News

Veteran with 20 years’ experience named Labuan IBFC CEO

Veteran with 20 years’ experience named Labuan IBFC CEO

His priorities include expanding engagement with regulators and industry players.
2 days ago

Chinese insurers expand digital solutions to customise coverage

Underwriting remains disciplined and selective as insurers prioritise achieving profitability. 
2 days ago

Insurers in Singapore show more anxiety to threats than global average: study

They are concerned with rising cybercrimes, AI risks, and macroeconomic uncertainty.
3 days ago

Manulife to sell MVI Life to Japan’s Asahi Life

Asahi Life, Japan’s second oldest life insurer, seeks to expand its presence in Vietnam.
3 days ago

AUB Group ends takeover talks as consortium withdraws offer

The consortium backed out of its A$45 per share binding proposal.
3 days ago

Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fire

It may trigger premium adjustments or stricter terms and conditions.
3 days ago

AIA China poised for double-digit new business growth through 2030

New geographies will be its core growth engines, says UOB Kay Hian.
4 days ago

Allianz Life elevates CFO Giulio Slavich to CEO

Incumbent CEO Charles Ong is retiring by the end of 2025.
4 days ago

Singlife, Lion Global Investors launch physical gold fund in Singapore

All gold holdings are insured and stored in vaults in the city.
4 days ago

Australian health insurers see record high hospital claims

A total of 453,259 high claims—or those higher than A$10,000— were paid out during the year.
4 days ago

Allianz may cut up to 1,800 jobs in travel insurance division: report

The job cuts will mainly affect call centres, a source said.
5 days ago

APAC emerging market insurers outperform peers during volatility

But they do face constraints in scale and diversification.

Cyber insurance gaps leave APAC vulnerable to rising digital risks

Limited coverage, financial modeling, and training hinder cyber insurance adoption.

Australian superannauation fund fined $15.34m for delays

The penalty exceeds United Super's reported revenue in the 2024 financial year.

Dai-ichi Life retains stable outlook despite higher risky asset holdings

Asset quality is expected to gradually improve, Moody's said.