News
Continental Insurance’s health segment better than peers despite pressures
Continental Insurance’s health segment better than peers despite pressures
The segment contributed 32% of total GWP last year.
DPL Insurance to maintain moderate growth, prudent earnings
For fiscal year 2024, its ROE was at 14.3%.
Which three Asian countries ranked riskiest in the world?
Singapore was the lowest-risk country in the region.
How much are SG’s expats paying for medical coverage?
The average annual hospitalisation coverage is US$99,034.
Allianz Ayudhya General maintains strong capitalisation post-merger
The merger is expected to drive premium growth over the medium term.
HKIA promotes captive insurance for overseas energy risks
MM Lee emphasised Hong Kong’s role as an int’l risk management hub.
Macau Insurance enhances combined ratio to 88.8% with investment gains
It has applied a 25% dividend payout ratio since 2023.
Yen products drive 13% revenue boost for Japanese insurers
Ordinary profits increased to US$22.40b.
Ping An Health sees strong return on equity continuity
It reported capital and surplus (C&S) of $1.22b in 2023.
Swiss Re forecasts higher demand for reinsurance
Demand for property and specialty reinsurance is rising due to higher property values.
APAC reinsurers see combined ratio improve to 91.6%
Many are also expanding internationally to boost profitability.
S&P warns of strained profitability for insurers due to climate events
Last year was the fourth straight year insured losses surpassed $100b globally.
Tokio Marine Kiln enhances APAC team with new underwriter
She brings over 20 years of marine insurance experience.
Contractor errors and defects fuel offshore wind project losses
This accounted for over 60% of insurance claims in 2022.
BMS reels new Chief Broking Officer
He brings over 30 years of experience in the industry.
Singlife introduces Legacy IUL for affluent market in Singapore
It’s coverage starts from $250,000 for death and terminal illness protection
Reinsurance capital to rise 9% to $620b in 2024
Risk appetites continued to improve through H1 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