insurance
Fitch praises South Korea’s transparent insurance regulations
Fitch praises South Korea’s transparent insurance regulations
The FSC monitors insurers' capital strength.
Asia Pacific composite insurers exceed profitability standards
Their Fitch-calculated financial leverage ratios stay adequate with their ratings.
Carrot granted exclusive behavioural-based insurance use in auto
Since the launch of its BBI product, the accident rate amongst its customers has been at 12%.
HKIA fines AIA International $3.0m for AML lapses
The insurer said conclusions were technical in nature with no findings of money laundering activities or inappropriate onboarding.
Vietnam’s non-life sector attracts robust foreign direct investment
Recent regulations supported the industry’s stable outlook.
Dhipaya Insurance’s solid 2023 earnings supported by investment gains
The insurer has a strong presence in Thailand’s non-life insurance market, said AM Best.
United Overseas Insurance’s focus on Singapore market yields stable earnings
UOI's balance sheet strength is supported by its risk-adjusted capitalisation.
NTUC Enterprise, Income Insurance defend Allianz deal amidst stakeholder concerns
Suee Chieh Tan claimed that NTUC Enterprise raised its stake in the co-operative.
Aviation insurance to soar at a 20-year high in 2024
Collision and crash incidents account for 63% of claims in aviation insurance sector.
Insurtech funding in Q2 2024 highest in five quarters
Global funding bagged $1.27b.
HKIA bans four, fake certificates in agent applications
Three of the individuals presented certificates from a non-existent university in China.
SunCar Technology lengthens partnership with China Continent
Higher service sales from the existing partnership drove this move.
Only a fifth of Asia, Africa’s natural disaster losses insured in H1 2024
Total losses from natural disasters amounted to $40b.
AXA Philippines reveals new CEO, President
His role is effective 1 October.
AIG's Q2 2024 net premium written falls 8%
It accumulated $6.9b during the April to June period.
Chubb Australia to recover gradually after 2022 investment losses
Its reputation is expected to remain strong, S&P Global Ratings said.
Singlife's GROW platform expands with low-fee JPMorgan fund
The share class is designed to help CPF members meet long-term retirement goals.
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The Group was recognised in Papua New Guinea and Fiji for insurance, bancassurance, and partnerships.
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