Insurance
South Korean insurers Q1 2025 net income contracts 15.8% YoY
South Korean insurers Q1 2025 net income contracts 15.8% YoY
Both its life and general insurance sectors recorded declines.
GIAJ enhances compliance support with new rules and seminars after leaks
It also announced the formulation of whistleblowing mechanisms.
Aon appoints new head of Client Services
Soh brings over 19 years.
Ping An ranks fifth amongst Chinese firms on list
Ping An reported $158b in revenue.
Insurers worldwide retain more risk as reinsurers limit low-layer cover
Life insurers face long-term pressure as they shift toward retirement-focused products.
Japanese life insurers pursue overseas deals as domestic growth slows
Insurers are expected to keep issuing hybrid capital to preserve credit quality.
Demand for professional indemnity insurance in Asia, Australia grows: Aon
However, insurers are cautious about high-risk developments such as renewable energy.
Swiss Re sees rising claims across sectors from heatwaves
Liability and health sectors witnessed a sharp rise in claims.
FWD Hong Kong promotes cancer genomics via MAX platform
It aims to educate the public on the benefits of early cancer detection.
Revised solvency rules could spur new wave of Malaysian insurance M&As
Insurers must provide capital for increased risk from floods, among other charges.
This week in insurance: Great Eastern delists, Income Insurance covers Jetstar-affected, Sout Korea general insurers stable
Tokio Marine also appointed new leaders whilst India’s life insurance market recorded growth.
IFC partners with QBE Asia to expand Building Resilience Index
The partnership aims to address the property insurance gap.
Canopius sells 21% stake to Samsung Fire & Marine Insurance
This marks SFMI’s third investment in Canopius.
APRA proposes capital relief to boost annuity competitiveness
Life insurers would be allowed to hold reduced capital for annuity products.
Asia sees sustained growth in construction insurance in 2024
However, insurers are pursuing profitability and program stability over the long term.
Zurich Takaful rolls out plan with payouts up to 12%
Only 58% of Malaysians are actively saving for the future.
Singlife offers funeral coverage of up to $9,000 via app
Funeral expenses in the Philippines often exceed $3,600.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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