News

Only six out of 10 companies believe employees are fit to use modern tech

Only six out of 10 companies believe employees are fit to use modern tech

Insurance companies said using multiple systems includes high costs, inefficiency, and time and resource consumption. 

Australia’s MVRI Code of Conduct overhaul implements recommendations for better governance

The CAC is also enhancing the user experience on the code's website in response to industry feedback.

FWD Insurance partners with Bank Simpanan National for bancassurance offerings

FWD Insurance joins forces with Malaysia's oldest bank, which has 387 branches and serves nine million customers. 

OJK establishes four regulations to strengthen insurance and pension system

These regulations hope to address capital capacity limitations in the insurance industry.

PIAM supports upcoming vehicle repair requirements for safer roads

The Automotive Engineering Division of JPJ is revising guidelines on vehicle accident repair which take into account the latest advancements in auto tech and repair methods. 

Global economic loss from natural disasters reaches $380b, China floods second-highest

This is the fourth year in a row where economic losses surpass $100b.

MPM Insurance seen to maintain cautious investment moves, balance risky assets – Fitch Ratings

The insurer sustained a sufficient capital buffer, with a regulatory risk-based capital (RBC) ratio consistently above 250%.

AXA Hong Kong revamps multicurrency plan

The upgrade hopes to address flexibility, diversity, liquidity and sustainability concerns.

Businesses face six interconnected risks this 2024 – J.S. Held

Businesses should be on the lookout for the effects of geopolitical shifts, economic challenges, and natural disasters.

Lockton enters Indian market, appoints country CEO

Dr. Sandeep Dadia will be the country CEO.

Steady outlook seen for Thai Reinsurance Public: Fitch Ratings

Growth is expected in the accident and health sectors.

HKIA announces new executive director

Two executive directors will be appointed soon to oversee long-term and general business.

Budget Direct Insurance eases GST burden, also adopts Singpass Mobile

E-vouchers with 9% GST savings will be offered when customers purchase a new car or motorcycle plan online.

Kita extends carbon insurance specialities in Singapore

It aims to offer carbon insurance products that aid carbon projects, carbon credit buyers, and intermediaries in the market.

NorthStandard expands S. Korea presence, boosts regional network

It also plans to recruit local experts familiar with the Korean shipping market.

Allianz Life sees number of new agents grow 51.9% in  2023

Its market share expanded to 12.1% during the same year.

MSIG Insurance launches personal accident plan with essential, recovery support

It offers payout and support in the event of accidental death or permanent disability.