insurance
BOCG Insurance's liquidity sufficient for liabilities: AM Best
BOCG Insurance's liquidity sufficient for liabilities: AM Best
The company’s 2023 capital and surplus was driven by underwriting and investment income.
Marsh McLennan bags $3.5b in Q3 Revenue for insurance
EPS rose 3% to $1.51.
Indonesian insurers told to walk the talk on tech: AXA CEO
The industry must tap digital distribution channels to unlock growth, according to AXA.
Zurich’s P&C segment in Asia grows 4% YoY in 9M 2024
The Life insurance segment saw its new business premiums increase by 6%.
RBC rules may shift Hong Kong insurers to bonds: Aviva Investors
Singapore’s asset growth in 2019 and 2022 could spark promise for Hong Kong.
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.
China greenlights BNP Paribas, Prudential insurance firms
China’s fast assets growth last year attracted both parties.
Aon to support Asia’s low-carbon investments with AIGCC
Aon aims to develop market-based climate solutions.
Manulife Asia Q3 2024 net income surges nearly ten-fold
The group bagged a Q3 2024 net income of $1.8b.
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.
Pru Life UK introduces Philippines' first Takaful insurance
It collaborated with Takaful-experienced affiliates in Malaysia and Indonesia.
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.
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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.
