Insurance
Canopius names Micia Yong APAC head of Property & Specialty Treaty
Canopius names Micia Yong APAC head of Property & Specialty Treaty
She brings over 16 years of experience in reinsurance underwriting and broking.
Japan health ministry plans upfront premiums for foreigners
The measure targets low payment compliance amongst foreign residents.
APAC motor insurance slated for 5.6% CAGR by 2029
China, Japan, Australia, South Korea, and India are top market performers.
GIAJ reports public gaps in awareness of fraud impact
Nearly 60% were unaware of industry efforts that work to combat insurance fraud.
MSIG Malaysia names Ang Yien Chia as new CEO
Chua Seck Guan retires after a 42-year career in the industry.
Prudential announces ICICI asset manager IPO filing in India
As part of the IPO, plans to sell up to 10% of its shares.
AIA launches GlobalFlexi plan with 6.5% return potential
The plan also includes a Health Impairment Option, a first in the market.
Why do Australians rank health insurance highest on financial value?
One-fifth believe extras cover offers the best return on investment.
OCBC supports Great Eastern in lifting share suspension after vote
GEH will issue bonus shares, including a new class of non-voting shares.
Cyber insurance outlook stable, supported by new capital and regulation
Growth is expected to be driven by SMEs in Asia and Europe.
Taiwan life insurers gain 36% in investment-linked products
Traditional insurance product sales reached $3.59b.
Hyundai Marine & Fire strengthens profits with high-quality bond assets
Despite rate pressures on its auto line, HMF posted 15.8% ROE last year.
Agricultural insurance market to hit $67.4b by 2032
High premiums and limited access for marginal farmers could constrain growth.
Zurich Japan, Traveloka offers extra points for airline and travel insurance customers
This is for Japanese travellers who purchased airline tickets and travel insurance.
South Korea proposes shift in insurance from hours to income
The revisions would mark the first major change to the system since 1995.
Asia-Pacific leads livestock insurance market with 39.7% share
Globally, the market is projected to grow to $8.5b by 2034.
Singapore-based petrochemical conglomerate secures $350m cover from ICIEC
The Islamic Development Bank (IsDB) Group is also investing $150m.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
