insurance
This week in insurance: Sri Lanka coverage push after cyclone, India backs maritime pool, insurtech deals
This week in insurance: Sri Lanka coverage push after cyclone, India backs maritime pool, insurtech deals
Big Singapore firms also said they have higher exposure to insurance and security-related costs.
Allianz forms 50:50 insurance joint venture with Jio Financial
The venture will offer general and health protection products after regulatory clearance.
Chubb net income surges 74.3% in Q1 2026
Gross premiums written climbed to $16.6b as overseas units added momentum.
PNB MetLife pushes guaranteed income plan with fixed payouts
Optional riders for accidental death and serious illness come at additional cost.
Allianz Partners reshuffles board to drive travel growth
Phil Hoffman takes the travel post from 15 April pending regulatory clearance.
Large Singapore firms face higher insurance cost exposure
42% report heavier security-related expense pressure amidst the Middle East conflict.
4 in 5 Filipino women say caregiving role halts financial security building
Just 27% say they have enough means to support themselves beyond age 90.
Rising climate losses test China’s insurance safety net
Profitable insurers face limits in passing disaster risk despite market scale.
MS Amlin rolls out sub-syndicate as it targets growth push
Risks written will consolidate into the existing Lloyd’s structure.
Swiss Re names Anna Ziswiler as country President for five markets
She will be based in Singapore.
Allianz Malaysia expands EV charging as range gaps persist
The service now reaches Penang Kuantan and Johor Bahru in 2026.
India’s regulator mandates Ind AS transition for insurers
Companies must still submit updated financial data even if relief is granted.
bolttech appoints Kohei Watanabe to run Japan business
The Tokyo-based executive will oversee domestic and international operations.
Cambodian insurers post 3% premium drop in December
Total policies jumped 47% to 477,228 even as revenue weakened.
Why rural India is driving 43% of premiums as urban dominance slips
Districts with over 70% rural population contributed up to 24%.
India builds $1.4b maritime insurance pool to cut foreign reliance
The scheme will cover hull cargo liability and war risks for Indian linked vessels.
High insurance costs limit Arctic shipping to niche cargo
Routes can cut sailing distance by up to 40% between Asia and Europe or North America.
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