insurance
PSC Insurance Brokers acquires Eastern Prudential
Eastern Prudential will move to the Sydney branch.
PSC Insurance Brokers acquires Eastern Prudential
Eastern Prudential will move to the Sydney branch.
Economy to drive Sri Lankan insurance market, says central bank
In 2023, the sector contributed 0.8% to GDP, penetration rates remaining below 2%.
Manulife offers one of highest welcome bonuses for investment-linked plan
The plan offers 60% of the annual premium
High interest rates threaten Korean insurers' profitability
The profitability of Korean non-life generally falls below the ratio guidelines.
A complement, not replacement: Understanding parametric insurance
With rising disasters and cyber-attacks, parametric insurance offers an alternative to traditional indemnity-based coverage.
Crawford’s new model streamlines claims across Asia for Japanese insurers
It aims to adapt to the Japanese business culture, customs and etiquette.
VINARE bags $14.27m pre-tax profit in H1 2024
It targets to reach pre-tax profit of $20.2m by yearend.
Life Insurance Corporation of India eyes ~3% growth in new business margin
It also announced plans to acquire a majority stake in standalone health insurance.
Hannover Re’s net income climbs 21% YoY in H1 2024
Earnings per share stood at $10.59.
Nearly half of Hong Kong workers report mental strain, desire to leave
41% are planning to work from home to avoid workplace interactions.
Fukoku Life's solvency ratio expected to reach 300%
Positive investment spread will continue to widen over the next 3-5 years.
Hollard Australia’s capital remains solid until 2026
It will also benefit from its acquisition of Commonwealth Insurance.
Japan's top insurers see mixed Q1 results amidst NatCat impacts
Jefferies warns to watch for potential natural catastrophes in Q2 2024.
Meritz Fire & Marine Insurance eyes MG Non-Life Insurance
Three entities are now bidding to acquire the non-life insurer.
Why AmMetLife CEO relies on digital to boost customer experience
The CEO coined four Cs to enhance customer experience.
Chubb makes chief appointments in finance team
Their roles are effective 4 September.
Sun Life Asia's Q2 2024 net income surges 24% YoY
The group’s EPS stood at $1.11.
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1. bolttech secures $50m venture debt from HSBC, expands market 2. Life insurance premiums forecast to grow by 3% yearly until 2026 3. Prudential launches AI lab in Singapore 4. Asia leads in embedded insurance, set to reach $170b by 2030 5. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of AmericaResource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
