Insurance
Guy Carpenter estimates CrowdStrike outage loss ~$1b
Guy Carpenter estimates CrowdStrike outage loss ~$1b
A malicious attack on a widely used operating system could birth $2b in losses.
Manulife Asia’s profit quadruples, Hong Kong segment doubles core earnings
The group’s NBV margin improved by 3.4 percentage points.
Global insured NatCat losses hit $60b in H1 2024
The US alone experienced 12 severe storms in H1.
DUAL expands portfolio with W&I insurance offering
It will be led by Jordan Schwarz.
No lifetime cap on Bupa’s latest medical insurance plans
It has annual benefit limits ranging from HK$5m to HK$10m.
RLA sustains low financial leverage, aided by Aus-NZ operations
RLA's underlying earnings remained profitable.
China P&I's investment in CMBC dominates asset portfolio
The past five years saw an average return on equity of 5.3%.
China encourages continuous medical insurance participation
Policyholders of 4-straight years are eligible for an annual increase of ~$140.
Vietnam's digital push aids 70% of social insurance payouts
VSS also achieved non-cash payments for 3.4m beneficiaries.
Tesla sets up brokerage to offer insurance in China
The newly established company has a capital of $6.92m.
Talcott Financial enters reinsurance deal in Japan
It also expanded its APAC presence with a new appointment.
What risks insurers warn of in evolving motor insurance sector
Hong Kong’s push for EVs has insurers dissecting the risks and rewards in the evolving motor industry.
Ping An ranks 53rd in the Fortune 500 list 2024
Marking their 15th consecutive year on the list.
Howden Re boosts cyber reinsurance with new appointment
The company forecasts the cyber insurance market to reach $40b by 2030.
Tokio Marine's Q1 2024 net income surges 55.3% YoY
Its international business reported the largest gains.
Etiqa’s sustainability efforts focus on education and engagement
In 2022, Etiqa’s focus shifted from traditional corporate social responsibility plans.
SBI General Insurance, HSBC seal bancassurance partnership
The bank will offer SBI General Insurance’s entire non-life offerings.
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1. Top 50 list shows recovery in Hong Kong’s insurance premiums 2. 2025 salary hikes expected in Singapore's insurance sector 3. New India Assurance works to tighten underwriting, risk controls 4. NRIC numbers invalid for key insurance transactions 5. Munich Re eyes $6.3b net profit in 2025Resource Center
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