General insurance
Long-term insurance drives Samsung Fire & Marine’s 2023 profit growth
Long-term insurance drives Samsung Fire & Marine’s 2023 profit growth
Revenues climbed 6.9% for the year.
Chubb launches new occupational hazard insurance in Hong Kong
The insurer is also launching a new employee insurance benefit product for SMEs.
India extends ‘Use and File’ system
This allows insurers to market products whilst waiting for regulator approval.
Japanese general insurers shift focus to property and specialty lines
Motor insurance premium decline triggered this shift.
Growth continues for China's insurance market
The country came second behind the US in terms of total premium volume in 2020.
Malaysian central bank pushes upgrades to insurer, takaful capital framework
These upgrades ensure that the framework remains effective amidst shifting market conditions.
India's Digit Insurance secures $200m in latest funding round
The investment will result in a 5% dilution of the firm's equity.
Thai general insurance GWPs to hit $10.6b in 2025: report
Growth is expected to recover from 2022 onwards and will witness an upward trend.
Major South Korean insurers to stop underwriting new coal projects
The confirmation follows pressure from a network of civic groups.
AXA sells Malaysian insurance assets to Generali
The deals will turn Generali into Malaysia's second biggest P&C player.
CBA sells general insurance arm to Hollard Group
The two firms have struck a 15-year distribution deal for home and motor vehicle insurance.
Better credit quality ahead for South Korean insurers in 2021
Life insurers saw better profits in 2020, whilst non-lifers saw improved loss ratio.
Thailand's Bangkok Insurance going strong despite looming pressures
Its balance sheet is supported by strong risk-adjusted capitalisation.
India issues indemnity guidelines for insurance intermediaries
Policies issued will cover damages resulting from breaches of duty.
South Korea's Kakao clinches initial nod for digital non-life licence
The company will be granted full approval within six months once prerequisites are met.
Hong Kong insurers' reskilling efforts focus on data: report
The training market is adjusting through rehashing their portfolios.
Indian non-lifers post strong growth in May despite pandemic
Premium growth was driven by the low base effect plus growth in the health segment.
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1. LIA Singapore appoints Wong as president with new 2025 goals 2. Vietnam’s life insurance sector slated for dip this 2025 3. BFSI sector leads cyber insurance adoption at 35% to 40% share 4. Malaysia’s healthcare system faces funding, cost challenges 5. Insurance maintains consumer trust amidst global digital decline: ThalesResource Center
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