Insurance
Fortitude Re completes $4b reinsurance deal with Taiyo Life Insurance
Fortitude Re completes $4b reinsurance deal with Taiyo Life Insurance
The deal transfers a part of Taiyo Life’s whole life annuity business to Fortitude.
Taiwan life insurers face rising health insurance losses, report warns
Although, interest surplus remains the primary driver of profitability.
GIAJ approves guidelines to enhance insurance agent business quality
Education and examination system for agents and solicitors will also be improved.
Thai council urges OIC to review new co-payment health insurance rule
The rule requires policyholders to pay up to 50% of medical expenses.
Generali secures full ownership of Generali China Insurance Company
The acquisition will have an estimated -1 percentage point impact.
Allianz Partners, Mitsui Sumitomo Insurance ink deal to expand in New Zealand
The partnership will be useful to MSI's expanding travel insurance offerings.
AXA, Marsh, Link introduce sustainability-linked insurance model
This is due to real estate and insurance industries facing rising risks from NatCat.
JMT, Igloo form joint venture for digital insurance
This marks Thailand’s first fully digital insurer.
Edge computing growth to enhance insurance sector: Allianz Commercial
It boosts the sector by automating workflows and enhances real-time data analysis.
Reinsurers enjoy favourable pricing at April 1 renewals across APAC
The relatively low NatCat losses in the region led reinsurers to deploy more capacity.
Sunshine Insurance net profit soars 45.8% in FY 2024
The group’s customer base reached 30.19 million last year.
Sri Lanka appoints experts from finance, law, and insurance to Commission
The appointments were made by President Anura Kumara Dissanayake.
Insurers may cover only 25% to 33% of disaster damages by 2030
Insurers also expect to gain up to 15% revenue rise from AI and tech boost.
Mitsui Sumitomo to invest $4b for 15% stake in W. R. Berkley
MSI expects to finalise the investment within the 2025.
MS Amlin opens Sydney office to expand APAC reinsurance business
Matt Botfield was appointed as head of Australia and New Zealand.
Prudential partners with Thomson Medical to expand IP specialist network
IP customers will have access to approximately 100 additional specialist doctors.
HKIA considers smoothing mechanism for insurance commissions structure
It also reported a 99.9% compliance rate with Continuing Professional Development (CPD) requirements.
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