Insurance
Chubb and JA Assure launches cyber insurance platform for SMEs
                                                                                 
                    
                    
  The platform is currently available in Hong Kong, Malaysia, and Singapore.
                
                                
            Chubb and JA Assure launches cyber insurance platform for SMEs
                                                                                                                 
                            
                            
  The platform is currently available in Hong Kong, Malaysia, and Singapore.
                        
                                                
                        
    
                    India extends ‘Use and File’ system
                                                                                                 
                        
                        
  This allows insurers to market products whilst waiting for regulator approval.
                    
                                        
                    
                Monument Re acquires Zurich Singapore’s life business
                                                                                                 
                        
                        
  Employees will be retained by the insurer.
                    
                                        
                    
                India general insurance industry doubles growth rate in 2022
                                                                                                 
                        
                        
  From 5% in 2021, it is forecasted to grow by 10.2% by end 2022.
                    
                                        
                    
                AXA offers free travel insurance for customers in Hong Kong
                                                                                                 
                        
                        
  The insurance is free for customers in quarantine after returning home.
                    
                                        
                    
                Great Eastern sets new target for net zero goal by 2025
                                                                                                 
                        
                        
  The insurer recently released its 2021 sustainability report.
                    
                                        
                    
                South Korea insurance industry profits fell by 21% in Q1
                                                                                                 
                        
                        
  Net profits for all 53 major insurers totaled $2.45b.
                    
                                        
                    
                FWD delays $1b IPO
                                                                                                 
                        
                        
  A volatile market was the reason for the delay.
                    
                                        
                    
                Taiwan insurance industry suffers double digit drops in April
                                                                                                 
                        
                        
  Life insurance enterprise fell by 13.9% whilst decreased by 16.5%.
                    
                                        
                    
                How did Hong Kong’s insurance industry fare in its first quarter?
                                                                                                 
                        
                        
  The industry showed only flat growth across both long-term and general business.
                    
                                        
                    
                China Life Indonesia arm signs sales partnership with ZA Tech
                                                                                                 
                        
                        
  This paves the way for the launch of the insurers endowment cover.
                    
                                        
                    
                LIC net profits surges by 39.4% in full-year 2021
                                                                                                 
                        
                        
  This is despite a fall of 18% in profits in the fourth quarter.
                    
                                        
                    
                China regulator green lit AIA China's new branch
                                                                                                 
                        
                        
  The insurer will establish a new branch in Henan.
                    
                                        
                    
                Hong Kong insurance regulator faces staff shortage: report
                                                                                                 
                        
                        
  The regulator said it is understaffed by around 10%.
                    
                                        
                    
                nib postpones increasing health insurance premiums for Australians
                                                                                                 
                        
                        
  The insurer will postpone the increase until 1 November.
                    
                                        
                    
                Pru Life UK launches 4-in-1 critical illness cover in the Philippines
                                                                                                 
                        
                        
  Four family members can share one critical illness policy.
                    
                                        
                    
                Indonesia insures more than 2,000 gov’t buildings
                                                                                                 
                        
                        
  This is part of the government’s pilot program on disaster risk reduction.