News

Allianz General Berhad distributes surplus funds to charities

This product is based on universal values and aligned with Islamic Financial Principles.

Hang Seng Bank, Chubb ink 15-year bancassurance partnership

A lucky draw quiz will be open to commemorate the partnership.

Hong Kong’s Insurance Authority hails amendment bill for risk-based capital

Preparatory work for the RBC regime will be followed by a public consultation.

IAG subsidiary CGU Insurance inks partnership with ANZ

CGU will offer general insurance products to ANZ's retail banking customers.

Generali acquires Conning from Cathay Life

Impact on Generali's Solvency II ratio is expected to be minimal.

New Zealand's Veterinary Professional Insurance Society solvency to weaken: analyst

This is due to a significant increase in the regulatory solvency requirement.

Chubb Life NZ operating performance ‘adequate’: analyst

Chubb Life NZ faced challenges in its operating results in 2021 and 2022 due to interest rate hikes.

Hanwha General Insurance to weather interest rates, start-up woes: report

Hanwha General Insurance also showed a strong balance sheet performance.

AIA adds two new non-executive directors, Swee-Lian Teo resigns as chairman

Mari Elka Pangestu, Ong Chong Tee, and Chow Chung-Kong are to take on new roles.

Philippines’ general insurance sector to grow 11.6% in premiums: GlobalData

This is equivalent to P211.5b ($3.7b) gross written premiums.

Tokio Marine launches intelligence platform

Tokio Marine hopes to attract insurtechs for product development and innovation.

Ping An granted top 1% in ESG amongst Chinese firms: S&P

S&P Global debuts its China edition of the Global Sustainability Yearbook.

Fanhua appoints new co-chairman and CSO

Ben Lin has been appointed due to his extensive knowledge of the global insurance industry.

South Korea approves recovery plans of Korea Deposit Insurance Corporation

The plans of 10 D-SIFIs (2023) align with international standards and recommendations from the FSB.

Microsoft, Singlife push for AI adoption amongst insurers

Singlife is the first in its industry to collaborate with Microsoft for the programme in ASEAN.

Manulife Philippines names new CFO and CRO

President and CEO of Manulife Philippines emphasised the importance of appointing seasoned professionals.