Insurance

Higher insurance claims lead to underwriting pressure for APAC reinsurers

S&P said APAC reinsurers showed slower growth and subdued underwriting margins.

Higher insurance claims lead to underwriting pressure for APAC reinsurers

S&P said APAC reinsurers showed slower growth and subdued underwriting margins.

Insurers eyeing snapping up of controlling stake of BNI life unit

The lender is mulling selling 60% of its stake in PT BNI Life Insurance.

Tune Protect Re to diversify in the medium term: AM Best

The Malaysian insurer boasts a strong balance sheet.

IRDAI to push government to allow insurers to invest in unlisted companies

The move could unlock new funding avenues for startups in the country.

Significant portion of Aussie millennials plan to travel without insurance: ICA

Almost eight in 10 Australians under 30 are planning to travel more often.

Indonesian government to accelerate policy guarantee agency

This aims to protect policyholders in the event an insurance company goes belly up.

Chubb appoints new regional head of consumer for APAC

He has over 20 years of experience in the insurance industry.

Singapore life insurance new business premiums down by 5.9% in Q3

However, take up for new policies picked up by 12.8% in the quarter.

Hong Kong regulator warns public of phishing scams on Whatsapp

The messages purported to be from Sun Life Hong Kong.

Former AXA chief to lead Sun Life Hong Kong’s agency channels

She will also cultivate the insurer’s agency force in Mainland China.

Waterdrop introduces insurance for recurring breast cancer

The product offers up to $41.38k of insurance benefits. 

Agencies, bancassurance takes largest slice for life insurance distribution in China

They account for 60.1% and 30% of the share in new business DWP in 2021.

India insurance regulator pushes easing of capital requirements

The regulator aims to let smaller players entry into the market.

Great Eastern’s profit attributable to shareholders dips 12% to $780.9m in 9M22

The decline was due to lower valiant of investment in the shareholder’s fund.

PasarPolis pilots new one-stop-shop insurance app Tap Insure

The app was created in partnership with PT Zurich Asuransi Indonesia, Tbk.