insurance
Guy Carpenter estimates CrowdStrike outage loss ~$1b
Guy Carpenter estimates CrowdStrike outage loss ~$1b
A malicious attack on a widely used operating system could birth $2b in losses.
Manulife Asia’s profit quadruples, Hong Kong segment doubles core earnings
The group’s NBV margin improved by 3.4 percentage points.
Global insured NatCat losses hit $60b in H1 2024
The US alone experienced 12 severe storms in H1.
No lifetime cap on Bupa’s latest medical insurance plans
It has annual benefit limits ranging from HK$5m to HK$10m.
RLA sustains low financial leverage, aided by Aus-NZ operations
RLA's underlying earnings remained profitable.
China P&I's investment in CMBC dominates asset portfolio
The past five years saw an average return on equity of 5.3%.
China encourages continuous medical insurance participation
Policyholders of 4-straight years are eligible for an annual increase of ~$140.
Vietnam's digital push aids 70% of social insurance payouts
VSS also achieved non-cash payments for 3.4m beneficiaries.
Tokio Marine's Q1 2024 net income surges 55.3% YoY
Its international business reported the largest gains.
TATA AIG stresses political risk insurance needs
Rising costs hit Indian exporters amid global crises
Hyundai Insurance China faces capital challenges amidst expansion
HIC is diversifying into personal lines, focusing on ride-hailing drivers and motor insurance.
How are insurers affected by China’s real estate market decline?
Regional carriers have about 8% of their portfolios in global commercial real estate.
Top APAC insurers see market cap growth of Q2 2024
China Life Insurance led with a 9% growth during the period.
China United Property Insurance’s bond issuance to ease capital pressure
It could raise the financial leverage ratio to ~30%.
Prudential names new regional CEO for China
Angel Ng has more than two decades of experience in the financial services industry.
Great Eastern Life sees mixed Q2 performance in Singapore, Malaysia
Its performance offers insights for competitors like Prudential and AIA.
AXA sells investment arm to BNP Paribas for $6b
The sale is expected to drag AXA’s earnings by $440m.
Commentary
Why expanding embedded insurance is Asian telcos’ next differentiator