insurance
China’s pension system reels 60 million new individuals
Presently, 762 products are offered in the new pension system.
Mitsui Sumitomo Insurance boasts strong capital base: AM Best
Thanks to its resilient capital base and strategic equity disposal plans.
bolttech maintains a low investment risk profile: Fitch Ratings
Its local solvency ratio was 509% at the end of 2023.
Japanese life insurers to maintain strong credit in FY2025
Fitch Ratings expects insurers' capital adequacy to stay adequate.
German supermarket chain dips toes in Australia’s insurance market
It will offer car and home insurance.
8 in 10 Asians cite healthcare costs as top concern
Yet, 39% said they prioritise physical well-being more than finances.
FWD Group revives Hong Kong IPO plans: Report
The insurer could aim for a valuation of up to $9b in an IPO.
SEADRIF selects Gallagher Re as broker
Gallagher Re will provide SEADRIF products and business advise.
Chubb acquires Australian aviation insurer
The insurer hopes to broaden its reach in the aviation industry.
Life insurance reaches new high in Hong Kong
This marked a 57% year-on-year in annualised new premiums.
Tk.cn Insurance to sustain growth with Taikang backing
The insurer reported three consecutive years of positive net operating profits.
Sompo taps new chief investment officer
Thomas Leone will be coming from PartnerRe.
Insurers to expedite claims, IRDAI mandates senior liaisons
Insurers are advised to publicise contact details of liasons for better assistance.
Chubb synergises with three other Korean firms: Report
Chubb's general insurance subsidiary announced it will rename its brand.
Insurers shell out $20b to implement IFRS 17
Yet, firms report no significant impact came from the new standard.
Singlife cuts costs by $4m yearly with AWS integration
At least 70% of its staff earned at least one AWS certification.
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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.
