News
Philippine non-life insurer group bucks jacking of capital requirement
Philippine non-life insurer group bucks jacking of capital requirement
The group said the P900m capital requirement is sufficient.
HK Insurance Authority fines insurers HK$7m for breaking regulatory laws
The two insurers broke anti-money laundering and counter-terrorism laws.
FSC slaps KR₩155m fine to Samsung Life over unpaid insurance claims
FSC found the insurance firm in violation of the Insurance Business Act.
PH establishes supervisory college for financial conglomerate supervision
Financial sector regulators recently signed an MOU.
OJK promises balance in insurtech and consumer protection
Indonesia has a growing adoption of digital tech in the insurance industry.
Taiwan life insurance profits climbs by 88.5% to $13.97b
Insurance industry’s profit for 2021 reached $14.78b
Southeast Insurance ceases operations amidst mountain of COVID claims
The company said it cannot pay all the claims for all of its COVID-19 policies.
Generali takes majority stake in Indian JVs
Generali is investing around $190.47m in two joint ventures.
Dah Sing Insurance grants cash allowance for HomeSure policyholders under quarantine
This is exclusively offered for the first year’s policyholders.
AXA launches new AI-powered financial health tool
The tool measures a customers financial health whilst offering solutions.
Tokio Marine enters into an alliance with May Mobility
One of its aims is to research insurance products for autonomous driving.
AXA releases annual mind health and wellbeing study
The insurance firm is set to release a mind health index tailored by country.
Chubb pledges $10,000 for dementia care in Singapore
The grant will be used to improve a digital assistance platform.
South Korea premiums to swell to $229.5b by 2025
Life segment to revive in 2022, driven by increased awareness.
Japanese general insurers shift focus to property and specialty lines
Motor insurance premium decline triggered this shift.
HK Insurance Authority requires staff to be vaccinated
The regulator said it plans to implement this in mid-February.
Peak Re appoints new P&C underwriting chief
He was recently the previous underwriting chief of Echo Re.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work