News
South Korean insurer lending rose 7.8% in 2020
Outstanding loans totaled $224.4b as of end-December.
South Korean insurer lending rose 7.8% in 2020
Outstanding loans totaled $224.4b as of end-December.
Families of Taiwan train crash victims entitled to $158,000 from insurers
It includes a $88,000 basic coverage in carrier's liability from Cathay Century Insurance.
Insurers expanding doctor panels for IP plans: LIA Singapore
All panel fees are also within the health ministry's benchmark.
Malaysia's non-life insurers 'disciplined' despite pandemic: report
Adequate capital has supported industry profitability, analysts say.
LIA Singapore, AIA counter criticisms of Integrated Shield Plans
Expanding panels to all private specialists may lead to higher premiums.
Hong Kong commences group-wide supervision of ILS business
The new rules expand the scope of insurable risks for captives.
China Life Insurance 2020 net profit tumbles to $7.7b
Gross written premiums rose 8% to $93.6b.
Indian lawmakers approve higher FDI for insurers
It will expand insurance penetration and boost valuation of insurers.
South Korean insurers' net profit jump 13.9% in 2020
This was partly attributed to lower car accidents during the pandemic.
China's PICC sees 2020 net profit fall 10.4%
Its P&C segment's net profit also dropped 16.4%.
Bank of East Asia sells life insurance unit to AIA for $644m
BEA will distribute life savings products to retail clients in Hong Kong and the mainland.
ZhongAn Online P&C's 2020 net profit hits $85m
Gross written premiums grew 14.2% to $2.6b.
'Very few' digitalisation barriers for Singapore insurers: report
The central bank assumes a tech-agnostic regulatory approach.
Too early to estimate costs of Sydney floods: report
Suncorp and Insurance Australia Group have received 1,300 and 2,100 claims, respectively.
Indian regulator urges insurers to be more transparent
There should be systems for policyholders to track their claims.
China scraps foreign ownership cap on insurers, but adds security rule
A review shall be conducted if an investment affects or may affect national security.
Philippine non-life insurers stable but pitfalls remain: report
The sector had one of the highest five-year compound growth rates before COVID-19.
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1. Pressures mount for less desirable energy insurance placements 2. OCBC courts Great Eastern with S$1.4b offer 3. OCBC's bid for Great Eastern Life to boost sector valuations 4. Italian insurance-financial firm opens office in Singapore 5. Sun Life's Asia business reports $177m for Q1'24 net incomeResource Center
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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]()
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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. OCBC courts Great Eastern with S$1.4b offer 3. OCBC's bid for Great Eastern Life to boost sector valuations 4. Italian insurance-financial firm opens office in Singapore 5. Sun Life's Asia business reports $177m for Q1'24 net incomeAwards
Jul
09
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Firewalls are never enough