News
Better skies ahead for China Pacific's new business value
Better skies ahead for China Pacific's new business value
But patience will be needed amidst challenges in recruiting agents.
Chinese insurtech Waterdrop aims to raise $360m in IPO
The firm will sell 30 million American Depository shares.
China clamps down on medical insurance fraud
Fraudsters may face a suspension of reimbursement for up to a year.
Indian insurers' lagging underwriting could hit long-term profits: report
Adequate earnings have not accompanied market growth.
Indian insurers can now invest in REITs, infrastructure trusts
This will boost the overall portfolio yield held by these firms.
Sun Life is 2020's top Philippine life insurer
It netted a $175m net income and $811m premium income.
Ping An boosts green activities in support of China's carbon goal
It proposes performance targets for green finance and measures for green growth.
New specialty businesses to sustain Japan P&C insurers' capital
Growth of specialty products will support underwriting.
India's LIC nets $24.4b in FY2021 new premiums
Its individual life business posted a first-year premium income of $7.5m.
Thai life premiums to hit $22.8b in 2025
Whole life plans drive the sector, accounting for 72% of premiums in 2020.
Munich Re Syndicate launches Labuan retakaful window
Labuan FSA has approved the window facility to write sharia-compliant risks.
Retained earnings, foundation funds buoy Nippon Life's capital
But its capital position is vulnerable to a slump in the Japan stock market.
Philippine senator seeks to include HMOs in insurance code
He also wants the Insurance Commission to be placed under the central bank.
Fraught capital markets put Chinese life insurers on edge
Credit exposure has become more vulnerable to rising defaults.
Philippine non-life insurers must apply new catastrophe rates by April 2022
The cession of facility rates will be based on a maximum limit per risk.
Good underwriting, investments boost Taiwan's Shinkong Insurance in 2020
Its capital and surplus have grown 43% over the past five years.
Indian general insurers wary of growth outlook
The sector is still plagued by negative consumer sentiment, and there are concerns for the 2022 financial year.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
