Olivia Tirona
Allianz Malaysia launches campaign for retirement readiness
Allianz Malaysia launches campaign for retirement readiness
Only 38% of Malaysians have taken steps to prepare for retirement.
Igloo and Circle K team up for insurance offerings in stores
Plan prices range from VND30,000 to VND282,000.
ICICI Prudential posts 27.8% VBN growth for 2023
Its profitability reached R27.5b.
Global non-life insurance premiums expanded 16.4% in FY2023
Growth was pushed further by high demand for health and motor coverage.
AIA Group’s new business value grew 28% in the first quarter
Its China operations had the biggest share in the overall VONB.
Chubb records a 3.1% dip in Q1 net income
Net profit amounted to $1.89b.
Ping An Insurance books $5.55b Q1 net profit
Net income grew nearly half on a year-on-year basis.
NorthStandard opens Asia HQ in Singapore
The new HQ shows the firm’s continued service post-merger.
Manulife rebrands its fund management arm in China
The change of name is tailored to its global operations.
America's Gallagher debuts Japan insurance brokerage
The brokerage will support the reinsurance team in Tokyo.
Prudential debuts financial advisory arm
The firm will be managed by industry veteran Bernard Chai.
Asia’s economic loss due to natural catastrophes reached $5.39b: Gallagher Re
This was 7% of the estimated total economic loss of US$77b, globally.
HSBC says split bank would result in ‘erosion of earnings’
The bank responded to the strong statement regarding a break-up plan by Ping An.
Allianz Trade expands excess of loss team in APAC
The company expects businesses to demand more support and protection in 2023.
HSBC’s largest shareholder shares ‘deep concerns’, pushes for break-up
Ping An expressed five points that need to be addressed.
FWD Singapore enhances home insurance offering with cyber fraud protection
More than a third of scams in Singapore involves data stealing and online shopping.
China’s IAMCs can benefit from liberalisation: Cerulli
IAMCs, regardless of foreign ownership, have the ability to provide expertise in investment and research.
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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