News
Insurers raise private asset allocations to 21% in 2024
Insurers raise private asset allocations to 21% in 2024
17% of fixed income investments are now in private credit.
CNPC Captive Insurance to upstream 40% of income to parent group
Fitch Ratings said the insurer is forecast to deepen its coverage of insurable risks.
FWD Group prices Hong Kong IPO at $4.84 for 7 July debut
The offering is expected to raise $445m.
Great Eastern says no takeover rules broken in OCBC offer process
It added that the final offer was higher than the prices first discussed.
ICA urges review of Tasmania’s plan for state-owned insurer
The ICA said the plan would shift disaster recovery costs.
P&C insurance market to reach $3t by 2032 on global demand
The market was valued at $1.9t last year.
Vietnam tightens enforcement as social insurance violations and delays mount
Failure to register eligible employees for SI or UI within 60 days of the legal deadline.
Philippines proposes motor premium hikes with wider cover
The revised premium structure retains fixed additional charges.
This week in insurance: YAS rolls out AI, Prudential upgrades with pet coverage, Resolution Life completes block transaction
Manulife Singapore also shared new digital initiatives.
Insurers tackle low app usage with embedded options
App penetration remains low, pushing firms to embed coverage into daily platforms.
FWD Indonesia shifts focus to protection and unit-linked plans
Fitch said this comes amidst a 24% decline in gross written premiums.
Philippine state insurer completes non-life insurance hub rollout
The new hub serves both individual GSIS members and institutional clients.
Indonesia launches marine trust to fund coral reef insurance
Swiss Re is a key partner in this initiative.
Taiwan expands long-term care to younger dementia patients
The current system limits coverage mainly to those aged 65 and older.
Sun Life upgrades savings insurance with wealth transfer tools
It also introduces a rare multiple Contingent and Interim Policy Owner Arrangement.
Ardonagh acquires Apex Insurance to expand footprint in Asia
The acquisition adds to Ardonagh’s existing regional operations under PSC HK Insurance Group.
HKIA fines broker for inadequate indemnity insurance coverage
One company failed to segregate client monies from its own funds.
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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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AI isn’t replacing insurance, it’s finally making it work