News
This week in insurance: YAS rolls out AI, Prudential upgrades with pet coverage, Resolution Life completes block transaction
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.
Thailand’s insurance sector posts $29.1t in total premiums for 2024
Its life insurance sector bagged $20.2t.
Markel Insurance strengthens PFR team with Quigan appointment
Quigan will oversee underwriting strategies for new and renewal business.
Allianz unveils CAReS platform to assess climate-related risks
Global losses from climate-related natural catastrophes reached $327b in 2024.
Howden acquires 68.3% stake in Kyoto-based Holos Holdings
The group now employs more than 450 people since entering the market in 2024.
Chaucer adds Emily Brand to energy team in Singapore office
Brand will report to Scott Ho, who leads the energy underwriting.
Resolution Life seals first Hong Kong reinsurance deal worth $1b
The deal covers a portfolio of in-force participating whole life and annuity policies.
Howden Re launches reinsurance broking unit in Hong Kong
A managing director has been appointed to lead the treaty reinsurance operations.
Prudential adds former Swiss Re CIO Guido Fürer to board
Meanwhile, Amy Yip will step down from the Board on 31 October.
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