insurance
South Korea’s insurers bag $7b in earnings for H1 2024
This was equivalent to a 2.8% YoY rise.
Asian insurers shift to private credit amidst new RBC rule
APAC insurers allocate an average of 6.4% of their portfolios to illiquid credit.
Zhong An’s H1 2024 earnings fall 24.5% YoY
Its EPS stood at RMB1.11 cents.
Asia Pacific drives 54% of bancassurance market growth
The market is seen to expand by 6.74% this year.
Cambodia's gross premiums surge 16.9% YoY in July
The life insurance market’s contraction was offset by its general insurance.
Taiwan’s investment-linked insurance products dwindle in June
Sales of traditional products increased 19% YoY.
Taiwan insurers' earnings doubled to $10b in July
Both its life and non-life segments witnessed triple-digit growth.
Insurers burdened by managing investments, seeks third-party aid
Life insurers outsource less frequently than P&C or health insurers.
Life/annuity reinsurers see improved conditions amidst higher rates
L/A reinsurers remain well-capitalised until 2025.
Sunshine Insurance H1 2024 net profit rises 8.3% YoY
EPS stood at $0.04.
APRA sets four-year plan for financial sector stability
APRA will collaborate to address the protection gap in household insurance.
Prudential’s H1 2024 IFRS profit declines YoY
It dwindled 80.8% to $182m.
Japanese life insurers poised for earnings growth
Though other insurers have weaker profiles due to smaller operations, business diversification
China expands medical insurance to over 72% of village clinics
It aims to cover 100% of rural villages by the end of 2024.
Korea P&I Club's conservative investments support stability
KP&I has implemented general premium increases.
AIA Vietnam’s profit dwindles in H1 2024
Revenues from insurance activities fell by 10.4%.
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