Djan Magbanua

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.

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.

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

Consumers are cutting back on insurance spending and here’s why

With the cost of living on the upswing, will insurance be cut out of the household budget?