News
Tokio Marine probing validity of Australian unit's Greensill policies
Greensill has filed for insolvency after losing coverage for debt repacking business.
Taiwanese insurers gain from higher limit on foreign currency policies
It will incentivise sale and back overseas investments, an analyst said.
Chinese insurers' gross premium income jumps 11.6% to $155b
Life insurers' premium income rose 13.5%.
Australian regulator warns of bad trends in superannuation
There has been decay in group life insurance claims in 2019 and 2020.
Indonesian takaful market gaining ground despite low penetration
The low market share is driven partly by the still-nascent Islamic finance ecosystem.
Australian general insurers' 2020 net profit nosedive 99% to $26.8m
Catastrophe claims and BI provisions were amongst the reasons.
Eight in 10 Singaporeans without CI experience fret over medical bills: survey
Almost 30% of CI patients incur more than S$250,000 in medical and hospital bills.
Singapore life insurers to assist policyholders as deferment period closes
Those currently under the scheme will remain until their applicable end date.
India mulls hiking LIC's authorised capital ahead of IPO
The life insurer's paid-up capital is currently at $1.4b.
Losses continue for Australian life insurers
Risk products posted a combined net loss of $379m in December 2020.
Australian insurers' capacity shrinks: report
Several classes have experienced premium hikes.
Taiwan insurers' 2020 pre-tax profit jumps 30.7% to $8.35b
The buoyant stock market drove the growth.
Hongkongers more keen about retirement planning now: report
But there is still room for improvement in terms of actual performance.
India mulls capping banks' ownership stakes in insurers
It suggests that the central bank is looking for uniformity in ownership rules.
Micro-insurance products enter Singapore to combat risk aversion: report
Credit insurance has become more diffifcult.
South Korea opens consultation on short-term insurance policies
Revisions include a $1.8m minimum capital requirement for insurers offering such plans.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. HSBC says 'no decision' made in Singapore insurance review 3. Can China’s $140b motor insurance market survive a 70% loss ratio? 4. TS Holdings merges Shin Kong Life and Taishin Life 5. PNB MetLife launches dividend fund linked to insuranceResource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
