Insurance
Carrot granted exclusive behavioural-based insurance use in auto
Carrot granted exclusive behavioural-based insurance use in auto
Since the launch of its BBI product, the accident rate amongst its customers has been at 12%.
HKIA fines AIA International $3.0m for AML lapses
The insurer said conclusions were technical in nature with no findings of money laundering activities or inappropriate onboarding.
Vietnam’s non-life sector attracts robust foreign direct investment
Recent regulations supported the industry’s stable outlook.
Dhipaya Insurance’s solid 2023 earnings supported by investment gains
The insurer has a strong presence in Thailand’s non-life insurance market, said AM Best.
United Overseas Insurance’s focus on Singapore market yields stable earnings
UOI's balance sheet strength is supported by its risk-adjusted capitalisation.
NTUC Enterprise, Income Insurance defend Allianz deal amidst stakeholder concerns
Suee Chieh Tan claimed that NTUC Enterprise raised its stake in the co-operative.
Great Eastern granted deadline extension to restore its public float
The insurer was given a deadline of 23 October.
Aviation insurance to soar at a 20-year high in 2024
Collision and crash incidents account for 63% of claims in aviation insurance sector.
Insurtech funding in Q2 2024 highest in five quarters
Global funding bagged $1.27b.
HKIA bans four, fake certificates in agent applications
Three of the individuals presented certificates from a non-existent university in China.
SunCar Technology lengthens partnership with China Continent
Higher service sales from the existing partnership drove this move.
Only a fifth of Asia, Africa’s natural disaster losses insured in H1 2024
Total losses from natural disasters amounted to $40b.
HKIA sets fees for insurance intermediary licences from September
It plans to use the fees for enhanced public education and training.
AXA Philippines reveals new CEO, President
His role is effective 1 October.
AIG's Q2 2024 net premium written falls 8%
It accumulated $6.9b during the April to June period.
Chubb Australia to recover gradually after 2022 investment losses
Its reputation is expected to remain strong, S&P Global Ratings said.
Singlife's GROW platform expands with low-fee JPMorgan fund
The share class is designed to help CPF members meet long-term retirement goals.
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1. 2025 salary hikes expected in Singapore's insurance sector 2. New India Assurance works to tighten underwriting, risk controls 3. NRIC numbers invalid for key insurance transactions 4. Non-life insurers told to upgrade tech to drive growth 5. Hong Kong’s insurance sector could see 3% to 4% salary hikes in 2025Resource Center
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