Olivia Tirona
New Zealand’s insurance profitability remains subdued – Reserve Bank
Regarding regulatory updates, progress has been made in two reviews of insurance regulation.
Manulife surpasses Q3 performance expectations: Report
Analysts have estimated 83 cents per share for the quarter.
Ping An denies news of takeover move: Report
The insurer denied taking a controlling stake in the troubled Country Garden.
AXA XL appoints new CUO for APAC, Europe
She has extensive experience as an environmental liability underwriter.
Manulife HK, Macau’s APE sales and core earnings grew more than half YoY
Higher demand in the mainland prompted this robust growth.
bolttech boosts international collaboration with telecoms
This collaboration aims to provide device insurance for European mobile operators.
WTW opens APAC Climate Risk Centre in Singapore
It concentrates on evaluating and quantifying both physical and transition climate risks.
Coalition inaugurates its first active cyber insurance in Australia
It hopes to fortify businesses’ cyber defences.
The lack of available resources forces asset owners to remain on legacy tech: Survey
More than half of asset owners, including insurers, still utilise spreadsheets for monitoring assets.
Global M&A claims surge despite smaller deal volume: Report
In 2022, the largest claims still originate from accounting and financial issues.
APRA corrects audit standards for life insurers
The amendments were minor changes to level of assurance required for two reporting standards.
Taiwan’s FSC approves 197 spillover-effect insurance products from 13 insurers
These products accumulated 846,835 new contracts.
Miller names new lead for Financial Lines, Asia
William Seccombe will focus on forming a team of experts to boost Miller’s offering.
AXA’s 9M’23 revenue inches up 2%
It accumulated EU78.8b in gross written premiums and other revenues.
ASEAN segments drive AIA’s Q3 VONB, jumps 35% YoY
VONB growth was observed in Mainland China, Hong Kong, ASEAN, and India.
Shinhan EZ General Insurance enters the Indonesia market
It partnered with Tap Insure.
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1. Chubb names ex-AIG exec to lead commercial P&C in APAC 2. How 56% of insurers plan to boost data analytics use 3. Prudential raises over $530m from ICICI Prudential AMC sale 4. Universal life insurance market to reach $132.3b by 2033 5. Cost and low awareness limit health and life insurance uptakeResource Center
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AI isn’t replacing insurance, it’s finally making it work