Olivia Tirona

Life insurance fell 47.7% in pre-tax profits whilst non-life jumped more than double on a year-on-year basis.

Enterprise Risk Management (ERM) is deemed appropriate for the company’s capabilities.

Kris Faafoi is a former Cabinet Minister.

AM Best said the major non-life insurers carry diversified portfolios and strong capital positions.

The new rules also require a minimum investment of IDR1t for starting new insurance businesses.

The estimated impact of the groups’ Regulatory Solvency Ratio would be -1 p.p.

The industry is seen to grow by 9.5% in 2023 and 9.8% in 2024.

This revision aligns with the compulsory fire insurance requirement in Korea.

70% of Hong Kongers were unprepared for their parents' healthcare costs and children's educational expenses. 

Health insurance claims contributed about 5 million claims processed by partner insurers on Ant Insurance

The renewal season reflects significant changes in market conditions compared to the previous year. 

Clélia Grech will take on her new role with WTW based in Hong Kong.

Policy purchases in March 2023 ahead of budgetary changes subdued FY24.

AM Best's projected 12.2% growth in traditional reinsurance capital for 2023 may be sufficient, given potential variations based on capital deployment decisions.

Digital securities exchange for alternative assets in Southeast Asia, Alta, has partnered with PhillipCapital to launch this new venture.

The partnership grants Prudential access to CIMB Thai’s customer base and branch network in Thailand.