Staff Reporter
Hang Seng Insurance to benefit from parental ties
Hang Seng Insurance to benefit from parental ties
It is expected to penetrate its parent’s client base further.
Philippine life insurance sector slated for 5.4% CAGR by 2028
The industry will likely increase by 3% this year.
APAC reinsurers poised for growth on the back of sustained demand
Easing premium rates and organic demand will drive growth, said S&P.
Double-digit premium growth lifts AIA to record value of new business in Q3
VONB is $1.16b in Q3, a 16% increase compared to Q2 2024.
Allianz Trade launches sustainability product Surety Green2Green
It insures sustainability-related projects, and premiums received are invested in certified green bonds.
Trust Bank, Income Insurance rolls out new travel insurance
It offers coverage for unused entertainment tickets, and shopping and baggage coverage.
WTW debuts new insurance brokerage service in Japan
They will offer insurance solutions to commercial clients as well as reinsurance services.
Prudential appoints Patrick van Heerde as chief partnership distribution officer
He was formerly the APAC head of partnerships for HSBC Life.
Ageing population to drive insurance take-up in South Korea
For 2025, $167.1b in direct written premiums are expected to be amassed by insurers.
Chinese life insurers boost efforts in pension finance
The sector has been named as one of the five key areas for financial sector growth in China.
AIA gains approval to expand to China’s Shandong province
It is the second most populous province in mainland China.
Zurich Life Malaysia names Pauline Teoh as new CEO
Teoh brings 25 years of experience in the insurance industry.
AIA China clinches approval to establish Anhui branch
Anhui has a population of 60 million people.
Prudential launches insurtech solutions MedScreen+
The solution was launched in partnership with Reinsurance Group of America, Incorporated.
Property insurance industry to exceed $152b by 2028
China is forecast to lead with 36% in terms of written premiums.
Prudential adopts Google’s MedLM to improve claims accuracy
It will use MedLM to analyse documents submitted for health insurance claims.
HSBC Life HK nabs ex-Zurich APAC CEO for chief product and in-force officer
Geoffrey Au spent 10 years with Zurich Insurance Group APAC.
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AI isn’t replacing insurance, it’s finally making it work