News
Taiwan’s pre-tax earnings register NT130b, YTD
Taiwan’s pre-tax earnings register NT130b, YTD
Both its life and non-life markets saw incremental year-on-year increases.
Prudential expands 39% YoY in new business profits for first semester
Outlook for the region remains mixed.
APAC amongst fastest growing cyber insurance market: S&P Global
It grew 51.2% in the past five years but remains the second smallest market globally.
Great Eastern and Intellect launch 24/7 mental health helpline for employees
This provides employees with personalised and immediate guidance.
Prudential names new CEO for Eastspring Investments
In the near future, a new CIO will be appointed.
Reinsurance industry shies away from calamity coverage: Fitch Ratings
Underwriting discipline to continue in 2024 but price-hikes will be moderate.
ANZIIF and general insurers set out a new framework for better claims and settling services
The competency-based framework outlines the professionalism that must be upheld by the industry.
More than half of Thai policyholders willing to share more information for personalised insurance coverage: Survey
Income protection policyholders want more detailed coverage.
Sunshine Insurance shows bright preliminary H1 2023 performance
It saw its gross written premiums climb 7.7% to RMB67.81b in the first semester.
Swiss Re ties up with Wysa for first AI-based mental health support app in Australia
The insurers are working to build similar products to cater to other regions.
Tokio Marine sends relief fund to fire-stricken Maui
The fire struck the island of Hawaii on 8 August.
CDP urges insurers and other FIs to integrate system-wide transformation for nature-related risks
Insurers have incorporated climate change risk and opportunity in their portfolios more than water or forest-related.
China-unit of Tokio Marine to stay afloat with TMNF support: Moody’s
Lower investment returns amidst a low-interest rate environment pose a challenge to its profitability.
FWD Group outlook turns positive: Moody’s
Driven by an improved earnings report and partnerships, the insurer shifted from ‘stable’ to ‘positive’.
Gen ‘Z’ to change the course of insurance: Igloo
The emerging trends include embedded insurance, pet insurance, and gaming insurance.
China’s insurers hold steady assets in Q2
Year-to-date, assets grew 7.6%.
Sompo International taps Alasdair Walker as regional head for distribution insurance
He will oversee the distribution insurance segment in the APAC region.
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1. Manulife’s Leah Ng says better governance boosts women’s leadership 2. Better protection for vulnerable groups could boost PH insurer trust: AXA 3. How APAC cyber gap exposes households to fraud 4. Cybercrime tops insurance risks as AI heightens threats: PwC 5. Asia’s wealth insurers face rising compliance pressureResource Center
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Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness