Insurance
Mitsui Sumitomo to invest $4b for 15% stake in W. R. Berkley
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.
1 in 5 HK execs rate financial crime compliance programmes effective
Key challenges include a lack of technology and investment.
Sun Hung Kai Properties Insurance keeps strong underwriting profitability
It also outperformed industry peers, AM Best notes.
Fitch expects Marein to sustain prudent investment practices
It held a 14% market share of Indonesia’s total reinsurance premiums end-2024.
HKIA sets 6% illustration rate cap on HKD policies
Caps apply only to internal rate of return used in benefit illustrations at the point of sale.
Myanmar quake shows urgent insurance need in Asia: Howden
Myanmar is considered to have a low insurance penetration rate.
Few Singapore SMEs have cyber insurance
They seek to ward off cyber threats but not through insurance.
BFSI sector leads cyber insurance adoption at 35% to 40% share
This was followed by the technology and IT sector at 30%.
Howden sees January premiums rise 4.5% on higher volumes
Premium growth was driven by increased demand for reinsurance.
Fitch expects Helia Insurance capital buffer sufficient against downturn
The insurer is one of Australia’s largest lenders' mortgage insurance provider.
Malaysia’s healthcare system faces funding, cost challenges
The report also highlighted the key factors contributing to the escalating healthcare costs.
Indonesians tend to delay travel insurance purchase
Four in 10 purchase coverage within zero to four days of departure.
CTF Life earns SBTi approval for its carbon reduction targets
It targets to reduce absolute Scope 1 and 2 GHG emissions by 37.8% by 2029.
Vietnam’s life insurance sector slated for dip this 2025
This follows consecutive contractions of 12% in 2023 and an estimated 5.7% in 2024
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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.
