Staff Reporter
AXA to re-domicile Bermuda-based insurance unit to Hong Kong
AXA to re-domicile Bermuda-based insurance unit to Hong Kong
The move will not affect ACRIB’s legal entity, organisational structure, or operations.
Generali completes sale of Philippine unit to Insular Life
In a previous announcement, this could result in a capital loss of ~$23m.
FWD Philippines taps Lau for CEO post in June succession
Lau has been with FWD since 2016.
APAC insurance CROs lag peers on operational risk preparedness
Cybersecurity remains the leading risk in the region, cited by 62% of APAC CROs.
Indonesian association launches 2025–2030 roadmap to strengthen farm insurance
It aims to establish a sustainable ecosystem in support of national food security.
Japan’s top four insurers grow profit 60% in fiscal 2024
However, these insurers expect earnings for fiscal 2025 to ease slightly.
Taiwan life insurers double premium income on spillover-effect plans
As of Q1 2025, the FSC has approved or registered 251 such products.
South Korean insurers bag $10b in profits for 2024
The increase was mainly driven by higher investment income across life and non-life.
Unified Payments Interface drives one-third of insurance payments in India in FY 2025
The rise is most notable in investment-cum-insurance products.
Allianz Malaysia Berhad posts 14.3% rise in insurance revenue for Q1 2025
This is equivalent to reaching $367.2m during the period.
Hanwha Life Insurance outlook revised on stronger profitability
This reflects improved product mix, strong distribution via its subsidiary.
QBE Insurance Group could see 5% revenue growth in 2025
It also has a stable outlook thanks to expectations of continued underwriting discipline.
Vietnam digitises unemployment insurance process to boost service access
The procedure applies to regional and district-level social security office.
South Korea insurance capital dips to $1.81t in Q4
Under transitional measures, the industry-wide K-ICS ratio dropped to 206.7%.
FSC revises digital insurance rules to boost innovation in Taiwan
It will also open the digital insurance sector to non-financial backers.
BRI Insurance gains from property, credit lines in premium surge
The insurer’s regulatory RBC ratio stood at 374% at end-2024.
How did the Philippines’ insurance market perform in Q1 2025?
The commission expects this momentum to continue through the year.
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