insurance
Chubb’s net income rises 2.7% to $9.27b in FY 2024
Chubb’s net income rises 2.7% to $9.27b in FY 2024
The APAC unit saw a 22.2% surge in P&C insurance.
Dai-ichi Life to cut equity risk by over 50% by 2030: Fitch Ratings
Its financial leverage is also seen to remain below 23%.
RSM posts $1.1b revenue in APAC for FY 2024
Revenue from developed Asian economies saw a 9% YoY increase.
Japanese insurers see profit surge in H1 2024, investment gains
The outlook for fiscal 2024 remains positive, said CreditSights.
Great Eastern, AmMetLife cancel acquisition plan
The plan was initially signed in 2023.
FDI cap for Indian insurers rise to 100%: Finance minister
The increased limit will apply only to companies that invest the entire premium within India.
Aon reports 45% earnings boost in Q4 2024
Basic earnings per share (EPS) during the quarter was $3.31.
Insurance sector to aid in New Zealand climate policy development
The CE said a large portion of NZ-ers live in high-risk areas.
Marsh McLennan bags $4.1b for FY 2024
It’s full-year revenue increased by 8% YoY to $24.5b.
South Korea's insurance industry to hit $191.2b by 2029
This year, the industry is expected to grow by 2.2%.
Southsure Assurance profitability tied to revenue control: Fitch Ratings
Limited presence and exposure to possible regulatory intervention challenge its profile.
Travel credit insurance CAGR to exceed 10% through 2032
The region was noted as an emerging market in this industry.
AIA’s value of new business slated for 23% growth for Q4 2024
But challenges in Malaysia and Thailand could weigh on performance.
Insurance Development Forum appoints new chair of operating committee
He succeeds Rowan Douglas, CEO of Climate Risk & Resilience at Howden.
Hong Kong’s job-hopping insurance workers may see bigger pay
They should expect a salary hike of as much as 15%.
Insurance business analysts rank 4th in Hong Kong jobs
Nearly half of organisations faced moderate to extreme skill shortages.
IAIS sets 2025 to 2026 goals with four core objectives
Post-adoption of ICS in late 2024, the IAS is shifting to implementation.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
