News

Microsoft, Singlife push for AI adoption amongst insurers

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

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.

Thai online insurance provider acquires FWD General Thailand

FWD General was previously acquired by Singapore-based bolttech.

China Life plans to boost services for mainland clients: report

Mainland customers drove new business premiums growth year-to-date.

Hong Kong’s insurance complaints rise 18.6% in 2022

About 359 cases were claim-related whilst 20 were non-claim related.

GIAJ names new chairman, introduces priorities for coming year

His key policies and initiatives involve digitalisation, climate change, and sector awareness.

Markel names ex-Swiss Re head of casualty as its Asia chief of underwriting

Kevin Leung was head of casualty and financial lines for APAC at Swiss Re.

Australia’s Fed penalises Insurance Australia Group

Its wholly-owned subsidiary provided misleading information over pricing discounts.

SK’s regulators to return KRW12.4t worth of unclaimed insurance funds

The sector is also planning to shorten the transfer process to KINFA by one year.

Reinsurer Canopius builds global cyber incident team

It consists of members from Sydney, London, and Chicago.

Prudential, Bangkok Dusit Medical Services team up to offer breast cancer services

This coverage includes treatment costs and specific accommodation expenses.

Philippine micro-insurance premiums rise 14% in 2022

Total lives insured under micro-insurance products reached 57.8 million.

Korean reinsurance jumps 15.3% in 2022

There is higher demand for reinsurance and co-insurance, Korea Re said.

MAS floats raising deposit insurance coverage to S$100,000

This will result in 91% of deposits being fully covered by deposit insurance.

Philippine life insurance up 3.30% in first quarter

Total assets accumulated for the quarter reached P1.71t.

Chubb appoints new COO of global reinsurance

This appointment is effective immediately.

Allianz Global announces new CFO for corporate and specialty

Claire-Marie Coste-Lepoutre will take over Oskar Buchauer.