News
QBE gross written premiums up 11% in Q1
The insurance firm expects to record a 10% growth for 2023.
VINARE to maintain robust performance: AM Best
Its return-on-equity ratio for the past five years proved better incoming performance.
AXA's gross premiums up 1% in Q1; life, health premiums fall
Its growth was driven by the property and casualty segment of the insurance firm.
Rising interest rates prompt insurers to reevaluate alternative asset allocations
Insurers shift focus to private debt and infrastructure debt as yields rise on core fixed-income investments.
Generali launches Malaysia unit post-acquisition of AXA Affin
The transaction valued the acquired companies at RM1.29b.
Agricultural households covered skyrockets in 2022 vs 2010: Korea Re
This was boosted by the agricultural and fishery disaster insurance scheme.
Ping An paid out over 200 million cases in 2022
P&C claims had the most paid coverage with RMB194b.
Singapore’s life insurance industry down in first quarter
Annual premiums surged 24.7% on a quarterly basis.
AEON Retail partnership will offer device protection for Malaysians
It can cover smartphones, tablets, and other home appliances.
Starr Insurance puts up Labuan branch, Malaysia
The Labuan Financial Services Authority granted the insurer a general license.
Manulife HK and Macau insurance sales rise 26% to HK$1.66b in Q1
Critical illness plans and deferred annuity plans increased by over 40%.
Insurers see changing attitudes towards health and wealth amidst economic crisis: Manulife
70% of people in Asia express confidence in achieving their personal finance goals, with saving for retirement as the top priority.
Japanese tech firms create embedded property insurance for online real estate
The insurance will be offered to RENOSY customers.
FWD Singapore unveils first participating fund
It plans to encourage customers to invest in a passive income stream.
Prudential’s first-quarter APE up 35%
Sales in its bancassurance business fell 4%.
Peak Re 2022 gross written premiums up 7%; records net loss
It expects to benefit from improved technical results and investment returns for 2023.
Suzuki Malaysia has appointed Tokio Marine as its sole panel insurer
Suzuki motorcycle riders have a chance to receive complementary add-ons.
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