Insurance
GCube urges insurers to close risk gap in renewable projects
GCube urges insurers to close risk gap in renewable projects
Severe risks have greatly impacted the project bankability of renewables.
Hannover Life Re to acquire Swiss Re’s direct life portfolio
The transaction is expected to be completed within 18 months.
China launches tip-off portal for insurance fraud reporting
Informants may receive a one-time reward ranging from$27.8 to $27,427.
AM Best expects CMB Wing Lung Insurance's capital strength to continue
The insurer’s capital and surplus rose to $400m (HK$3.1b) at the end of 2023.
Canopius taps ex-QBE exec for ANZ leadership role
He will report to SK Lee, CEO for APAC and MENA.
Dai-ichi Life acquires 15.1% stake in Challenger for $560m
It plans to acquire through its Australian subsidiary.
Manulife appoints new Chief Actuary
Hung Ko will also take on an expanded role following Stephanie Fadous’ appointment.
S&P says insurers can absorb South Korea wildfire losses
The fire was the worst on record since 1987.
Hong Kong expands ECIC cover with SME export support
ECIC will extend free pre-shipment cover for holders of its Small Business Policy.
S&P warns trade volatility may pressure reinsurer portfolios
Top 19 global reinsurers are expected to absorb around 20% of personal lines losses.
Australians spend A$138 monthly average on car insurance
A research also shows that 5% cancelled their car insurance altogether.
Cambodia insurance premiums rise 5.8% to $43m in January
This was larger than the previous month’s $34m.
Indonesia insurance premiums rise 6% in 9M 2024
The sector’s asset value also increased 3.81% YoY.
Taiwan life insurers’ foreign-currency policy sales rise 11% in January
Sales of investment-linked insurance products surged by 90% YoY.
Vietnam’s social insurance climbs by 9% YoY in Q1 2025
Participants in unemployment and health insurers also increased during the quarter.
Where is cyber insurance growing fastest across regions?
Asia/Oceania are expected to expand their market shares to 8% by 2027.
This week in insurance: Japan seeks int’l growth, Ping An cuts carbon footprint, Tokio Marine sells Mitsubishi stake
AXA Hong Kong and Macau also partnered with Ant Bank (Hong Kong) and AlipayHK.
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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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