News

KB Insurance stability supported by strong CSM in long-term plans

Interest income is a key driver of investment profit.

KB Insurance stability supported by strong CSM in long-term plans

Interest income is a key driver of investment profit.

Zurich Malaysia’s new MediAfya+ extends coverage to age 80

MediAfya+ includes deductible choices of $112.91.

SG life sector’s weighted new business premiums surge 24% YoY in 9M 2024

Q3 2024’s weighted new business premiums grew by 18.2% YoY.

Asia’s commercial insurance rates dip 4% in Q3 2024

Global commercial insurance rates fell by 1% in Q3 2024.

HDI Global appoints new CFO from Munich Re subsidiary

He has 25 years of experience within the Munich Re Group.

Over half of insurers penalised for errors

58% of respondents said it takes over five months to implement a rule change.

BOCG Insurance's liquidity sufficient for liabilities: AM Best

The company’s 2023 capital and surplus was driven by underwriting and investment income.

Allianz General cuts travel insurance costs for holiday season

Nearly a quarter of domestic flights in Malaysia faced delays from January to August.

Malaysia’s life insurance market to hit $17.2b by 2028

Endowment insurance is projected to represent 77.3% of total DWP.

Over 38% of Indians remain uninsured despite sector growth

An estimated 14% of the population opts for private voluntary health insurance.

Canara HSBC Life launches India manufacturing fund for ULIPs

The portfolio focuses on Automobiles, Capital Goods, Defence, Healthcare, and Metals.

Zurich’s P&C segment in Asia grows 4% YoY in 9M 2024

The Life insurance segment saw its new business premiums increase by 6%.

RBC rules may shift Hong Kong insurers to bonds: Aviva Investors

Singapore’s asset growth in 2019 and 2022 could spark promise for Hong Kong.

Allianz SE mulls exit from Bajaj Insurance joint ventures

Bajaj Finserv holds a 74% stake in both joint ventures.

Aussie insurers to slash costs by 30% with tech revama

Insurers’ operating costs have surged—20% for incumbents.