Olivia Tirona
Ping An paid out over 200 million cases in 2022
Ping An paid out over 200 million cases in 2022
P&C claims had the most paid coverage with RMB194b.
Singapore’s life insurance industry down in first quarter
Annual premiums surged 24.7% on a quarterly basis.
AEON Retail partnership will offer device protection for Malaysians
It can cover smartphones, tablets, and other home appliances.
Starr Insurance puts up Labuan branch, Malaysia
The Labuan Financial Services Authority granted the insurer a general license.
Japanese tech firms create embedded property insurance for online real estate
The insurance will be offered to RENOSY customers.
FWD Singapore unveils first participating fund
It plans to encourage customers to invest in a passive income stream.
Prudential’s first-quarter APE up 35%
Sales in its bancassurance business fell 4%.
First quarter new funding for InsurTech surge 37.6%: Gallagher Re
This signals the industry may return to pre-COVID-19 levels in 2023.
Peak Re 2022 gross written premiums up 7%; records net loss
It expects to benefit from improved technical results and investment returns for 2023.
Suzuki Malaysia has appointed Tokio Marine as its sole panel insurer
Suzuki motorcycle riders have a chance to receive complementary add-ons.
HK Insurance Authority opens Northbound travel scheme for motorists
This will allow eligible Hong Kong private cars to travel through HQMB without needing regular quotas.
Great Eastern posts S$244m in Q1 profits
Total weighted new sales, however, declined by 22% during the year.
Allianz APAC and INSEAD collaborate for Life and Health program
The training will be offered to licensed Life and Health business professionals.
Korean insurers see 2022 profit surge 11.1%
The Korean insurance market is expected to grow by 2.1% in 2023.
FWD and SCB add 2 years to Thailand bancassurance contract
The collaboration with SCB has the largest contribution to FWD Thailand’s business.
2023 a mixed bag for Asian insurers: S&P
S&P also warns Asia insurers to be cautious of the effects of geopolitical risks
Canopius names two heads to boost P&C reinsurance services in APAC
They will lead the expansion of Canopius’ local reinsurance offering.
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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