News
ICA outlines recommendations for strata complexes amidst rising insurance costs
ICA outlines recommendations for strata complexes amidst rising insurance costs
Insurance costs have been driven by inflationary pressures.
Zking P&C reduces high-risk insurance exposure
The insurer sees ROE to rise 5% end-2024.
Allianz Partners appoints Michael Buttstedt as new CFO, board member
He was previously CFO of Allianz Italy for four years.
Malaysia orders insurers, takaful firms to review repricing strategies amidst concerns
Firms are asked to offer options to impacted policyholders.
Nan Shan Life to maintain improved capital and earnings through 2026
Its product range is now comparable to major players in Taiwan’s life sector.
SG insurers see growth in new business premiums and asset holdings
However, higher interest rates could constrain new business growth and increase policy redemptions.
Cyberattacks cost Australian businesses $71,600 on average
74% of Australians identify data breaches as a major privacy risk.
Fidelidade Macau to retain earnings, strengthen capital
Fitch expects the risky-asset ratio to remain consistent.
NongHyup P&C Insurance benefits from NACF’s support
Its capital and surplus saw significant growth in 2023 due to IFRS 17 adoption.
Sun Life HK, HKMC partner to promote flexible retirement planning programmes
Hongkongers expect to retire at an average age of 66.
Delegated underwriting authority enterprises benefit from excess and surplus
Investments in technology and talent have further fueled the segment’s expansion.
China's personal insurance sector to grow 5% to 10% annually
Pension and health products are expected to account for 50% of the market by 2035.
GIC Re sees profit surge 24% YoY in H1 2024
Meanwhile, underwriting loss reduced to ₹2,376.95 crore.
Australian insurance market improves in H1 2024 amidst increased competition, choices
Post-pandemic business changes continued to impact the life insurance market's profitability.
ASEAN insurers struggle with quality, and accessibility in healthcare
Private health insurance was valued at approximately $7.5b in 2023.
Gov’t plan to reduce stake may shake Seoul Guarantee Insurance’s status
Fitch also forecasts a decline in underwriting profitability through 2024 due to rising claims.
Tune Protect sees Q3 profit surge 50.3% YoY, YTD loss
YTD insurance revenue contracted 12.3% YoY.
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