Insurance
Great Eastern profits surge 11% to $365.5m for H1 2022
Shareholder profits, however, declined 25%.
Asia commercial insurance pricing increases sluggish in Q2
Pricing increased just 3% for the region, the same as last year.
Taiwan insurers cough up over $1b in COVID-19 claims
Some insurers took to selling properties to increase cash reserves.
Redefining insurance over the next decade
Insurance providers must lay the transformation groundwork for innovation now.
The cost of insurance in a digital world
As more businesses grow their presence online, cyber insurance is slowly gaining traction.
Singaporean woman faces jail time for fake travel insurance claims
Her fraudulent insurance claims amounted to more than $10k.
Nat cat will to hurt Australian property insurers profit margin: analyst
Increasing claims have pushed property insurers' loss ratio to 84.6%.
Sun Life launches program to build “multi-generational” advisory force
Under the Agency Legacy program, advisors are encouraged to recruit members of their family.
Positive experience boosts Hong Kong’s retirement mastery index score
The city’s score went up from 4.8 to 61.1 in the Sun Life Retirement Mastery Index.
Taiwan general insurance industry pre-tax profits plummet by 484.4% in June
The life insurance industry's pre-tax profit drop however slowed down to 17.3%.
Thai insurance marketplace Rabbit Care completes Series C funding round
The round was led by investment fund Winter Capital.
Malaysia passes bill for insurance cover for housewives
Three million housewives would benefit from the cover.
Manulife rolls out upgrades for Cashless Day Surgery eService
Categories for surgeries covered are increased to 70.
Japanese insurers sells heatstroke insurance
Brutal heatwave saw more than 14,000 treated for heatstroke by end June.
Policybazaar IT system suffers breach
However, the firm said that no significant customer data was exposed.
Thailand’s life and health insurance industry to surge to $36.1b in 2026
The industry is growing at a CAGR 4.7%.
Indian insurers profited nearly $5b in government crop insurance scheme
The scheme was launched in 2016.
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Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
