insurance
HKIA considers smoothing mechanism for insurance commissions structure
HKIA considers smoothing mechanism for insurance commissions structure
It also reported a 99.9% compliance rate with Continuing Professional Development (CPD) requirements.
1 in 5 HK execs rate financial crime compliance programmes effective
Key challenges include a lack of technology and investment.
Sun Hung Kai Properties Insurance keeps strong underwriting profitability
It also outperformed industry peers, AM Best notes.
Fitch expects Marein to sustain prudent investment practices
It held a 14% market share of Indonesia’s total reinsurance premiums end-2024.
HKIA sets 6% illustration rate cap on HKD policies
Caps apply only to internal rate of return used in benefit illustrations at the point of sale.
Myanmar quake shows urgent insurance need in Asia: Howden
Myanmar is considered to have a low insurance penetration rate.
Few Singapore SMEs have cyber insurance
They seek to ward off cyber threats but not through insurance.
BFSI sector leads cyber insurance adoption at 35% to 40% share
This was followed by the technology and IT sector at 30%.
Howden sees January premiums rise 4.5% on higher volumes
Premium growth was driven by increased demand for reinsurance.
Malaysia’s healthcare system faces funding, cost challenges
The report also highlighted the key factors contributing to the escalating healthcare costs.
CTF Life earns SBTi approval for its carbon reduction targets
It targets to reduce absolute Scope 1 and 2 GHG emissions by 37.8% by 2029.
Vietnam’s life insurance sector slated for dip this 2025
This follows consecutive contractions of 12% in 2023 and an estimated 5.7% in 2024
This week in insurance: Singapore's insurance sector sees market growth
The general insurance sector’s gross written premiums climb 6.3% YoY to $8.1b.
Pru Life UK’s NBAPE bags $167m
Total premium income rose to $819.4m.
Kita boosts underwriting capacity with $24m for carbon risks
It expanded its product offerings to include four insurance policies in the past four years.
LIA Singapore appoints Wong as president with new 2025 goals
She succeeds Dennis Tan.
Maybank Ageas core insurance entities expected to remain stable
Fitch notes MAHB’s exposure to Malaysian sovereign investments, but manageable.
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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.
