Staff Reporter
Profit crash continues in July for Taiwan’s general insurance industry
Profit crash continues in July for Taiwan’s general insurance industry
The industry suffered a 466.7% YoY fall in pre-tax profits.
WTW names former AIA senior exec as new Head of Distribution Advisory
Prior to WTW, he was the CEO of Fortune Life Insurance.
HSBC Life launches protection-linked plan
It offers life protection and investment options.
Hong Kong IA bans insurance agent with fake academic credentials for 3 years
The agent’s license has now been revoked.
AIA Group free surplus balloons to $20.6b in H1 2022
The group’s interim dividend went up by 6%.
Singapore Insurance Institute elects new council members
Jeslyn Tan will serve her third term as president.
Allianz Malaysia records 10.4% increase in GWP for H1 2022
Both its life and non-life businesses also reported GWP increases in H1.
Ignite by Igloo launches in Indonesia
This is their second market, after Vietnam.
Frequency of nat cat events to drive demand in commercial insurance in Japan
The general insurance industry in the country is growing at a CAGR of 3%.
Indian regulator proposes 20% ceiling for insurance agents’ commissions
The proposal will also require insurers to have a board-approved policy on commissions.
Australia life insurance industry net profits crashes by 51.6% in June
The industry’s total revenue also took a dive of 56.4%.
Australian general insurance industry suffers nearly $2b investment loss in June
This was caused by unrealised losses on interest-bearing investments.
Australia private health insurance net profit plummets by 28% in June
Net profits were mainly dragged down by a fall in investment income.
Manulife Hong Kong reports 20th consecutive year of core earnings growth
Core earnings in the first half of 2022 increased by 1%
Ping An net income climbs 3.9% in H1 2022
The group reported a 20.4% ROE for the first half of 2022
FWD Singapore collaborates with IPP Financial Advisers to raise S$1m for NGOs
This is in part of IPP’s 40th-year celebration.
FTLife targets young consumers with new critical illness cover
The product is also perfect for first-time insurance buyers.
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