Staff Reporter
Japan life insurers double premiums to $12b in 2023
Japan life insurers double premiums to $12b in 2023
Operating expenses also doubled for the year.
Hong Kong slams prohibition orders on former agents
Three agents committed separate crimes such as falsified accreditation and unauthorised benefit transfers.
ICA engages treasury on proposed financial advice reforms
A consultation roundtable was conducted last 19 February.
S&P expects APAC trends to return to fundamentals
Insurers are expected to focus on underwriting and prudent risk selection.
S’pore SMEs fear business interruption but don’t own insurance for it
S’porean SMEs said cyberattacks were the most common incidents in 2023.
International revenues soar 44% for Miller, Asia expansion notable
The company had five new teams launched, two of which are in Singapore.
Prudential Singapore to hire 800 financial reps
Those new to the industry are allotted time to learn and hone their skills fit for the insurance industry.
APAC to lead trade credit insurance, global growth to rise 9.3%
Robust activity in world trade pushed demand for trade credit insurance.
Over 18,000 new claims filed after recent Australian catastrophes
Insurers have already closed 28% of claims, paying out AU$171m
Malaysia’s takaful sector stable, but rising claims weigh on growth
Growing demand for digital services will be a catalyst for growth.
APAC a major driver of mobile phone insurance market’s CAGR by 2028
Growing phone theft incidents also contribute to market growth, as victims seek protection through coverage.
Chubb's senior notes proceeds for corporate use
It includes repayment of Chubb's $700m senior notes.
Heng An Standard Life backs Hong Kong's new investment scheme
It also introduced five new long-term insurance and wealth management services.
Miller names new head of operations for Asia
Frédérique Champvillard will spearhead the firm's expansion in the region with a particular emphasis on enhancing client service.
Malayan Insurance upgrades catastrophe risk analytics with Moody's modeller
The insurer said it aims to gain a comprehensive understanding of risks across regions and perils.
Allianz Taiwan's strong capitalization boosts resilience: Moody’s
The insurer faces challenges due to its moderate overall market presence.
Pacific Int’l Insurance should see better ERM capabilities: AM Best
The insurer’s profile is deemed limited due to its focus on motor coverage and partnerships.
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