News
Philippine insurers to shift towards new accounting system by 2025
Philippine insurers to shift towards new accounting system by 2025
Insurers may start to adopt the PFRS 17 in 2023.
HK regulator fines two insurance broker firms for non-submission of financial docs
One of the firms has had its licence suspended.
HK regulator extends measures on non-physical product distribution
It covers the online distribution of QDAP, VHIS, amongst others.
China regulator proposes revisions on reinsurance
It seeks to tighten its watch especially on concentration and overseas risks.
Chubb makes senior management shuffles in APAC
It has also created a new role for consumer lines.
Philippine insurers shell out $80.93m in 2020 COVID-19 claims
Almost $25.4m (PHP1.22b) comprised death benefits.
Australia's HBF acquires CUA's health business
CUA will use the funds from the sale to boost its banking line.
China drafts tables to improve accident insurance pricing
The tables aim to weed out products with low compensation rates.
India's Star Health to raise $275m for IPO
It will be the fourth private insurer to list on Indian stock exchanges.
Singapore's Surer launches insurance quotation marketplace
The platform was built specifically for intermediaries.
Five reinsurers apply for Nepali licence
Only one reinsurer is currently operating in the country.
Aviva Singapore names new group CEO
Pearlyn Phau Yee Meng will also be the executive director.
Australia's ICA posts review on commercial insurance
Affordability and availability issues were focused on public liability, amongst others.
India releases final rules on higher FDI for insurers
At least 50% of annual net profit must be maintained as general reserve.
Underwriting woes to plague Chinese non-life insurers into 2021
Both motor premium value and underwriting were hit by the motor insurance reform.
China Pacific Insurance pushes for diversity, stability in 30th anniversary
It will deepen efforts in health-related business development.
India's Acko seeking funds for unicorn status
The startup is looking to raise about $200m.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness