Djan Magbanua

First Insurance Limited remains stable amidst looming portfolio transfer: Fitch

The insurer remains open to new business until the transfer.

Stricter capital requirements to put pressure on Eka Lloyd: Fitch Ratings

The insurer would need to raise capital to meet the government’s $15m requirement.

EGIB balance sheet strength underpinned by risk-adjusted capitalisation

Its balance sheet strength achieved its ‘strongest’ level at year-end 2023.

Three insurers sign MoU to expand auto insurance in Hong Kong

The MoU will help in developing insurance for EVs.

Insurers urged to focus on coverage gaps, resiliency

They are also told to leverage technology strategically to improve their business strategies.

Prudential expands hospital coverage in Chinese mainland

It is the first insurer in Hong Kong to cover all Class 3 public hospitals and Class 2A hospitals.

Allianz Partners teams up with bolttech to launch embedded insurance in APAC

The two will jointly provided embedded device and appliance insurance.

FWD and Club Care partners to launch online insurance platform Club Care

The new platform will give out points to redeem loyalty rewards.

Allianz Trade names new India country manager

The insurer predicts that India will be Asia’s next growth engine.

Manulife enters $1m partnership with Kiva

The partnership will create a revolving fund for microentrepreneurs

India’s General Insurance Council to punish overcharging hospitals

Punishment ranges from warnings to permanent blacklists.

TMLS appoints two new C-suites execs

Both appointees have experience in senior leadership roles.

Insurers should keep an eye on liquidity risks: MAS 

The financial watchdog warns that insurers should be wary of the effects of economic instability.