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Hong Kong Federation of Insurers signs research pact with PolyU on claims data trends
Hong Kong Federation of Insurers signs research pact with PolyU on claims data trends
This is because of medical inflation rising to 10.3% in 2024.
QBE launches minor car damage coverage in the Philippines
It allows car owners to get small cosmetic repairs without a claim.
Nuclear energy gains traction with insurers on project risks
Insurers are pushing for customised products that better fit these risks.
Willis appoints Azad Kumar as growth lead for India sectors
He will be based in Mumbai.
Foreigners drive 150% surge in health insurance uptake in India
The growth is strongest amongst women and non-residents.
RHB signs bancassurance deals with Tokio Marine Life, Takaful Malaysia
RHB will distribute life insurance, family takaful, and general takaful products.
China P&I posts steady profits with strong reinsurance support: AM Best
It is also seen to sustain stable earnings.
Global crop insurers expand with 8.7% annual growth rate
Asia-Pacific is expected to see the fastest growth.
Taiwan FSC proposes rule changes to launch digital insurers
The commission wants to require 20% innovation output from new insurers.
Toa Reinsurance posts $103m profit in full-year earnings
Ordinary income contracted by 5.8% YoY to $2.17m during the year.
Pacific insurers cut rates as property and cyber drive decline
Property rates dropped 13%.
This week in insurance: Insurance M&A volume falls, HK insurance premiums hit $28.6b, Tokio Marine rebrands direct auto insurance unit
Global insurance carrier M&A activity dropped to its lowest level.
Allianz Commercial Japan names Brian Jinzenji as new President
Additionally, Yuchiro Funabashi was tapped as the new Executive Vice President.
Singlife’s PROPEL appoints new technology chief
The new CTO will focus on enhancing the PROPEL platform.
Australians assess retirement options amidst superannuation gaps
ASFA recommends $595,000 for singles and $690,000 for couples.
Etiqa Insurance relocates to Capital Square
The company said the move aims to enhance accessibility.
Energy insurers report $2b in claims as rates continue falling
Due to increased capacity and competition, particularly in local and int’l markets.
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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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