News

Online insurance platform Policybazaar planning $500m IPO
8 Apr 21
It is seeking a listing before end-2021.
Chinese online property premiums dropped to $12.2b in 2020
7 Apr 21
Underwritten insurance contracts also went down over the course of last year.
Indian health insurance plans constant in Q1: report
7 Apr 21
The average price for an insured sum hit $283 and $371.
Hong Kong adjusts insurance premium levy rate to 0.1%
6 Apr 21
Levy cap is at HK$100 for life policies and HK$5,000 for general policies.
Japanese insurers eyeing US bonds again
6 Apr 21
US bonds are becoming attractive with yields nearing 2%, insurers say.
China Strategic in talks to buy Hong Kong Life
6 Apr 21
The insurer could be valued at between $400m and $500m.
Families of Taiwan train crash victims entitled to $158,000 from insurers
5 Apr 21
It includes a $88,000 basic coverage in carrier's liability from Cathay Century Insurance.
Insurers expanding doctor panels for IP plans: LIA Singapore
5 Apr 21
All panel fees are also within the health ministry's benchmark.
Malaysia's non-life insurers 'disciplined' despite pandemic: report
31 Mar 21
Adequate capital has supported industry profitability, analysts say.
LIA Singapore, AIA counter criticisms of Integrated Shield Plans
30 Mar 21
Expanding panels to all private specialists may lead to higher premiums.
Hong Kong commences group-wide supervision of ILS business
30 Mar 21
The new rules expand the scope of insurable risks for captives.
China Life Insurance 2020 net profit tumbles to $7.7b
29 Mar 21
Gross written premiums rose 8% to $93.6b.
Indian lawmakers approve higher FDI for insurers
26 Mar 21
It will expand insurance penetration and boost valuation of insurers.
South Korean insurers' net profit jump 13.9% in 2020
26 Mar 21
This was partly attributed to lower car accidents during the pandemic.
China's PICC sees 2020 net profit fall 10.4%
25 Mar 21
Its P&C segment's net profit also dropped 16.4%.
Bank of East Asia sells life insurance unit to AIA for $644m
25 Mar 21
BEA will distribute life savings products to retail clients in Hong Kong and the mainland.
ZhongAn Online P&C's 2020 net profit hits $85m
24 Mar 21
Gross written premiums grew 14.2% to $2.6b.
'Very few' digitalisation barriers for Singapore insurers: report
24 Mar 21
The central bank assumes a tech-agnostic regulatory approach.
Too early to estimate costs of Sydney floods: report
23 Mar 21
Suncorp and Insurance Australia Group have received 1,300 and 2,100 claims, respectively.
Indian regulator urges insurers to be more transparent
22 Mar 21
There should be systems for policyholders to track their claims.
China scraps foreign ownership cap on insurers, but adds security rule
22 Mar 21
A review shall be conducted if an investment affects or may affect national security.
Philippine non-life insurers stable but pitfalls remain: report
22 Mar 21
The sector had one of the highest five-year compound growth rates before COVID-19.
Fairfax Asia pushes cash offer for Singapore Re
22 Mar 21
Offer price is S$0.3535 per share.
Indian health insurers barred from raising premiums whilst upgrading plans
19 Mar 21
Insurers can still make minor modifications.
Singapore general insurers post flat growth in 2020
18 Mar 21
Underwriting profit reached S$237.3m.
FY2019-2020 significantly challenging for Aussie general insurers
18 Mar 21
Almost 33,000 code violations were reported.
Philippine insurers 'firm' despite shrinking capacity: report
18 Mar 21
Pricing has risen across several segments.
Positive momentum in China to prop up AIA's business growth
17 Mar 21
Strong capitalisation is likely to be maintained despirte headwinds.
Singapore opens proposals for integrated health claims platform
15 Mar 21
It aims to extend access to patients' insurance policy details.
Japan earthquake insurance gap at $25b: report
15 Mar 21
There is still underinsurance of seismic risk even if the share has risen.
Q4 2020 brings prosperity to Indonesian life insurers
15 Mar 21
Revenue surged 81.7% to $6.4b amidst economic improvements.
Hong Kong general insurers post 7.8% gain in 2020 gross premiums
15 Mar 21
But net premiums fell 8.7% in the same year.
Hong Kong life insurers' 2020 revenue premiums jump to $70.6b
15 Mar 21
But new office premiums shrank 22.8%.
Hannover Re predicts growth in APAC P&C reinsurance
12 Mar 21
It has transferred its P&C underwriting from Hanover to Asia.
Thai insurers gain from new funding rules: report
12 Mar 21
Capital bonds as alternative funding may boost sector capital adequacy.
Australian regulator seeks feedback on add-on insurance sales model
12 Mar 21
It pushes for a four-day pause for a principal product sale and add-on sale.
Indian cabinet OKs higher FDI limit for insurers
12 Mar 21
The revisions will now be introduced to Parliament.
AIA 2020 OPAT inches up 5% to $5.9b
12 Mar 21
Value of new business fell 33% in the same year due to operational changes.
Join Insurance Asia Virtual Conference 2021!
12 Mar 21
The virtual event will be held on 6 May 2021.
Tokio Marine probing validity of Australian unit's Greensill policies
11 Mar 21
Greensill has filed for insolvency after losing coverage for debt repacking business.

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