News

More Malaysian customers satisfied with the general insurance industry – Survey

Faster digitalisation and operational efficiency amidst the pandemic influenced this sentiment.

Christopher Albrecht takes seat as Sun Life S’pore’s CEO

Albrecht will lead the strategic and operational aspects of Sun Life Singapore's business. 

IAG to stay ahead, driven by P&C lines in Australia and New Zealand – S&P Global Ratings

Affordability constraints may moderate premium growth, particularly in personal lines, amid a slowing economy.

S.K.’s household loans from insurers climb to $77m in November

On the other hand, loans made from nonbanks fell to $2.2b.

Chubb selects new consumer lines lead for int’l general business

Federico Spagnoli will be responsible for Chubb's consumer lines across 51 countries and territories.

The Philippines’ pre-need industry swells 8.2% YoY in Q3

Its expansion is attributed to the heightened sales of pre-need plans during the period.

India’s life insurance sector sinks 12.7% 11M’23

Policies and schemes were tallied at 15.9 billion

ICA urges e-motor users to have coverage

E-motors catching fire has been too frequent due to inadequate care by owners, says the ICA.

Singlife unveils Connect 2.0 accelerator for insurtech boost

Connect 2.0 plans to back up to ten startups, focusing on co-creating and launching innovative embedded insurance solutions.

India’s first-year life insurance premiums dip 25.3%

CareEdge forecasts the industry to have a positive growth trajectory in the long-term.

Insurers ready to tackle Cyclone Jasper – ICA

The community in the cyclone warning region is advised to monitor weather conditions and follow guidance from emergency services.

Korean Re to see growth potential in S.K.’s coinsurance business: AM Best

AM Best foresees a notable reduction in KRE's underwriting risk in 2023 due to the planned portfolio restructuring, which aims to offload unprofitable business, especially in the domestic personal line. 

Australians urged to secure right insurance when renting out homes for summer – ICA

Holiday rental insurance is specifically tailored for properties rented out briefly.

Investment income to steer China Taiping Insurance’s bottom line: AM Best

CTPI is expected to maintain a prudent investment strategy and stringent risk management in the future.