insurance
FWD Group extends partnership with Microsoft to boost AI capabilities
FWD Group extends partnership with Microsoft to boost AI capabilities
The insurer will be using Microsoft's Azure OpenAI Service.
Global Atlantic secures $10b deal with Manulife US, Japan
This is the third partnership both entities have done.
HKIA’s annual report shows push for global centre status
The report outlined the authority’s initiatives in the past year, including passing the Insurance (Amendment) Bill 2023.
Allianz APAC’s operating profit catapults in 2023
Both P&C and L&H saw robust growth in their 2023 performance.
Cross-agency steering group revamps website to boost sustainable efforts
The website also now features sustainability-related data, regulations, news, events, training, and internship opportunities.
Seven of 10 shoppers want protection for purchases but prefer low-cost
The survey also showed more trust in social media marketplaces versus the companies selling goods through these platforms.
New Zealand trade union urges income insurance amidst rising redundancies
The CTU President said New Zealand ranks among the countries with the lowest levels of redundancy protection globally.
Fitch affirms Tokio Marine & Nichido Fire Insurance's strength amid challenges
TMNF’s assessment considers TMHD's robust company profile, strong financial performance, and solid capital adequacy
Budget Direct Insurance celebrates seven years
CEO Birch spearheaded the formation of DirectAsia Insurance in collaboration with the Whittington Group.
Great Eastern’s weighted new sales dip, earnings soar in 2023
The total dividend for 2023 amounted to 75 Singaporean cents per ordinary share.
New reinsurance guidelines spotlight Indian insurers' capital management
The IRDAI is actively considering introducing collaterals within the Indian insurance industry.
Australian employers to boost 2024 salaries by 4.0%; insurance sector trails: WTW
Inflationary pressures and concerns over a tight labour market continue to be catalysts.
Zurich Group's BOP jumps 21% YoY, APAC business soars
The APAC business also announced a partnership with India-based Kotak Mahindra Bank.
IRDAI modifies master circular on unclaimed amounts of policyholders
The IRDAI reminded insurers to make better efforts in terms of payment of dues.
S&P Global Ratings forecasts earnings surge to $3.6b in 2024 for Swiss Re
Its life and health reinsurance segment is projected to reach $1.5b in profits.
Regulatory shake-up threatens Vietnam’s bancassurance sales
Bancassurance activities will face stricter management, under the amended Law on Credit Institutions.
AXA XL Reinsurance CEO ‘bullish’ for 2024
The CEO said a shift towards a more balanced relationship between insurers and reinsurers, with a clearer division of labour, in terms of the renewal season.
Commentary
The increasing number of affluent individuals in India and their evolving insurance needs
Rethinking insurance for the masses