News

FWD Hong Kong floats new flexi-plan product
16 Oct 20
It has a "pre disability per policy year" claims mechanism.
Insurtech Cover Genius raises $10.6m in funding round
16 Oct 20
The firm has announced its product launches on Shopee Thailand.
Allianz Life Malaysia, RHB Trustees partner for legacy planning
14 Oct 20
Clients will be able to set up trusts with a special fixed rate.
Bank of East Asia commences sale of life insurance arm
25 Sep 20
It hopes to have an agreement for recurrent revenue.
Pandemic puts brakes on Chinese general insurers
17 Sep 20
The sector is expected to just grow 3.8% this year.
Singlife, Aviva Singapore to merge
14 Sep 20
Singlife and its consortium will acquire a 75% stake in the latter.
Japan's top insurers unsafe amidst reliance on individual life
7 Sep 20
Over-reliance on one product will stunt sector growth.
Asian reinsurers to refocus existing protection amidst pandemic
27 Aug 20
They are re-emphasising on capital to build buffers against claims and losses.
Coinsurance to alter Korean insurers' capital efforts
27 Aug 20
It would be more benefitting for the life segment.
Singtel, Great Eastern float general insurance plans
26 Aug 20
They will be starting with Singtel Home Protect which covers telco and housing bills.
Most Singaporeans had positive pandemic-related travel claims: survey
25 Aug 20
Over half were processed within seven days.
Chinese insurtech Waterdrop nabs $230m funding from Swiss Re, Tencent
24 Aug 20
Swiss Re reportedly invested $100m in the platform, a source said.
AIA's H1 operating profit grows but new business sinks
20 Aug 20
Limited face-to-face sales pushed VONB down.
Australian life insurers sink as slump hits sector
19 Aug 20
Recovery will be a measly 0.2% in 2021.
Malaysia's life insurers suffer 12.6% fall in H1 total premiums
19 Aug 20
Investment-linked policies dropped 24.5%, triggering the fall.
China's economic rebound to test foreign insurers
17 Aug 20
The country is dominated by local insurers.
Pandemic drums up life insurance demand amongst Australia's wealthy
17 Aug 20
But it has also crippled away at HNWs trust on insurance providers.
Indian life insurers' first-year premiums rebound after four months
12 Aug 20
Private insurance companies led the increase.
Taishin Financial to acquire Prudential Taiwan for $187m
12 Aug 20
The country's financial regulator has yet to approve the deal.
Indian motor insurance segment to shrink 27.2% in 2020
12 Aug 20
Lockdown measures have snowballed into a decline in premium collections.
Singapore's life industry sales sink 13% in H1
11 Aug 20
Movement restrictions led to a 25% drop in annual premium business.
AXA mulls sale of Singapore unit
11 Aug 20
The insurer is trying to shift focus on P&C insurance.
Australia's travel insurers to contract 7.7% in 2020
10 Aug 20
The return of movement restrictions will haunt the sector.
AXA's net income down 39% to $1.65b in H1
10 Aug 20
Underlying earnings contracted 48% YoY over the same period.
Insurance Asia Awards presents the winners in its first ever digital awards presentation
7 Aug 20
A total of 75 insurers were awarded in this year’s programme.
India health claims surge 240% to $152.7m
4 Aug 20
Average claim per person reached $2,125.
Australian wealth firm AMP hit with class action over insurance advice
4 Aug 20
The Federal Court has ordered AMP in February to pay for incorrect advice.
Sun Life sees Asia comprising 25% of income in 5-6 years
4 Aug 20
It has already boosted its digital capabilities in the region.
India's short-term COVID-related insurance plans to push policy uptake
3 Aug 20
More people are likely to buy plans as COVID-related costs became more known.
Australian insurers fret over pandemic's effects on employees: study
3 Aug 20
47% have reported a rise in mental health issues.
Hong Kong to create hub for insurance-linked securities
30 Jul 20
A bill to transfer risk to capital markets was introduced in March.
Australian regulator eases dividend rules on banks, insurers
30 Jul 20
They have been told to maintain caution on capital distributions.
Hong Kong's yuppies, low-income groups still underinsured: report
30 Jul 20
The city has one of the highest levels of insurance awareness.
Lower rates push Asian life insurers to alter investment mix
29 Jul 20
Insurers are shifting their asset allocations to US credit investments.
Three-fourths of APAC households unprotected if breadwinner dies: study
29 Jul 20
The region's mortality gap hit $8t in 2019.
Hong Kong insurance premiums to grow 1.46% in 2020
28 Jul 20
This is barely a quarter of the 6.3% rise in 2019.
Great Eastern H1 2020 group profit falls 35% to $240.4m
28 Jul 20
Operating profits surged 57% to $351.3m (S$484.3m).
Thai non-life insurance segment to dwindle 5.6% this year
27 Jul 20
The motor insurance market will fall 6%.
Higher equity investments could nick Chinese insurers' capital
23 Jul 20
The sector must manage their investments, analysts said.
South Korea to expand employment insurance by 2025
22 Jul 20
It aims to protect gig workers not directly employed by companies.