APAC
Manulife Q3 net income drops 23% to $1.59b
However, YoY results saw an increase of 18% compared to 2020.
Manulife Q3 net income drops 23% to $1.59b
However, YoY results saw an increase of 18% compared to 2020.
Asia commercial insurance prices climbs by 6% in Q3
Meanwhile, global commercial insurance prices increased by 15%.
Sun Life appoints new president of Asia business
The financial veteran will be responsible for the health and wealth management businesses.
The ABC’s of embedded insurance
A SOMPO executive discusses how this market is taking a slice of the insurance industry's $6.4t pie.
South Asia digital personal P&C premiums to hit $7.5b in five years
Digital personal P&C insurance penetration rate in the region is at 1%-2%.
Global insurer Chubb acquires Cigna’s APAC business for $5.75b
Cigna has operations in seven markets in Asia-Pacific.
Insurtech Cover Genius bags $72m in Series C round
Sompo Holdings Asia led the round with an investment of $50m.
Pankaj Banerjee joins Manulife as Chief Distribution Officer for Asia
He will also be a member of the company's Global Leadership Team.
Munich Re appoints new senior regional exec
Michaela Hannemann will be based in Singapore.
APAC fertile ground for reinsurance market: Hannover Re
The German reinsurer anticipates growth in the P&C and health reinsurance.
Non-life insurance premiums to surge to $7t by 2022: Swiss Re
General insurance premiums to rise to 10% above pre-COVID-19 levels in 2021.
Global cargo insurance premiums reached $17.2b in 2020
Outlook for 2021 however looks bleak.
Price increase to stabilise reinsurance sector through 2022: Moody’s
Uncertainty brought by COVID-19 had started to diminish.
Prudential Laos named Domestic Life Insurer of The Year by The Insurance Asia Awards 2021
Prudential Life Assurance Lao Company Limited (“Prudential Laos”) is pleased to be named “Domestic Life Insurer of the Year” by The Insurance Asia Awards 2021. The company was recognised for launching its all-in-one digital health and wellness application Pulse by Prudential (Pulse) to help Lao people take charge of their health and wellness. The prestigious award also applauded the community engagement initiatives rolled out by Prudential Laos in response to the COVID-19 outbreak.
Understanding demand for specialty lines in Asia: the road ahead
The Asian insurance industry has shown strong resilience, despite the economic crisis brought about by the COVID-19 pandemic since the start of 2020. According to a recent Bank of Singapore article, China‘s GDP is expected to grow by 8.7% in 2021 whilst key Asian countries such as Singapore, South Korea, and Taiwan are expected to grow by an average 5%.
Pandemic boosts APAC’s insurance giants 2020 performance: analyst
The top 20 insurance firms reported an aggregated premium of $821.4b.
APAC saw lowest insurance M&A deals since 2011
M&A decreased by as much as 51% in H1 2021.
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Jul
09
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Celebrate your award-winning insurance initiatives at the Insurance Asia Awards 2024
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Be recognised as one of the top insurers in the region by sending your entries until 19 April 2024!
Be recognised as one of the top insurers in the region by sending your entries until 19 April 2024!
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Critical illness coverage penetration challenges: Understanding Singaporean Struggles and Solutions
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