insurance
Fidelity Life Assurance’s outlook remains stable, boosted by capital
Fidelity Life Assurance’s outlook remains stable, boosted by capital
AM Best expects the company to maintain adequate operating performance.
bolttech appoints new non-executive director
She brings over a decade of experience in private equity and technology investments.
Kyobo Life’s stable outlook holds despite mounting liabilities: Fitch Ratings
Fitch also expects Kyobo Life's capital adequacy to recover.
Nippon Life’s net income surges 63% YoY in 9M 2024
Ordinary expenses narrowed to $3.2b.
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.
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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.
