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LIA Singapore, AIA counter criticisms of Integrated Shield Plans
LIA Singapore, AIA counter criticisms of Integrated Shield Plans
Expanding panels to all private specialists may lead to higher premiums.
Hong Kong commences group-wide supervision of ILS business
The new rules expand the scope of insurable risks for captives.
China Life Insurance 2020 net profit tumbles to $7.7b
Gross written premiums rose 8% to $93.6b.
Indian lawmakers approve higher FDI for insurers
It will expand insurance penetration and boost valuation of insurers.
South Korean insurers' net profit jump 13.9% in 2020
This was partly attributed to lower car accidents during the pandemic.
China's PICC sees 2020 net profit fall 10.4%
Its P&C segment's net profit also dropped 16.4%.
Bank of East Asia sells life insurance unit to AIA for $644m
BEA will distribute life savings products to retail clients in Hong Kong and the mainland.
ZhongAn Online P&C's 2020 net profit hits $85m
Gross written premiums grew 14.2% to $2.6b.
'Very few' digitalisation barriers for Singapore insurers: report
The central bank assumes a tech-agnostic regulatory approach.
Too early to estimate costs of Sydney floods: report
Suncorp and Insurance Australia Group have received 1,300 and 2,100 claims, respectively.
Indian regulator urges insurers to be more transparent
There should be systems for policyholders to track their claims.
China scraps foreign ownership cap on insurers, but adds security rule
A review shall be conducted if an investment affects or may affect national security.
Philippine non-life insurers stable but pitfalls remain: report
The sector had one of the highest five-year compound growth rates before COVID-19.
Fairfax Asia pushes cash offer for Singapore Re
Offer price is S$0.3535 per share.
Indian health insurers barred from raising premiums whilst upgrading plans
Insurers can still make minor modifications.
Singapore general insurers post flat growth in 2020
Underwriting profit reached S$237.3m.
FY2019-2020 significantly challenging for Aussie general insurers
Almost 33,000 code violations were reported.
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Value migration to non-bank players with a "focused" model is accelerating.
Commentary
The increasing number of affluent individuals in India and their evolving insurance needs