Staff Reporter
Axa Hong Kong and Macau launch Max Goal II Insurance Plan
Axa Hong Kong and Macau launch Max Goal II Insurance Plan
It promises a breakeven timeframe of 5 years.
Insurtech bolttech closes $147m series C funding round
Sumitomo Corp also entered into a JV with bolttech for embedded insurance.
Japan’s Dai-ichi Life may get $104m annual profit raise after M&G deal
Fitch anticipates minimal and manageable negative impact on Dai-ichi Life’s capital adequacy.
Transamerica Life Bermuda secures license to operate in Dubai
This will allow the company to support its distribution partners in the Middle East.
India’s insurance domestic investments grow 6.5% YoY in FY 2025
It was due to a slowdown in economic activity and vehicle sales.
Cambodia's gross premiums up 6.6% in April
Life insurance increased by 9.8% YoY to $16.3m.
HSBC, Allianz Life launch wealth growth and life protection plan in Malaysia
The plan offers a minimum sum assured of MYR1m and payment flexibility.
FWD Life Insurance is the Philippines' top life insurer in Q1 2025
Its new business annual premium equivalent rose 57% during the quarter.
Lloyd’s updates executive team, splits chief of markets functions
Rachel Turk and Caroline Sandeman-Allen are tasked with underwriting and oversight, respectively.
RGA and Dai-ichi Life sign $1b coinsurance deal
The effective date of the transaction is 31 March 2025.
Australia sues insurance comparison site Choosi for alleged misleading claims
About 4,225 funeral insurance policies and 9,478 life insurance policies may be affected.
Swiss Re promotes Cyrus Pang to director, Asia head of claims
Pang has been with Swiss Re for over 4 years.
AIG names Celina Ennis as head of ANZ
Ennis will join from Allianz, where she worked for 4 years.
Lockton appoints Darryl Lee as head of ProExec
Lee joins from Aon, where he spent 8 years.
Australia to redraft new insurance code of practice
Public consultation will take place in the first quarter of 2026
FuSure expected to maintain strong balance sheet as it expands business
It recently received a long-term reinsurance license authorisation from Hong Kong regulators.
Sompo Japan Insurance submits improvement plan after info leakage
It has apologized to customers and stakeholders.
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