Insurance
Canopius sells 21% stake to Samsung Fire & Marine Insurance
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.
Income to fully reimburse policyholders affected by Jetstar Asia closure
The airline is expected to report a net loss this financial year.
Tokio Marine taps former AIA, Singlife execs for key leadership roles
A new CFO and CEO has been appointed.
AM Best sees South Korea's non-life growth in health and property lines
Ongoing regulatory changes are driving insurers to strengthen capital.
India life insurers post steady May growth despite policy volume drop
Annual Premium Equivalent by 14.4%.
Allianz signs MGA deal with Hydor for Asia marine liability cover
Hydor will be authorised to underwrite a range of marine liability products.
Asia M&A buyers to boost use of R&W insurance in 2025
45% of respondents foresee a notable increase in the use of deal insurance.
ICISA sees insured exposure grow 9.3% in surety segment for 2024
Premiums written increased by 7.4%.
Beazley appoints Stefan Wunderlich head of Parametric Insurance
Wunderlich joins from Swiss Re.
Fitch sees APAC insurers stable in 2025 with capital buffers
Life insurers are focusing on quality through conservative investment strategies.
Dai-ichi Life, Capgemini set up tech centre to support global IT
Dai-ichi Life aims to eventually bring operations in-house.
Generali Hong Kong bets on short-pay model in competitive life market
The plan is designed to support both wealth accumulation and legacy planning.
KP&I outlook revised as underwriting volatility concerns resurface
KP&I reported a net loss of $5.4m last fiscal year.
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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.
