News
Vietnam to shift to cashless payments for pension, social insurance benefits
The shift to a cashless method will affect over 3.3m beneficiaries.
Vietnam to shift to cashless payments for pension, social insurance benefits
The shift to a cashless method will affect over 3.3m beneficiaries.
FSC announces enhanced MyData 2.0 in financial services
Amongst the improvements to be implemented is expanding MyData’s access to the digitally vulnerable.
China’s major disease insurance benefit over 11m in 2023
The program aims to lessen the burden of medical expenses for its beneficiaries.
Chubb and M1 introduce travel insurance benefit for mobile roamers
New subscribers can enrol for free six-month overseas protection from Chubb.
Conduct risk puts 54% of insurance CROs on high alert
38% of APAC insurers are implementing AI tools, higher than the global average of 22%.
Wotton + Kearney eyes Singapore for regional office
The Singapore practice will be led by Ben Nicholson.
9 in 10 ‘pawrents’ don’t have insurance for their pets – Prudential
Prudential policyholders are mainly concerned about timely emergency treatments and affordability.
Asteron's sale to Resolution Life signals support shift
Despite Asteron's sale, Suncorp's core operating subsidiaries remain unaffected.
Callable notes to enhance Great Eastern Life’s financial resilience
S&P Global sees the proposed notes as having intermediate equity content.
1 in 5 Australians don't have adequate insurance
About 9% indicated a need for health insurance.
Unethical conduct results in harsh HKIA ban
The agent was found pocketing a policyholder’s deposits, causing a policy relapse.
CMB Wing Lung gains support from China Merchants Group
AM Best sees its balance sheet boosted by strong risk-adjusted capitalisation.
China boosts healthcare with 95% insurance stability
744 drugs have been added to the insurance catalogue.
GWP of Sri Lankan insurers witness 8.38% YoY in Q4’23
Claims incurred totalled Rs137b.
Surer partners for new agent indemnity insurance
The coverage protects agents from claims related to their services.
Crawford and Company unveils new Asia president
He is rejoining the company after working with a multinational competitor adjusting business.
BRI Life relies on bancassurance channels amidst increasing demand for insurance
As of November 2023, the bancassurance channel contributed 81% of BRI Life’s total premium revenue.
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1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. OCBC's bid for Great Eastern Life to boost sector valuations 3. Singlife introduces first market insurance for dementia care 4. Italian insurance-financial firm opens office in Singapore 5. SG’s life insurers see 32.2% leap in new business premiums in Q1’24Resource Center
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Jul
09
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Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong
![Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong]()
Co-Written / Partner
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
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1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. OCBC's bid for Great Eastern Life to boost sector valuations 3. Singlife introduces first market insurance for dementia care 4. Italian insurance-financial firm opens office in Singapore 5. SG’s life insurers see 32.2% leap in new business premiums in Q1’24Awards
Jul
09
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Firewalls are never enough