor in risks of ongoing polycrisis.

India gains global interest from Zurich acquisition

India's financial services sector remains significantly underpenetrated.

Japanese insurers seeking alternatives to lower hail risks

2024 could potentially exceed ¥150b ($0.94b) in insured losses.

Indonesian insurtechs funding lead despite 79% industry nosedive

Total tech funding raised in the first half of the year amounted to $191m.

Oneglobal broking gets new Hong Kong executive

He will oversee the growth and development of Hong Kong and China businesses.

Climate change impacts wind turbine infrastructure, insurers advised

A 10% decline in wind speed can result in over a 30% reduction in output.

Prudential’s share buyback programme could narrow capital buffer

The buyback accounts for 11.2% of Prudential's 2023 reported shareholders' equity,