News
Prudential makes leadership appointments in Hong Kong
Prudential makes leadership appointments in Hong Kong
A chief risk officer and general counsel were appointed.
HL Assurance introduces faster flight delay payouts for travelers
The company is the first insurer in Singapore to offer this combination.
Swiss Re board proposes 8% dividend increase
It will mount to $7.35 per share.
Pru Life UK records P10b in new business annual premium equivalent
Premium income from variable life insurance generated $810m.
Rising costs push 1 in 4 Australians risk voiding insurance
Neglecting routine maintenance could lead to consequences at the event of a claim.
Huatai P&C profitability improves as claims experience stabilises
Fitch expects the synergy between Chubb and Huatai P&C to strengthen over time.
Cyber insurers focus on SMEs as policies cover firms under $10m
SMEs account for more than 80% of all cyber policies.
4 in 5 insurers plan to increase AI investment over next year
36% of respondents are also prioritising efforts to build trust.
Ping An remains world’s top insurance brand at $34b: Brand Finance
India’s Life Insurance Corporation’s brand value rose by 36%.
Arthur J. Gallagher & Co. acquires Philinsure
Gordon Joseph and his team will continue to lead operations.
Kita expands carbon insurance coverage to Australia
The move boosts its presence in the region, it said.
APAC insurance M&A drops 25% as firms focus on organic growth
Globally, M&A activity hit a 16-year low in 2024.
53% of firms cite insurance exclusions as clean energy hurdle
They also plan to increase their investments in clean energy technologies by 34%.
Prudential Services India to expand, adding over 400 tech professionals
These professionals should specialise in data, AI and cyber security.
FWD’s first net profit under IFRS 17, records $24m in FY 2024
Operating profit after tax rose 29% year-on-year.
Philippine insurers to adopt IFRS 17 standard by 2027
But insurers may opt to begin adjusting their financial reports prior to the date.
Marsh Specialty welcomes new president
He has more than 35 years of service at Marsh.
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1. Vietnam’s life insurance sector slated for dip this 2025 2. LIA Singapore appoints Wong as president with new 2025 goals 3. BFSI sector leads cyber insurance adoption at 35% to 40% share 4. Malaysia’s healthcare system faces funding, cost challenges 5. This week in insurance: Singapore's insurance sector sees market growthResource Center
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