APAC
Global Atlantic secures $10b deal with Manulife US, Japan
This is the third partnership both entities have done.
Global Atlantic secures $10b deal with Manulife US, Japan
This is the third partnership both entities have done.
Allianz APAC’s operating profit catapults in 2023
Both P&C and L&H saw robust growth in their 2023 performance.
Seven of 10 shoppers want protection for purchases but prefer low-cost
The survey also showed more trust in social media marketplaces versus the companies selling goods through these platforms.
Zurich Group's BOP jumps 21% YoY, APAC business soars
The APAC business also announced a partnership with India-based Kotak Mahindra Bank.
S&P Global Ratings forecasts earnings surge to $3.6b in 2024 for Swiss ReÂ
Its life and health reinsurance segment is projected to reach $1.5b in profits.
AXA XL Reinsurance CEO ‘bullish’ for 2024
The CEO said a shift towards a more balanced relationship between insurers and reinsurers, with a clearer division of labour, in terms of the renewal season.
NorthStandard sees rise in premium earnings since merger
Its gross tonnage (GT) rose to 256 million as of 20 February.
WTW, Solomon Agency partner to provide insurance solutions in South Korea and Vietnam
It plans to offer risk transfer services to clients in South Korea, Vietnam, and other parts of APAC.
Swiss Re targets $3.6b 2024 earnings after robust 2023 performance
Its P&C business leads with $1.9b.
Why embedded insurance is a must-have
An estimated 16% of Asian insurers’ revenues are now derived from embedded insurance.
Manulife Asia sees strong premium growth, new business in 2023
APE sales rose 15% to $3.3b for the year.
QBE Insurance appoints Rob Kosova as Asia CEO
He begins his new role on 1 April.
Manulife Financial reports $5.6b net income for 2023
Earnings per share is $2.62 for the period
Insurtech funding landslides in 2023 to $4.5b
P&C and L&H both saw double-digit contractions.
AIA’s China expansion to enhance earnings diversity in long run: analyst
But capital buffers may narrow due to dividend payout and share buyback schemes.
Sun Life posts growth in Q4’23, Asia’s individual sales driven by Hong Kong market
Regional office expenses and other factors resulted in a net loss of $12m.
To lead and to lag: APAC insurance’s conflicted AI journey in 2024
Whilst AI investments reached 23.93% of the total market, 41% of firms in Asia Pacific cling to outdated tech, hindering efficiency and scalability.
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Celebrate your award-winning insurance initiatives at the Insurance Asia Awards 2024
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