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.
Commentary
AI isn’t replacing insurance, it’s finally making it work