Olivia Tirona
Chubb announces country president for Korea segment
Chubb announces country president for Korea segment
Janice (Jae-Kyung) Mo will be succeeding Edward Kopp.
Nippon Life shows robust capitalisation, profitability faces pressure from forex: Moody’s
Nippon Life's economic capitalisation improved to 244%.
About six of 10 financial leaders expect revenue to jump 10% in three years
64% of consumers trust established banks for insurance purchases.
Hong Kong imposes six-month ban on Chan Ka Hey for fabrication
To deceive the insurer and his employing bank, Hey fabricated a new DDA form with a cut-out of the client’s signature, without consent.
Singaporeans want more detailed insurance plans, 90% willing to share more data: Capco
Insurance policyholders want more personalised long-term savings products, life insurance, and health insurance.
Hak Hong Soo takes seat as Generali Philippines’ President and CEO
He was previously the regional head of health.
Taiwan’s Insurance Bureau calls for China investment risk report
The regulator urged life insurers to report back risks related to the growing instability of China’s financial market.
Australian regulator nudges insurers to improve claims handling
After concluding a review, five key shortcomings were identified.
H1 profits of Samsung Fire & Marine climb nearly a third from last year’s
It climbed 27.4% to KRW1.2t.
Lloyd’s of London trump insurers in rate hikes, Taiwan concerns linger
China’s possible military action could cause insurers to raise rates.
Australia’s home insurance premiums surge 28% in Q1 – Report
This strain affects 1.24 million Australian households.
KB Financial sustains H1 performance, driven by interest income growth
Its insurance units saw mixed results.
Hong Kong Insurance Authority reappoints CEO
His reappointment is effective 15 August 2023 to 14 August 2026.
Aon unveils regional leader for Asia segment
He will be relocated to Singapore.
Gallagher Re purchases Australian-based insurance brokerage firm
The acquired entity will merge with Gallagher Re’s Darwin office.
Aijiao Ruan becomes senior underwriter at AXA XL Insurance Asia
She will take on the underwriting of the Specie business.
Tokio Marine sells Guam subsidiary to Calvo Enterprises
To validate capital efficiency improvement and risk diversification efforts, TMPI was put up for sale.
Commentary
AI isn’t replacing insurance, it’s finally making it work