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Great Eastern's profit climbed 36% to $1b in FY2019
Profit from its shareholders’ fund surged 266% to $277m from higher valuation.
Great Eastern's profit climbed 36% to $1b in FY2019
Profit from its shareholders’ fund surged 266% to $277m from higher valuation.
Asian insurtechs raised over $3b in 121 deals since 2015
Total capital raised jumped at a CAGR of 155.6% between 2016 and 2019 to over $970m.
Singapore's PDPC warns AXA, NTUC over data breaches
Policyholders' personal data were sent over emails to unintended recipients.
HSBC Life Singapore extends coronavirus benefits to customers
Customers may receive $1,000 in the event that they contract nCov in Singapore.
China's insurance sector face limited impact from coronavirus
But prolonged disruption could hurt their investments.
Singapore health insurance business premiums hit $465.7m in Q4 2019
IPs and IP rider premiums comprised $419.7m of the amount.
Singapore life insurance business premiums up 0.4% to $4.3b in Q4 2019
Total sum assured for new businesses grew 7% YoY to $149.5b.
Ping An's CT imaging vehicle at Wuhan to help treat pneumonia related to 2019 nCov
Medical staff can perform lung CT scans faster for patients in quarantine.
HSBC Life extends nCov benefit programme to families of policyholders
Policyholders and families will receive complimentary benefits starting 1 February.
Slowing economy to drag on Indian insurers' premium growth
But the low rate of insurance penetration is an opportunity for continued expansion.
Insurance Asia Awards 2020 is now open for nominations
Deadline for submission of entries is on 28 February 2020.
Chinese life insurance premiums to hit 13% in 2020
Traditional life insurance and health insurance to hit 10% YoY and 26% YoY.
Low interest rate environment threatens South Korean life insurers' profits: report
Premium growth is suppressed by a weak economy and reduction of sales.
Singaporean regulator co-launches steering committee for the local insurance industry
It will monitor trends and identify emerging issues, collaborate with MAS on initiatives.
Indian insurers see modest growth for FY2020 at 4-15%
Coverage stocks will likely meet annual premium equivalent (APE) growth expectations.
Thai general insurance to hit $9.1b in 2019
Gross written premiums reached a CAGR of 3.1% between 2014 and 2018.
MS&AD and Manulife vie for Aviva's selected SEA assets
Aviva is seeking about $3b from the sale of its Singapore and Vietnam assets.
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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. OCBC courts Great Eastern with S$1.4b offer 4. Italian insurance-financial firm opens office in Singapore 5. Singlife introduces first market insurance for dementia careResource Center
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Jul
09
Event News
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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. OCBC courts Great Eastern with S$1.4b offer 4. Italian insurance-financial firm opens office in Singapore 5. Singlife introduces first market insurance for dementia careAwards
Jul
09
Commentary
Firewalls are never enough