News

New business premiums in life insurance down 2% to $1.97b in H1
7 Aug 19
The decline in single premium policies dragged half-year figures.
Here are the winners of the Insurance Asia Awards 2019
17 Jul 19
Over a hundred top executives graced the event.
Singapore's life insurance premiums to grow 5% in 2020
21 Jun 19
It will benefit from sustained demand for annual premium products.
How much are Singaporeans covered by public health insurance?
13 Jun 19
Nearly 7 in 10 are already covered by the Integrated Shield plan in 2017.
Japanese firms foray into Myanmar's highly uninsured market
30 Apr 19
Tokio Marine Holdings and Mitsui Sumitomo Insurance are amongst the firms seeking entry into Myanmar.
Hong Kongers still $480,000 short to afford retirement living: study
26 Apr 19
The median of current individual total assets is only $96,000.
Thailand unveils insurance policy for tourists
4 Apr 19
Premiums start from $13 per trip, up to seven days.
Hong Kong's Voluntary Health Insurance Scheme goes live
3 Apr 19
Features include coverage extended to unknown pre-existing conditions and no limitations on ‘lifetime benefit'.
China OKs first JV firm in pension insurance sector
28 Mar 19
The country is gearing up to embrace more overseas-funded players to engage in its financial market.
Insurance payments for migrant workers in Korea surged 75% to $349.61m in 2018
26 Mar 19
Korean law requires all foreign workers, especially those with E9 or H2 visa, to be insured.
Philippine life insurance premiums jumped 20.4% to $3.32b in 9M2018
25 Mar 19
Premiums from variable life insurance products hit $2.48b.
Indonesia life insurance premiums down 5% to $13.05b in 2018
18 Mar 19
Income from the bancassurance channel took a hit.
Hong Kong general insurers reverse from loss to $74.27m profit in 2018
18 Mar 19
Overall net premiums hit $4.49b.
Korea to tighten health insurance for expats
18 Mar 19
Foreigners with delayed insurance payments will face visa-related penalties by May.
87.7% in Vietnam covered for health insurance
15 Mar 19
Vietnam has paid $1.69b worth of insurance benefits in the first two months of 2019.
China to eclipse US as world's largest insurance market by 2030s
13 Mar 19
The CAGR hit 16% for the non-life segment and 17% in life from 2013-2017.
One in 10 Hong Kong SMEs do not have insurance protection: survey
13 Mar 19
Only a fifth of SMEs have insurance protection against business interruptions.
Vietnam to boost life insurance coverage to 15% by 2025
13 Mar 19
Only 8% of the population currently has a life insurance plan.
Insurers gear for Hong Kong's $1.27b national health insurance programme
12 Mar 19
The Voluntary Health Insurance System will offer $1,000 in tax benefits to lure residents.
Chinese insurers premium income up 24% in January
12 Mar 19
Premium income hit $126.61b at the start of the year.
New life business premiums in Malaysia inched up 1.8% to $2.52b in 2018
8 Mar 19
New premiums in the group business jumped 9.4% to $870m.
Singapore to raise insurance cover for overseas project funding to $50m
6 Mar 19
It aims to strengthen support for local businesses’ overseas expansion.
Singapore offers rewards of up to S$10,000 for insurance fraud tip-off
5 Mar 19
Individuals with knowledge of wrongdoing should submit documentary evidence.
Motor policyholders in India blame insurers for lapsed policies: survey
5 Mar 19
Around 36% specifically blamed their insurer whilst 23% pinned the blame on their agent.
Japan moves to limit national health insurance coverage
4 Mar 19
Only workers and their dependents in the country can avail to prevent abuse.
Philippine insurers can now invest in infrastructure projects
1 Mar 19
The move enhnaces the investment options of the country's insurers.
Hong Kong approves license of 8th Chinese captive insurer
1 Mar 19
Shanghai Electric Group has received approval from the insurance authority.
South Korea insurance profits down 7.4% to $6.5b in 2018
28 Feb 19
Earnings from non-life insurers worsened as car losses rose.
Web-based insurance policyholders in China hits 222 million
28 Feb 19
Nearly 28% admitted to buying insurance from the Internet.
Go-Jek partners with insurtech firm Gigacover to provide driver insurance
26 Feb 19
It will cover driver-partners for medical leave of up to 21 days and hospitalisation leave of up to 84 days.
Britannia P&I gets licence to underwrite business in Singapore
7 Feb 19
It will handle the club’s members in the ASEAN, India, and Australasia.
Insurance Asia Awards 2019 opens for nominations
31 Jan 19
Entries are accepted until 19 April 2019.
Grab forms joint venture with ZhongAn to offer digital insurance products
16 Jan 19
The firms aim to provide its products to uninsured consumers through Grab’s mobile app.
Hong Kong to license first online-only insurer in December
3 Dec 18
The pioneer will be part of the new fast-track system.
3,000 job vacancies loom as Hong Kong's insurtech scene booms
27 Nov 18
There's a hot demand for risk managers and tech talents going into 2019.
Higher insurance coverage to boost Vietnam's healthcare sector
26 Nov 18
The plan to cover the health insurances of 84% of the population could drive investment growth.
Insurance Asia bags Special interest Media of the Year - Silver at the Asia Pacific Publishing Awards
14 Nov 18
Its sister publication Singapore Business Review also nabbed the gold award for the business/professional media of the year in the Media...
Car insurance costs in Singapore are still cheaper than New York
30 Oct 18
The average cost of motor insurance is at $862.
World's first commercial cyber risk pool launched in Singapore
30 Oct 18
It will commit up to US$1b in capacity to provide cybercoverage.
Asian life insurers' embedded value surged 19.2% to $480b in 2017
18 Sep 18
South Korea led the region in terms of highest EV growth.