Insurance
Sun Life HK launches new participating insurance plan
Vital offers whole-life protection and potential long-term wealth growth.
Sun Life HK launches new participating insurance plan
Vital offers whole-life protection and potential long-term wealth growth.
AXA XL names chief underwriting officer for APAC, Europe
Marine Ress will be responsible for underwriting strategy for general liability, motor, and environmental insurance.
US firm Arthur J. Gallagher acquires Mumbai broker Edelweiss
The deal is still subject to regulatory approval.
China to hike subsidies for agricultural insurance premiums
Subsidies will be provided to crop-growing farmers who buy full-cost insurance or income insurance.
Westpac sells NZ life insurance unit to Fidelity Life
Westpac Life NZ and Fidelity Life will also enter into a 15-year distribution agreement.
Australia's Suncorp renews reinsurance programme for FY2022
The FY2022 reinsurance tower will grant Suncorp with $4.9b (A$6.5b) of protection.
Taiwan's COVID measures bring remote meeting, broker amendments to insurance market
Although temporary, the remote meeting measures may be adopted as a general practice.
Allianz Malaysia CEO calls for unity vs motor claims fraud
Motor claims fraud costs the industry $240.5m (MYR1b) per year, he said.
Changes to India's LIC Act takes effect
This is seen as a major step towards LIC's proposed IPO.
AIA Hong Kong, Bank of East Asia launch bancassurance partnership
They launched seven products that provide comprehensive life, critical illness, savings, and retirement protection.
AIA Vietnam, e-commerce platform Tiki announce partnership
Tiki customers will have access to life and health plans through the platform.
Malaysian central bank pushes upgrades to insurer, takaful capital framework
These upgrades ensure that the framework remains effective amidst shifting market conditions.
Australian property reinsurance saw neat mid-year renewals: report
The property segment experienced pressures on pricing, particularly on loss-affected layers.
South Korea to decide on Samsung daughters' life insurance shareholder eligibility
The regulator is expected to rule in their favour, sources revealed.
Only 15% of Singaporeans have adequate critical illness coverage
The Life Insurance Association recommends critical illness coverage 3.9 times the annual income.
India's Digit Insurance secures $200m in latest funding round
The investment will result in a 5% dilution of the firm's equity.
Insurtech bolttech completes $180m series A funding, hits unicorn status
The investment will accelerate continued growth and its plans to consolidate its position in the United States.
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