News

Almost 7 in 10 in India say health insurance policies are too difficult to understand

60% of patients put off going to the doctor because of a lack of health cover.

Hong Kong life insurance industry revenues dip by 3.3%

New business premiums from Mainland China visitors surged by 150%.

Chubb taps Sun Life Singapore ex-CEO as Hong Kong president

She is tasked with the integration of Cigna’s assets into Chubb Hong Kong.

Married people have the most insurance literacy rate in Hong Kong; survey

They are followed by mature working adults, with the youth as the least literate.

Profit crash continues in July for Taiwan’s general insurance industry

The industry suffered a 466.7% YoY fall in pre-tax profits.

WTW names former AIA senior exec as new Head of Distribution Advisory

Prior to WTW, he was the CEO of Fortune Life Insurance.

HSBC Life launches protection-linked plan

It offers life protection and investment options.

AIA Group free surplus balloons to $20.6b in H1 2022

The group’s interim dividend went up by 6%.

Singapore Insurance Institute elects new council members

Jeslyn Tan will serve her third term as president.

Allianz Malaysia records 10.4% increase in GWP for H1 2022

Both its life and non-life businesses also reported GWP increases in H1.

Ignite by Igloo launches in Indonesia

This is their second market, after Vietnam.

Frequency of nat cat events to drive demand in commercial insurance in Japan

The general insurance industry in the country is growing at a CAGR of 3%.

Indian regulator proposes 20% ceiling for insurance agents’ commissions

The proposal will also require insurers to have a board-approved policy on commissions.

Australia life insurance industry net profits crashes by 51.6% in June

The industry’s total revenue also took a dive of 56.4%.

Australian general insurance industry suffers nearly $2b investment loss in June

This was caused by unrealised losses on interest-bearing investments.