insurance

Philippines set to increase deposit insurance in 2025

The PDIC’s current maximum insurance coverage amount is at $8,522.32.

MPM Insurance’s profits stable, bolstered by investment yields

The company's GPW grew by 23% in the first nine months of 2024.

Min Xin Insurance seen to maintain strong capitalisation

It’s balance sheet strength is supported by its risk-adjusted capitalisation.

Nissay set for growth with $8.2b acquisition: AM Best

Nissay plans to integrate MLC with Resolution Life Australia after the deal.

Taiwan raises labour insurance premium to 12.5%

The current rate stands at 12% of the insured party's monthly salary. 

Markel reels in new executive to boost APAC operations

He previously worked at Zurich Insurance in London and Singapore.

Prudential unveils new chief economist

They hold over 30 years of industry experience.

Pru Life UK opens new BGC headquarters in Manila

The insurer’s total workspace in the country is now at 100,000 sq ft.

AIA expansion may temper capital buffer strength

It’s interest rate fluctuations may introduce volatility to its capitalisation. 

Income Insurance to maintain strong market position: S&P

However, upcoming accounting changes and business expansion may pose risks.

Insurers brace for volatile earnings in 2025

Reinsurance demand during the renewals was fueled by volatile loss experiences.

Talanx to conclude partnership with Meiji Yasuda Life by 2025

Talanx can acquire Meiji Yasuda’s shares in two Polish subsidiaries.

Etiqa, Maybank launch Singapore's first Takaful in 10 years

The plan combines ethical investment options with flexible wealth accumulation.

OCBC Hong Kong sells 33% stake in Hong Kong Life

Yue Xiu Enterprises (Holdings) bought the stake from the bank.

Cathay Life boosts 9M 2024 net profit to $2.06b

The value of new business (VNB) increased 20% to $740m.