News
China’s non-life outlook solid, thanks to motor segment: AM Best
China’s non-life outlook solid, thanks to motor segment: AM Best
China’s electric vehicle insurance has gained traction, driving motor insurance demand.
MS Amlin’s S’pore political risk team grows, treaty gets new hires
Nicole Tan has been promoted whilst Jinnan Tang and Sam Lim are new members of the team.
Aon bolsters Asian Transaction Solution team
Shunsuke Takechi will take on the role of associate director.
Singlife boosts digital capabilities through partnership
Its collaboration with Qlik aims to elevate customer service and deliver better digital financial services.
Nippon Life acquired a nursing care group: Report
The acquisition is worth $1.43b.
Foreign insurance brokers enter China market: Report
These are the first foreign-funded companies approved in the sector since 2018.
Global insurtech investments impress Q3 expectations: Gallagher Re
P&C insurtech investment mainly pushed the quarter’s growth.
APAC’s healthcare spending to surge 9.9% in 2023 – WTW Survey
The region’s 2023 prediction is smaller than the global average of 10.7%
Taikang Insurance buys majority stake in ESR Warehouse Fund worth $288m
This marks ESR’s latest funding tie-up with a mainland insurer.
Transamerica Life Bermuda reveals new COO
Brian Chui will spearhead operations, which include new business, underwriting, customer service, and claims.
Japan’s public insurance to include treatment for obesity: Report
Despite concerns, Novo Nordisk claims Wegovy reduces the risk of major adverse cardiovascular events by 20%.
Malaysia’s general insurance industry climbs 7.3% YoY in 1H23
Underwriting profit saw a huge drop of 37.8% mainly due to motor and fire lines.
Philippines’ pension system joins forces with JICA
The partnership aims to enhance the protection of public properties and assets against disasters.
Tugu Reasuransi Indonesia to remain ‘stable’: Fitch Ratings
Tugure maintains a resilient capital position, exceeding the 120% regulatory requirement.
Genetic testing for life insurance to be reviewed: Australian treasury
Despite the possibility that insurers may require genetic test results, policyholders may file reports on discrimination.
QBE Insurance’s capitalisation and leverage as 'strong': Fitch Ratings
QBE's financial leverage ratio is also moderate.
Casper Kam joins AXA XL’s underwriting team
Previously, he worked with AIG and AXA General Insurance.
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