News
Chinese insurers hinge on digitisation to boost competitiveness
Chinese insurers hinge on digitisation to boost competitiveness
But upfront investments may undermine near-term performance.
Pandemic mostly hit Malaysian insurers' top lines: report
In terms of bottom line, the sector sees strong underwriting results.
AXA Asia FY2020 gross revenue jumps 11% to $13.3b
Underlying earnings in the region inched up 4%.
Aegon mulls sale of Transamerica Asia business
A sale could possibly fetch $700m.
Hong Kong proposes two-year ILS grant scheme
The amount of grant per issuance will be capped at HK$12m.
APAC insurers grapple to preserve capital buffers amidst volatility
Low interest rates are pitfalls as it cuts income from investment holdings.
Singapore regulator to amend ERM rules for insurers
It wants to boost liquidity risk management and stress testing.
Allianz APAC posts 15.4% 2020 operating profit jump to $670.9m
Both its life & health and P&C segments reported strong growth.
Philippines to launch catastrophe insurance facility in Q1
It will allow insurers to take in more catastrophe risks.
GWP of Indonesian general insurers to hit $5.17b in 2025
The sector is expected to recover 2.9% in 2021.
Manulife HK's 2020 core earnings jump 10% to $812.6m
Q4 core earnings also jumped 10% to $232m.
Indian insurers, paytech partnerships bring wider distribution
Insurers that have done so will reach a bigger client base with less cost.
Asian insurance pricing jumps 11% in Q4 2020
Property pricing rose for the ninth straight quarter to 16%.
IAG records $365m net profit loss for H1 2021
Gross written premiums grew 3.8%.
India's budget proposals could help insurers woo foreign capital
A capital influx could allow the sector to develop distribution networks.
Australian insurance council to review coverage gaps
Concerns have been raised about affordability and availability.
Indonesia floats unit-linked certification service for general insurers
The Financial Services Authority is preparing regulations for unit-linked investment products.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
