Frances Gagua
Manulife Financial reports $5.6b net income for 2023
Manulife Financial reports $5.6b net income for 2023
Earnings per share is $2.62 for the period
Philippine social insurer GSIS logs record-high premiums for non-life insurance arm
This makes GSIS the largest non-life insurer in the Philippines.
AIA’s China expansion to enhance earnings diversity in long run: analyst
But capital buffers may narrow due to dividend payout and share buyback schemes.
Etiqa Singapore rolls out pet insurance offering S$15,000 surgery cover
The plan covers congenital and hereditary diseases, accidents, and surgeries.
China life insurers to focus more on quality over premium growth: analyst
Tightened regulations weakened China life insurers’ premiums in December.
Allianz Life sees number of new agents grow 51.9% in 2023
Its market share expanded to 12.1% during the same year.
MSIG Insurance launches personal accident plan with essential, recovery support
It offers payout and support in the event of accidental death or permanent disability.
Mainland Chinese tourists fuel growth in Hong Kong’s life insurance market
The industry will grow 4.1% by 2028 due to more mainland tourists and the super aging population.
Prudential HK teams up with local hospitals to launch new cancer service
It offers exclusive medical concierge services, amongst other benefits.
Singlife receives $179.9m capital injection from Sumitomo Life
With 23.68 million new shares, Sumitomo Life now owning a 27.001% share.
Sompo Int’l assigns new lead for crisis management, commercial P&C insurance
Chiew is based in Singapore and joins from AXA, where she was a senior underwriter.
Chubb names new general insurance head of property, APAC & Japan
Ben McGregor will begin working on his new role on 1 December 2023.
Nearly 2 in 5 of SEA’s L&H premiums now from bancassurance: Swiss Re
But many customers don’t trust bank sales representatives as much, the study found.
FWD Philippines launches insurance plan for gamers
Customers can opt to add critical illness benefit, accidental death coverage, or both.
Singlife offers one year free life insurance coverage to caregivers
It is given to the first 200 who successfully sign up for SG Assist’s new membership programme.
How InsurSaathi is fast-tracking onboarding of new agents in rural India
InsurSaathi comes with an in-built insurance training module, all done remotely.
Asian insurers’ AI-readiness dictates their competitive advantage
Experts reveal why insurers that adapted AI earlier are now realising bigger extra earnings or cost reductions.
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AI isn’t replacing insurance, it’s finally making it work