News
Toa Reinsurance posts $103m profit in full-year earnings
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.
Indian life insurer collaborates with ministry on Bima Sakhi for women agents
Bima Sakhi agents receive the same benefits and privileges as regular LIC agents.
Aon names DeBrunner to lead global accounting functions
He will succeed Michael Neller, who has held the role since 2018.
Insurers use real-time data to track builder performance – Expert
This comes at a time when construction sign-ups reached an all-time high.
Insurance rates fall across major lines in Asia during Q2 2025
Property insurance rates dipped 5%, driven by strong competition amongst insurers.
AIA Singapore appoints Owen Addison as CHRO
Addison succeeds Aileen Tan, who will retire on 30 September.
bolttech partners with iBox to offer AppleCare in Indonesia
It also features door-to-door pickup and return services.
P&C insurers see steady 4.3% CAGR through 2032
Demand is rising in APAC due to urbanisation and increased risk awareness.
BMS strengthens financial lines with dual national appointments
Both McMillan and Jani joined BMS following its acquisition of Bluebook Brokers.
Hanwha Life enters US capital markets with Velocity deal
This would be the first South Korean insurer to acquire a US securities firm.
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Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness