Staff Reporter

Insurers adapt to EV demands with specialised risk products

EV insurance is estimated to surge $687.62b by 2029.

Declining yields pose risks to China's insurance sector

In late 2023, regulators eased some C-ROSS rules, prompting insurers to raise capital via perpetual bond issuance.

Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong

The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.

Overseas ventures of South Korean insurers post mixed results in FY’23

Insurers have operated 41 overseas businesses in 11 countries as of yearend.

New Zealand supports comprehensive reform of insurance legislation

The ICNZ also pledges to collaborate with the government and regulators.

Prosper Health joins AXA to strengthen healthcare in China

AXA customers gain access to medical facilities across 296 cities in China.

Sun Life unveils new ESG-focused critical illness plan

The plan covers 188 illnesses and 38 complex surgeries.

HKIA welcomes World Bank’s second Cat bond, worth $150m

It will offer coverage against storm risks in Jamaica.

FWD Names Salvilla chief health officer of new unit

Dr. Salvilla joined FWD back in March 2021.

GX Bank, Zurich Malaysia ink 10-year bancassurance partnership

They will co-create micro digital insurance products for Malaysians.

Triple P Capital acquires 85% stake in MAAGAP

The investing group aims to boost its presence in the Philippines.

Philippines' microinsurance premiums jump to $240m in 2023

The year saw 56.62 million Filipinos covered under microinsurance policies.

Hang Seng upgrades annuity plan

Only 22% of professionals felt confident about their retirement funds. 

Chubb, Maryland to discuss $350m compensation deal: Report

Analysts anticipate total insurer payouts could reach $4b.

Microinsurance sees $41.4b market potential

71.5% of APAC received insurance for property or loss-of-income.

Pacific Prime and MixCare partner for employee wellness in HK

Pacific Prime's customers will now have access to MixCare's platform.