News
Swiss Re suffers $248m net loss in Q1
The firm logged a ROE of –4.6%.
India’s LIC IPO subscribed 67% on first day
The $2.7b IPO is India’s biggest public issue.
Howden appoints new Singapore chief
She has been with Howden since 2015.
Coface appoints new APAC chief
He first joined the firm in 2016.
Generali Asia appoints new general manager of China business
He has over 30 years’ of experience in actuarial management and life insurance.
HKFI appoints Winnie Wong as new chair
The federation has also appointed a new governing committee.
520,944 properties in Australia to be uninsurable by 2030
Riverine flooding poses the biggest risk to properties.
Hanwha Life Insurance Q1 net profits drops by 70.6%
The insurer is considered the second biggest life insurer in South Korea.
Singapore risks protection gap for older population
Prudential and Income are working together to close protection gaps, particularly in the area of long-term care.
Former Allianz chief takes on new position at Prudential
He will take on the newly created position of Group Strategic Transformation Officer.
Philippine regulator issues new licence for AIA Philippines
The licence was issued at the back of its merger with PELAC.
IRDAI hike insurers cap on exposure
The Indian insurance regulator has increased the limit to 30%.
FSS to take tougher measures on screening of suspicious insurance cases
The South Korean regulator said this is to reduce fraud in the industry.
India insurtech Turtlemint nears unicorn status in latest funding round
It recently raised $120m in a Series E funding round.
Manulife Hong Kong launches healthcare program for the elderly
The firm has partnered with the Christian Family Service Centre for the program.
ZhongAn to improve profitability and maintain solid capitalisation—analyst
But investment in tech and other business lines run a risk of straining these growths.
Commentary
AI isn’t replacing insurance, it’s finally making it work