Olivia Tirona

Bupa names Fiona Harris as new managing director in Hong Kong

She will begin her new role beginning 3 October.

PH congressman proposes 2% tax collection on non-life premiums

Currently, only life insurance premiums are taxed in the country.

Hong Kong imposes changes to mortgage insurance plan

Previously, mortgage insurance was only for properties under construction with a property value of up to HK$6m.

Capital pressures linger as insurers adopt new accounting rule in South Korea

IFRS 17 adoption is seen to improve insight into margins and reserves, increase motivation for long-term profitability, and better global comparability for insurers.

Lloyd’s of London and UNCDF extend arms to climate-vulnerable nations

The partnership will also aim to replicate this model in other regions, including Asia and parts of Africa.

New framework catapults Singapore’s insurance sector resilience: S&P Global Ratings

Although the framework could raise operational costs, it will run some benefits.

Singlife inks deal with AIC, Homage for long-term care

Singapore is currently facing the challenge of rapid aging.

August’s weather turmoil caused claim payments to reach Y40b – GIAJ

This was driven by a rainy season front and Typhoon Mawar.

AIA recruits independent non-executive director

She has various experiences in the financial sector.

S.K.’s FSC raises KRW73.8t in policy funds for venture capital in FIs

This exceeded the initial supply plan of 66.7% by August and achieved 80.4% of the annual target.

The Philippines’ life insurance sector climbs 9.6% YoY in Q2

This was driven by the surge recorded in premium collections from traditional life insurance products.

GIAJ’s Chairman shares major initiatives to address shortcomings in the industry

It emphasises preventative measures against fraudulent insurance claims and prove-fixing practices.

Philippines’ Nat Re’s underwriting performance seen to improve: AM Best

Nat Re's enterprise risk management approach is appropriate for its current size and complexity.

Korean Re’s 1H23 earnings surge to KRW269b

Korean Re started reporting quarterly results based on IFRS 17 and IFRS 9. 

New business value in China’s insurance sector show strong growth in 1H23: UOB

It expects NBV growth in domestic and regional life insurance to diverge in the second half of 2023.