Insurance
Sompo appoints new risk Chief for APAC
Sompo appoints new risk Chief for APAC
She will report to Emmanuel Brule, CRO of Sompo International Holdings.
South Korea’s life insurance market to bag $158b through 2029
The industry is projected to recover in 2024 after a decline in 2023.
AXA Philippines launches new health plan for critical illnesses
The plan offers coverage for over 150 medical conditions.
Insurers pivot to science-based cleantech risk modeling
This shift aims to address climate risks and capitalise on cleantech opportunities.
Swiss Re appoints new ANZ head of life, health
He was head of L&H Claims for US since 2016.
IFRS 17 raises financial statement clarity: Fitch
APAC insurers are reconsidering product offerings.
Allianz PNB cuts product rollout by 30% with new partnership
The insurer aims for customers to receive policies in five minutes.
Australians pay $585 on average for car insurance
Insurance prices increased by 14% as of September last year.
Suncorp completes sale of Asteron Life to Resolution Life
Suncorp received $141.8m plus the estimated excess capital.
Premium finance market to grow 10% by 2032
The life insurance segment is expected to surpass $75b by 2032.
TONG YANG Life maintains stability amidst ownership change
Fitch notes that the transaction could impact business strategy.
First Insurance Limited remains stable amidst looming portfolio transfer: Fitch
The insurer remains open to new business until the transfer.
Stricter capital requirements to put pressure on Eka Lloyd: Fitch Ratings
The insurer would need to raise capital to meet the government’s $15m requirement.
Aon veteran to head commercial risk in Asia-Pacific
He will report to Joe Peiser, global CEO of Commercial Risk Solutions.
Markel’s FY 2024 net income leaps to $2.8b
EPS stood at $199.32.
SCOR unveils global head of casualty, EIL
He replaces Daniel Carerras, who became Chief Underwriting Officer.
Howden’s insurance segment bags 14% organic growth in FY 2024
New talent also contributed 30% of the organic revenue growth.
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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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