insurance
AIA Hong Kong unveils life plan for HNWIs with 5.05% internal return rate
AIA Hong Kong unveils life plan for HNWIs with 5.05% internal return rate
Policyholders also gain access to AIA Club Alta.
Sun Life Malaysia reels in Teck Seng as new CEO, Lew retires
Teck Seng brings over 30 years of experience in the insurance industry.
Fubon Financial earnings backed by strong life and bank units
Fubon Life is Taiwan’s second-largest life insurer by premiums.
1 in 2 Singaporeans say communication is excellent amongst insurers
89% said communication is important to their overall customer experience.
Australian families avoid private hospital insurance use over high gap fees
17% of couples and 15% of singles reported doing the same.
Chinese insurers eye $126b reallocation after rule changes
The government raised equity investment limits to 30% to 50%.
Ping An Life and P&C seen maintaining stable capital, profits
A planned $2.79b capital injection from Ping An will further support its capital base.
Sompo Hong Kong CEO Li Sheung Kin to retire in 2025
Alasdair Walker will succeed Li as CEO.
GCash issues 51.4m insurance policies since 2021
The company currently offers 48 insurance products.
Sun Life Philippines names new President
He has more than two decades of experience.
Taiwan may add Alzheimer’s drug Kisunla to National Health Insurance by 2025
Kisunla is currently undergoing a health technology assessment.
APAC leads in travel insurance growth with 22.1% CAGR
Globally, the market’s premiums are slated for $107b.
Fitch expects Hanwha Life to sustain earnings strength
This was supported by a strong contractual service margin.
Japan drives Asia’s home insurance growth with rising demand
Globally, the market could bag $254.63b.
APAC to lead global reinsurance growth through 2031
The global market is expected to register a CAGR of 10.8%.
Asian Re grows profit with disciplined underwriting in 2024
AM Best expects performance to be supported by underwriting and investment income.
AIA injects $277m into China Post Life for market growth
AIA retains its 24.99% stake in China Post Life.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
