News

Kita boosts underwriting capacity with $24m for carbon risks

Kita boosts underwriting capacity with $24m for carbon risks

It expanded its product offerings to include four insurance policies in the past four years.
6 days ago

Singapore launches online tool for health insurance planning

The tool is accessible on the CPF website through Singpass.

Allianz Life Malaysia unveils life and health insurance plan for SMEs

It includes group hospitalisation and surgical coverage.

Maybank Ageas core insurance entities expected to remain stable

Fitch notes MAHB’s exposure to Malaysian sovereign investments, but manageable.

Energas Insurance faces performance pressure amidst rising claims frequency

Its underwriting performance improved in the first nine months of 2024.

HDI Global revenue hits $11b milestone as EBIT rises 10% YoY

Earnings before interest and taxes (EBIT) climbed to $758m.

Cigna Healthcare appoints new APAC CEO

He previously served as Chief Financial Officer for the Asia Pacific region.

Specialist Risk Group launches Asia operations with Singapore office

The company plans to apply its UK and Ireland business model to the region.

Prudential Singapore launches Wealth Suite for high net worth clients

From 2023 to 2024, the insurer saw a 16% rise in its HNW customer base.

India’s PhonePe unveils new vehicle insurance for as low as $0.012

Customers can save up to ₹4,000 on a two-wheeler insurance, PhonePe claims.

Asian construction insurers impose tighter catastrophe limits

And underwriting decisions rely heavily on detailed risk assessments, mitigation strategies. 

Australian firms expect financial crime surge in 2025

Only a fourth of firms admitted their programmes are adequately equipped.

KBFG China seen to keep consistent underwriting performance: AM Best

KBFG China’s operating performance is also expected to remain stable.

Chinese insurers may risk AI pitfalls with DeepSeek rollout

Insurers that fail to comply may face penalties.

Manulife unveils IUL product tied to S&P 500 returns

Over half of HNWIs said they prioritise customisable payout features