Olivia Tirona
Allianz SE mulls exit from Bajaj Insurance joint ventures
Allianz SE mulls exit from Bajaj Insurance joint ventures
Bajaj Finserv holds a 74% stake in both joint ventures.
Aussie insurers to slash costs by 30% with tech revama
Insurers’ operating costs have surged—20% for incumbents.
APAC sees rising demand for cyber, EV insurance
Motor insurance remains the largest non-life segment, representing 41% of premiums.
Manulife Asia Q3 2024 net income surges nearly ten-fold
The group bagged a Q3 2024 net income of $1.8b.
Brokers must ensure timely claim notification: Clyde & Co.
Some policies allow, but don’t mandate, policyholders to notify any potential claims.
China Taiping Insurance sees robust capitalisation with TPG financial support
It is anticipated that CTPIS will build its life insurance segment over the medium term.
Construction Guarantee faces profit pressure amidst prolonged construction downturn
A notable rise in guarantee claims payments and reserves is expected to keep claims levels elevated.
K-pop craze may spur demand for Income Insurance’s hourly travel cover
The Singaporean insurer is targeting spontaneous travellers who love concerts.
Miller names new chief information officer
He has over 30 years of experience in IT.
Pru Life UK introduces Philippines' first Takaful insurance
It collaborated with Takaful-experienced affiliates in Malaysia and Indonesia.
Great Eastern’s 9M 2024 earnings jump 39% YoY
Total weighted new sales and new business embedded value rose 19% YoY.\
Prudential’s APE sales up 7% to $5b for 9M 2024
Bancassurance sales were up 21% year-to-date.
FWD Group's new business value rises 6% to $623m in 9M 2024
New business sales rose to $1.4b.
Generative AI slashes P&C claim times by 50% – Bain & Co.
It could also decrease loss-adjusting costs by 20% to 25%.
Six in 10 in HK without critical illness insurance
Yet, only 67% would take concrete actions.
Aon Underwriting Managers names new chief officer
His career includes 12 years with Liberty Specialty Markets.
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1. Manulife SG unveils indexed universal life solution for wealth preservation 2. What will drive the reinsurance sector to bag $68b in four years? 3. Hong Kong’s insurance premiums reach $83b in 2024 4. Manulife Hong Kong launches two critical illness products with income aid 5. Manulife dares startups to tackle Asia’s age imbalanceResource Center
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Awards
Jul
08
Event News
Hewison highlights how insurers must balance innovation with trust, compliance, and societal impact to remain resilient and relevant in an increasingly complex landscape.
Commentary
The increasing number of affluent individuals in India and their evolving insurance needs