News
Grandtag opens larger Singapore office to support regional growth
Grandtag opens larger Singapore office to support regional growth
The broker’s new office is estimated to be 40% bigger than the previous location.
Tokio Marine aids ADB lending by joining $2.75b credit programme
ADB intends to quadruple private sector investment, financing by 2030.
Zurich’s APAC segment sees P&C climb 6% in Q1 2025
Globally, life business also posted significant gains.
This week in insurance: HK’s first children’s CI coverage, Singapore hobbyists covered, Mental health claims rise in India
Markel Insurance also unveiled a Clinical Trials insurance product.
Prudential, Foshan Fosun Chancheng to enhance medical services coverage
Eligible customers will have easy access to the ‘Medical Expenses Direct Billing Service’.
S&P flags distribution risk for Helia after CBA contract loss
Although Helia is expected to retain approximately 21% GWP.
bolttech forms JV with Sumitomo on device protection in Asia
They expect the device protection market in the region to outpace global growth.
Australia drives insurance reviews with $20m fines on compliance breaches
Recent court rulings also indicate a trend toward non-indemnification.
Manulife Asia’s Q1 net income surges 57% YoY to $435m
Globally, its Q1 2025 earnings contracted by 47% YoY.
Bowtie debuts first term critical illness plan for children, pregnant women
Bowtie’s new plan is a term-based product with no savings component.
Allianz Partners launches cruise insurance with cruise line as bookings rise
Cruising now accounts for 10% of all travel amongst Australians.
Chubb Life Hong Kong offers digital plan with life and accidental death cover
The product does not require a health examination or financial background check.
Great Eastern see earnings rise 13% YoY in Q1 2025
But total weighted new sales contracted by 34% YoY.
Markel Insurance launches clinical trials coverage in 100 jurisdictions
It is tailored to meet local regulatory requirements.
Blue Cross premiums surge 22.1% YoY in 2024
The insurer’s non-medical business grew by 31.7%.
Insured losses to surpass $200b in 2025 as risks escalate: Geneva Association
The institutions also emphasised how P&C re/insurance can help mitigate challenges.
Japan’s insurers disbursed $730m on disasters including Noto quake
Ishikawa Prefecture recorded the highest payouts.
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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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