Staff Reporter
41% of Australian travellers opt out of purchasing travel insurance
41% of Australian travellers opt out of purchasing travel insurance
27% of Australians think travel insurance is unnecessary.
Participation in social insurance grows across Vietnam
Insurance premiums worth $1.99b (VND36.66t) have been collected in the first two months of 2024.
Hong Kong’s PA&H insurance sector to reach $28.5b in 2028
This growth was driven by the increased health awareness brought by the pandemic.
Tokio Marine intensifies climate strategy with policy revisions
The company aims to achieve carbon neutrality by 2050.
Allianz Singapore's claims bot hits milestone with 100 monthly claims
The claims bot, Allison, was launched in July 2023.
Zurich Insurance and Klook collaborate for solution to flight delays
The FlyEasy benefit offers lounge access to those with flight disruptions.
Japan P&C faces investor caution despite positive outlook
Jefferies anticipates a quicker unwinding of equity cross-holdings.
AlipayHK users benefit from Blue Cross travel insurance promotion
Travellers can purchase a five-day travel insurance plan for HK$1.
ASFA blames legislative changes for superannuation insurance downturn
Legislative changes blamed for superannuation insurance downturn.
AIA Group’s margin growth marred by health claims
A negative variance of -$221m on health claims, Jefferies noted.
New regime to strengthen accountability framework for Australia’s financial institutions
The Financial Accountability Regime (FAR) is effective beginning 15 March.
KBFG China sees continuous growth in capital and surplus
AM Best said its relatively small capital base and underwriting portfolio expose it to volatility in the event of large losses.
Prospects brighten for Fidelity Life Assurance's operating performance
The company's financial flexibility is bolstered by its two largest shareholders, said AM Best.
Ping An P&C's favourable business profile in China's insurance market – AM Best
AM Best assessed Ping An P&C to have a favourable business profile.
Singlife joins Sumitomo Life as a fully-owned subsidiary
The transaction valued Singlife at $4.6b.
Great Eastern Holdings and Great Eastern Life issues $2b euro medium-term notes
The notes may have fixed or floating rates or none at all.
S’pore’s general insurance sector climbs 10.1% YoY in 2023
The healthcare sector suffered an underwriting loss due to rising costs.
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AI isn’t replacing insurance, it’s finally making it work