News
South Korea regulators to upgrade insurance benefits system
There is still about $11b (KRW12.6t) in unclaimed insurance funds.
India's RenewBuy pool $45m in Series C funding
It will use the investment to compete with PolicyBazaar.
Taiwan Life to maintain operating results, capital
It is expected to maintain good capital buffers to support business expansion.
IP coverage extended to COVID vaccines under WHO's special access route
It will apply to vaccines administered in Singapore under SAR.
AIA Singapore extends COVID-19 benefits
Its IP coverage for vaccine complications now include those approved by WHO under EUL.
Hong Kong's FWD files for US IPO
It is considering about $2b in the US share sale.
Philippine ombudsman junks raps vs Philhealth officials
It found insufficient evidence that the officials conspired against several Philhealth employees.
Better credit quality ahead for South Korean insurers in 2021
Life insurers saw better profits in 2020, whilst non-lifers saw improved loss ratio.
Australia's 360 acquires New Zealand's TLC Insurance
The acquisition allows 360 to expand its footprint in New Zealand.
South Korean insurers' RBC ratio falls to 256% in Q1 2021
The decline came as a hike in bond yields incurred valuation losses from bond investments.
Indonesian life insurance customers drop 4.7% in Q1 2021
The decline was observed in group insurance.
Singapore's MAS reprimands AIA FA, Prudential, Aviva FA & CEO for breach of rules
They failed to properly monitor individuals onboarded as advisors, directors.
Prudential Singapore, KidSTART extend nutrition programme
Beneficiaries have been receiving fresh produce since May this year.
Thailand's Bangkok Insurance going strong despite looming pressures
Its balance sheet is supported by strong risk-adjusted capitalisation.
India issues indemnity guidelines for insurance intermediaries
Policies issued will cover damages resulting from breaches of duty.
India's Policybazaar granted insurance broking licence
It will now surrender its web aggregator licence.
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1. Pressures mount for less desirable energy insurance placements 2. Hong Kong general insurance GWP to reach $10.9b by 2028 3. OCBC's bid for Great Eastern Life to boost sector valuations 4. OCBC courts Great Eastern with S$1.4b offer 5. Italian insurance-financial firm opens office in SingaporeResource 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. Pressures mount for less desirable energy insurance placements 2. Hong Kong general insurance GWP to reach $10.9b by 2028 3. OCBC's bid for Great Eastern Life to boost sector valuations 4. OCBC courts Great Eastern with S$1.4b offer 5. Italian insurance-financial firm opens office in SingaporeAwards
Jul
09
Commentary
Firewalls are never enough