News

Indonesia's IFG Life seeks more funds amidst Jiwasraya takeover

Extra funds will come from fundraising or new capital injections.

Indonesia's IFG Life seeks more funds amidst Jiwasraya takeover

Extra funds will come from fundraising or new capital injections.

Strong domestic profits offset Japan P&C insurers' overseas FY2020 losses

Better results in auto and personal accident lines were the reasons.

Aussie life insurers post $774m net profit

Only ILS reported a profit amongst risk products for the year ended March 2021.

Pandemic worsening Indian non-life insurers' headwinds

Short-term operating pitfalls will affect earnings and capital positions.

Indian insurtech Plum raises $15.6m in funding round

The funds will be used to scale engineering, business and operation teams.

HK regulator extends measures on non-physical product distribution

It covers the online distribution of QDAP, VHIS, amongst others.

China regulator proposes revisions on reinsurance

It seeks to tighten its watch especially on concentration and overseas risks.

Chubb makes senior management shuffles in APAC

It has also created a new role for consumer lines.

Philippine insurers shell out $80.93m in 2020 COVID-19 claims

Almost $25.4m (PHP1.22b) comprised death benefits.

Australia's HBF acquires CUA's health business

CUA will use the funds from the sale to boost its banking line.

China drafts tables to improve accident insurance pricing

The tables aim to weed out products with low compensation rates.

India's Star Health to raise $275m for IPO

It will be the fourth private insurer to list on Indian stock exchanges.

Singapore's Surer launches insurance quotation marketplace

The platform was built specifically for intermediaries.

Five reinsurers apply for Nepali licence

Only one reinsurer is currently operating in the country.