Staff Reporter
Philippine Deposit Insurance remits $2b to fund gov’t projects
Philippine Deposit Insurance remits $2b to fund gov’t projects
The Deposit Insurance Fund is kept within the target level established by the board.
South China Insurance maintained stability, robust capital in 2024
Its adjusted capital and surplus rose by 23% to $277m.
FM Global stresses insurance readiness amidst extreme weather in Asia
La Niña could emerge weakly in late 2024 and early 2025.
Insurance-linked securities proposed for cyber threats: Geneva Association
It will attract additional risk-bearing capacity from outside the sector.
India's non-life insurance slightly dips by 0.33% in December
On a year-to-date (YTD) basis, the industry jumped 7.82%.
Manulife’s new single-premium policy offers annual yield of 4%
The policy is available for a minimum premium of $3,650.
T. Rowe Price boosts Asia team with senior hire
She brings over two decades of experience in investment and research.
Miller sets footprint in Korea
The Korean office will be led by David Kim.
Allianz China, Fudan University partner to boost insurance research
The centre will focus on tech, risk management, and ageing population.
Rate pressure continues in aviation insurance: Gallagher Re
The Jeju Airline loss calls for revising airline insurance pricing.
Asahi Life’s capitalisation boosted by robust underwriting: Fitch
The company’s core profit margin increased to 16% in the first half of FY 2025.
Philippines set to increase deposit insurance in 2025
The PDIC’s current maximum insurance coverage amount is at $8,522.32.
New reinsurers enter Korea’s property treaty market, says Gallagher Re
Competition was more intense for excess of loss placements compared to pro rata.
EGIB balance sheet strength underpinned by risk-adjusted capitalisation
Its balance sheet strength achieved its ‘strongest’ level at year-end 2023.
Three insurers sign MoU to expand auto insurance in Hong Kong
The MoU will help in developing insurance for EVs.
India’s insurance penetration slumps to 3.7% in FY 23-24
Insurance density in India rose slightly, from $92 in FY 22-23 to $95 in FY 23-24.
MPM Insurance’s profits stable, bolstered by investment yields
The company's GPW grew by 23% in the first nine months of 2024.
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