Staff Reporter
AIA sees new business value jump 37% YoY in the first semester
AIA sees new business value jump 37% YoY in the first semester
This was mainly driven by the economic reopening in China and Hong Kong.
Insurance is not top priority amongst Singapore’s Gen Zs and millennials: Poll
Only 20% have thought of retirement plans whilst 14% are interested in insurance.
India imposes new tax exemption rule on policies amounting to more than INR500,00
This could negatively impact traditional insurance policies.
China’s insurers to take a hit from elevated risk in trust sector: Fitch Ratings
Risk could affect more financial entities if China's economic recovery slows down and the property sector's distress persists.
About nine in 10 elderly in India do not have health insurance plans
This is equivalent to 135 million elderly in India.
Budget Direct Insurance offers free motor insurance
The promotion can potentially give a reduced premium or a cost-free insurance plan.
Japan’s insurance claims reach Y23.9b end-July – GIAJ
Heavy rainfall at the beginning of the month was noted by the association.
Unrealised losses to fly by top 20 reinsurers: S&P Global
About 25% of the total unrealised losses will reverse by the end of the year.
BMS Group names Tim Hewitt as Head of Japan
Hewitt will oversee inbound-outbound M&A activities in Japan.
Korea P&I Club’s maritime relationships keep strong domestic presence – AM Best
Underwriting performance is also seen to improve in the next few years.
Australian insurers’ ‘cyclical’ profits often affected by uncontrollable entities – ICA
Rise in inflation and reinsurance costs are driving up expenses for insurers into 2023.
Marsh buys Honan Insurance
The acquisition also covers the 80% majority stake of TA Associates.
Pacific Life Re names Vasan Errakiah as Asia general manager
He will join the insurer’s Asia Executive Committee.
Allianz APAC shows solid H1 performance
Its L/H and P&C segments saw annual increments.
Chubb announces country president for Korea segment
Janice (Jae-Kyung) Mo will be succeeding Edward Kopp.
Nippon Life shows robust capitalisation, profitability faces pressure from forex: Moody’s
Nippon Life's economic capitalisation improved to 244%.
About six of 10 financial leaders expect revenue to jump 10% in three years
64% of consumers trust established banks for insurance purchases.
Thought Leadership Centre
In Association with
Resource Center
Read Here
Advertise
Sign Up
Awards
Jul
07
Events
Event News
Showcase your achievements and gain recognition for shaping the future of insurance.
Commentary
AI isn’t replacing insurance, it’s finally making it work