Insurance
SingWealth sets foot in Hong Kong with new insurance brokerage licence
SingWealth sets foot in Hong Kong with new insurance brokerage licence
It aims to replicate the financial services model it has established in Singapore.
Australians average two hospital insurance claims a year
21% rated hospital cover as their most essential form of insurance.
Final expense insurance market to grow at 4.62% CAGR
Urbanisation and the shift from traditional support systems are driving demand in APAC.
Ping An P&C maintains stable margins in new-energy policies
Ping An P&C’s capital and surplus rose 9.0% year-on-year.
Nippon Life posts 5.7% profit rise as core earnings climb in FY 2024
However, insurance gains declined slightly by 5.2%.
Taiwan’s life insurers post $2.22b in foreign policy sales
Investment-linked insurance products generated $311m.
Hong Kong insurers stay stronger under new reporting standard, HKRBC
Insurers applying for transitional measures are likely to recalibrate their operations.
Index shows 47.75% premium surge in India post-COVID
Male Indian policyholders continue to pay 20.12% more than female buyers.
VSS ends paper health cards as digital IDs go live in June
The VSS has developed a nationally integrated and centralised IT infrastructure.
Cambodian insurers grow Q1 gross premiums 6% to $102.3m
The industry’s financial income expanded 7% YoY to $11.9m.
Nepal Insurance Authority begins monthly KPI publication
The authority said it aims to support transparency, accountability, and evidence-based policymaking.
Japan’s LDP proposes National Health Insurance prepayment rule for foreign residents
Currently, resident foreigners who stay in Japan for over 3 months must enrol in the system.
How do employees in Asia feel about their coverage?
Rising medical trend rates are significantly outpacing salary increases.
South Korean insurers post $159m overseas profit in 2024
Asian operations posted a YoY decline in net income of $16.3m.
Singapore premiums rise sharply as health costs bite harder
Despite the rise in insurance costs, overall price pressures remain contained.
AXA to re-domicile Bermuda-based insurance unit to Hong Kong
The move will not affect ACRIB’s legal entity, organisational structure, or operations.
Generali completes sale of Philippine unit to Insular Life
In a previous announcement, this could result in a capital loss of ~$23m.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
