insurance
AIA Singapore reports 15% rise in VONB for FY 2024
AIA Singapore reports 15% rise in VONB for FY 2024
Annualised New Premium also rose by 52% YoY.
Vietnam city exceeds 2024 targets with 95.25% coverage
Hanoi saw 8,169,748 individuals covered with health insurance last year.
Australia records surge in claims, cyclone recovery drags
To expedite the claims process, insurers have deployed additional claims consultants.
Indians face higher premiums on spiralling healthcare costs
Hospital expenses keep rising due to inflation and demand for sophisticated treatments.
This week in insurance: Malaysia offers premium freeze, M&A falls 25%, Manulife extends medical partnership
Cyber liability coverage is primarily targeting small-to-midsize enterprises.
AIA’s sees profit surge of 81.2% YoY in FY 2024
EPS stood at $0.62.
MSIG USA expands political risk insurance with Asia partnership
This combines MSIG USA’s underwriting expertise with regional market knowledge.
Prudential makes leadership appointments in Hong Kong
A chief risk officer and general counsel were appointed.
HL Assurance introduces faster flight delay payouts for travelers
The company is the first insurer in Singapore to offer this combination.
Swiss Re board proposes 8% dividend increase
It will mount to $7.35 per share.
Pru Life UK records P10b in new business annual premium equivalent
Premium income from variable life insurance generated $810m.
Rising costs push 1 in 4 Australians risk voiding insurance
Neglecting routine maintenance could lead to consequences at the event of a claim.
Huatai P&C profitability improves as claims experience stabilises
Fitch expects the synergy between Chubb and Huatai P&C to strengthen over time.
Cyber insurers focus on SMEs as policies cover firms under $10m
SMEs account for more than 80% of all cyber policies.
4 in 5 insurers plan to increase AI investment over next year
36% of respondents are also prioritising efforts to build trust.
Ping An remains world’s top insurance brand at $34b: Brand Finance
India’s Life Insurance Corporation’s brand value rose by 36%.
Arthur J. Gallagher & Co. acquires Philinsure
Gordon Joseph and his team will continue to lead operations.
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1. LIA Singapore appoints Wong as president with new 2025 goals 2. Australian firms expect financial crime surge in 2025 3. Singapore launches online tool for health insurance planning 4. Prudential Singapore launches Wealth Suite for high net worth clients 5. Vietnam’s life insurance sector slated for dip this 2025Resource Center
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