insurance
HDI Global SE to buy 7 million more Vietnamese insurer’s shares
HDI Global SE to buy 7 million more Vietnamese insurer’s shares
In 2021, the IFC and its funds acquired a 6.29% stake in PVI from HDI.
Bangkok Insurance maintains a stable outlook through 2026
It is also expected to maintain a combined ratio of 85% to 90%.
Prudential braces for significant H1 2024 market headwinds
The group expects a 32.1% margin.
India’s life insurance industry sees 20.2% YoY APE growth in June
CareEdge foresees medium-term outlook to remain positive.
Tokio Marine reports potential data leak of 63,200 policyholders
It affected three other companies.
China absorbs $13b loss in natural disasters in H1 2024
The government has allocated $570m for disaster management this year.
AIA teams with BlackRock, BNY for scalable investment ecosystem
It will use BlackRock’s Aladdin technology with BNY’s data management.
Health insurance essential, but too much can rack up prices: MOH
With rising claims, insurers are barely profiting from health insurance.
Great Eastern halts trading of its shares in SGX
This follows OCBC's increased shareholding in the insurer.
1 in 5 Australians switch home insurance to save costs
Alarmingly, 3% downgraded or dropped their policy completely.
AIA S’pore taps new tech lead
Afees Ashroff has more than two decades of experience in banking and insurance.
FWD Group maintains MDRT top 10 streak
FWD Group now has 2,089 MDRT members.
Ant Insurance’s partners see $1.93b in claims
On a year-on-year basis, this was up 30%.
Insurance agent barred for misappropriating funds
He allowed premiums totalling $4,623 to be deposited into his bank.
Sompo appoints new consumer lines leader for APAC
He has an 18-year experience in the industry.
Steadfast Group bags 17th spot in AM Best’s list
The broker was first of three newcomers in the ranking.
APAC leads in automotive usage-based insurance market growth
The global market, valued at $58b in 2023, is set to expand to $249b by 2032.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work