Olivia Tirona
Korean Re to see growth potential in S.K.’s coinsurance business: AM Best
Korean Re to see growth potential in S.K.’s coinsurance business: AM Best
AM Best foresees a notable reduction in KRE's underwriting risk in 2023 due to the planned portfolio restructuring, which aims to offload unprofitable business, especially in the domestic personal line.
Australians urged to secure right insurance when renting out homes for summer – ICA
Holiday rental insurance is specifically tailored for properties rented out briefly.
Investment income to steer China Taiping Insurance’s bottom line: AM Best
CTPI is expected to maintain a prudent investment strategy and stringent risk management in the future.
Tune Protect should see a boost in diversification: AM Best
TPR’s operating performance was ‘satisfactory’, AM Best said.
ICA praises federal overhaul for personalised financial advice boost
The old regulatory framework entailed limited access to financial advice, especially for low- and middle-income Australians.
S.K.’s FSC calls for regulation on online asset users' protection
Slated to take effect on 19 July 2024, the proposed regulations aim to safeguard virtual asset users and establish a secure order in virtual asset transactions.
Sun Life welcomes new president for Asia segment
A search is underway to find Manjit Singh’s successor as Chief Financial Officer.
Asian insurtech investments to recoil in 2024 – Clyde & Co.
Insurtechs offering genuinely innovative and unique solutions are likely to attract interest from capital providers.
Sri Lanka’s life insurance segment surpasses general business in Q2’23
The industry saw its total assets reach $3.1b during the quarter.
Chubb’s balance sheet ‘strongest’ in its financials – AM Best
AM Best forecasts that earnings and cash flows from Chubb Limited's operating subsidiaries will continue to support risk-adjusted capitalization if the need arises.
Taiwan’s life insurance sector will bounce back in 2024 – GlobalData
The industry is forecast to grow at a compound annual growth rate (CAGR) of 3.0% to $91.6b in 2027.
WTW boosts Asia's corporate risk and broking team
Rupert Roberts and Christine Lau are the two newly appointed leaders at WTW.
Sompo Int’l taps new head of claims, commercial insurance APAC
Pablo Diago will report to Paul O’Neill, President of Commercial Lines Insurance for APAC.
Malaysian Re assembles ASEAN RE pool to boost net zero efforts
It aims to lead the ASEAN (re)insurance industry in supporting ASEAN countries' efforts to achieve net-zero emission targets
AIA's outlook turns negative after sovereign ratings: Moody’s
The sovereign rating actions will pressure AIA Co and AIA International's Aa2 IFSR because of the position of its ratings relative to the sovereign ratings of its key markets.
BOC Life’s outlook turns sour: Moody’s
Downgrade risks include failing profitability, capital adequacy, a downgrade of BOC Hong Kong's rating, and a decline in the ability or willingness of shareholders and affiliates to provide support.
Insurers are one of the largest CRE investors in China – Cushman & Wakefield
The share of regional cross-border investment within Asia Pacific reached a 6-year high at 18% in Q3’23.
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