insurance
China insurers to invest $14b in equities by 2025
China insurers to invest $14b in equities by 2025
If based on 2024 data estimated total fund allocation could reach $57b.
This week in insurance: Philippine deposit insurance rises, ICA calls for flood defence fund, solar storms to bring trillion-dollar loss
Vietnam also aims to amend the law on deposit insurance.
Singapore moms juggle family tasks and money matters
Their finances have improved relative to when their mothers were their age.
Manulife’s AI-investments to deliver threefold ROI by 2027
The company realised over $600m in benefits in digitalisation efforts last year.
Microinsurance expands to cover 344m globally in 2024
The Philippines was amongst the top countries with a high penetration rate.
NorthStandard reels in new head of Sustainability
She joins from Fintel plc.
Miller forms new M&A, strategic solutions team
They will operate within Miller’s Professional & Financial Risks business.
ICICI Lombard General’s capitalisation steady in the medium term
The company is expected to enhance its underwriting risk selection.
FMG Insurance Limited's pricing strategy to boost stable operations
However, its financial flexibility is limited.
Liberty Mutual's net income hits $4.4b in FY 2024
For the year, revenue increased by 1.6% YoY to $50.2b.
Smartpay, Chubb launch embedded insurance in Japan
Cashless payments account for 50% of consumer monthly spending in Japan.
New Zealand life insurance registers 2%-5% average growth
Claims accepted are at their highest level since 2020
Vietnam proposes updates to deposit insurance law
It aims to strengthen the role of the Deposit Insurance of Vietnam.
Australia’s P&C could face $1.3b insured losses from Cyclone Alfred
The cyclone is forecast to make landfall on 7 March.
PAObank secures insurance agency licence
It also inked a deal with China Ping An Insurance and FWD Hong Kong.
Philippine HMO industry net income soars 123% in FY 2024
The sector posted a net income of $16.7m.
AXA XL Insurance unveils new Asia CEO
She succeeds Gilles Fromageot.
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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.
