Life insurance
Chubb Life opens Hong Kong wealth hub for high-net-worth clients
Chubb Life opens Hong Kong wealth hub for high-net-worth clients
Chinese visitors alone spent $8b on life, critical illness, and medical policies in 2024.
South Korean insurers Q1 2025 net income contracts 15.8% YoY
Both its life and general insurance sectors recorded declines.
Japanese life insurers pursue overseas deals as domestic growth slows
Insurers are expected to keep issuing hybrid capital to preserve credit quality.
Singlife offers funeral coverage of up to $9,000 via app
Funeral expenses in the Philippines often exceed $3,600.
India life insurers post steady May growth despite policy volume drop
Annual Premium Equivalent by 14.4%.
Dai-ichi Life, Capgemini set up tech centre to support global IT
Dai-ichi Life aims to eventually bring operations in-house.
Generali Hong Kong bets on short-pay model in competitive life market
The plan is designed to support both wealth accumulation and legacy planning.
Kyobo Life outlook stays stable with solid capital and profitability
Moody’s expects profitability to remain stable over the next 12 to 18 months.
APRA, ASIC flag early gains in life insurance disclosure reforms
Efforts to reduce premium volatility through product design remain in early stages.
Japanese life insurers increase US exposure for stable returns
Fitch expects the share of overseas business from North America to grow steadily.
Pinnacle Life gains stable outlook on strong capital position
Operating performance is forecast to remain adequate.
Asia’s insurance markets grow in 2024 on life, health gains
China led Asia’s life insurance recovery.
Insular Life posts 1.1% rise in FY 2024 net income
New Business Premiums surged by 20.0% YoY.
Taiwan life insurers stable for now as Fitch sees capital strength
The appreciation of the NT$ is also driving up currency hedging costs.
BOC Life maintains solid capital as profitability stays steady
The insurer remains majority-owned by BOC Hong Kong.
Australians average two hospital insurance claims a year
21% rated hospital cover as their most essential form of insurance.
Taiwan’s life insurers post $2.22b in foreign policy sales
Investment-linked insurance products generated $311m.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
