Djan Magbanua
FWD Group raises $1.425b from private investors
FWD Group raises $1.425b from private investors
The investment will take the form of cash subscription of new ordinary shares.
APRA proposes reforms to strengthen private health insurance
One of the proposals is to increase minimum capital requirements.
Hong Kong International Airport offers free insurance to travelers
Passengers will receive compensation if their flight is delayed more than six hours.
Technology tops risk for insurers in APAC
Multiple technology projects could put a strain on insurers.
Singapore general insurers to end COVID-19 relief measures
The sector-wide financial relief measures will conclude on 31 December 2021.
China scraps foreign ownership limit of insurance asset managers
The current limit is capped at 25%.
Climate change pushes insurers to adopt ESG practices
21.6% believes climate change is the main driver for ESG practice adoption.
ZA Bank launches new savings insurance plan
The offering comes with a guaranteed return rate of up to 2.5% p.a.
AXA Hong Kong introduces instant mental health assessment app
This is exclusive for its Employee Benefits customers.
Chubb reshuffles leadership in Asia
New leaders were appointed for Singapore and Hong Kong.
Tokio Marine launches new partnership with MaaS Tech Japan
This expands their original business alliance agreement in June 2020.
Insurance industry vital to GBA vision: Lam
Hong Kong together with HKIA is working to establish after-sales service centres.
LIA and IMAS relaunches national funds data platform
The new platform has been made user-friendly with several features added.
Australia’s private health insurance rebounds to 44.7%
The country’s private health has been on a steep decline since 2015.
HKIA grants CPIC Life (HK) long term insurance business authorization
The firm focuses on products like health protection and wealth management.
AIA pledges net zero GHG emissions by 2050
The firm’s emissions will be overseen by a climate committee.
WTW acquires Sydney-based aviation insurance broker Aerosure
Aerosure services the insurance and risk needs of the aviation industry Australia and Asia Pacific.
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AI isn’t replacing insurance, it’s finally making it work