News
AIA Group appoints Fisher Zhang as new regional chief executive
AIA Group appoints Fisher Zhang as new regional chief executive
He will oversee operations in China, South Korea, and Vietnam.
Aon to acquire Mitsubishi Chemical Group’s insurance agency
The insurance agency, part of Dia Rix, provides corporate and personal insurance.
AIA’s medical plan introduces first-in-market rewards system
The plan integrates Signature Healthcare Circle, concierge services, and personalised health programmes.
Thailand's insurance policies grow 6.13% in Q2
Number of policies increased 6.13% YoY.
InLife’s retirement plan guarantees monthly payout
The plan also includes a life insurance component.
Japan's Property Insurance to Hit $27b by 2028
However, a recovery is anticipated in 2024.
Cambodia’s life insurance policies doubled in October
The industry saw $25m in gross premiums for the month.
Philippines ends provisional insurance licenses
The commission wants to ensure that agents with regular licenses are allowed to sell.
Vietnam nears 2025 social insurance goals, projected 20 million participants
By 2024, health insurance participants is seen to reach 95 million.
Government backing ensures Korea Trade Insurance's solvency
Moody's views government support as near-certain, given K-SURE’s designation as a public institution.
Manulife HK, Macau reels in new Chief Agency Officer
He joined Manulife in 2019 as asst. Vice President, head of DBS Bancassurance.
7 in 10 Gen Zs doubt health in old age
Prudential emphasised the role of financial planning to manage future healthcare costs.
Global insurance market to hit $28.5t by 2032
Technology advancements may be lucrative for market players.
FM appoints new VP of staff insurance operations
This will take effect, starting 1 December.
Gallagher Re launches global tropical cyclone research consortium
Tropical cyclones have caused $710b in insured losses globally since 2000.
China Re's profitability consistent over five years: AM Best
Under IFRS 17 and IFRS 9, consolidated capital and surplus rose by 4.8% to $14.4b.
South Korea’s general insurance sector to hit $33.3b by 2029
Liability insurance, the second-largest segment, is expected to expand by 12.2% in 2024.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness