Insurance
Sun Life posts growth in Q4’23, Asia’s individual sales driven by Hong Kong market
Regional office expenses and other factors resulted in a net loss of $12m.
Sun Life posts growth in Q4’23, Asia’s individual sales driven by Hong Kong market
Regional office expenses and other factors resulted in a net loss of $12m.
bolttech unveils travel insurance through FWD
Cancellations for any reason is covered by the plan.
Vietnam targets insurance evasion, partners with prosecution authorities
Social security offices have assessed damages caused by violations and calculated unpaid insurance premiums.
APRA issues supervision and policy priorities for 1H’24
There will be a focus on balancing financial sustainability with affordability and availability in the insurance sector
To lead and to lag: APAC insurance’s conflicted AI journey in 2024
Whilst AI investments reached 23.93% of the total market, 41% of firms in Asia Pacific cling to outdated tech, hindering efficiency and scalability.
Resolution Re enters first flow reinsurance collaboration with Japanese insurer
It aims to increase capacity and better product competitiveness.
WTW reels in Royston Tan for head of health and benefits, APAC
Tan has 25 years worth of experience with employee benefits and life insurance operations.
Hexian Insurance Brokers joins Approved Supplier List
The insurer will be able to offer medical, accidental injury, and critical illness coverage for corporate employees.
Howden’s FY’23 revenue jumps, total acquisitions at 56
EBITDA margin stood at 31.9%.
Tyser boosts Asia, MEA presence with senior hires
Jayees Ibrahim and Elias Nohra has been added to its Dubai team to enhance operations in Asia, MEA nd Africa.
APAC’s insurance rates in Q4’23 flat, rises 2% globally
This is the 25th consecutive quarter composite rates climbed.
Malaysian Re's conservative investments bolster balance sheet
AM Best forecasts strong capitalization for Malaysian Reinsurance Berhad.
Younger generation more inclined to purchase life insurance
Oliver Wyman Hong Kong reveals growing consumer focus on health and critical illness coverage, with younger demographics showing increased concern.
Prudential HK makes new appointments in management
Liang Huijia and Cai Mingxiong began their terms last December.
PICC’s 4Q’23 earnings to rebound: UOBKayHian
Improvements in underwriting and reduced natural catastrophe losses contribute to the outlook.
ICA CEO addresses House Committee, acknowledges failures in 2022 flood response
Despite the efforts of insurers and their personnel working around the clock, some systems and processes fell short, the CEO admitted.
Australian group advocates for strict regulation on genetic test use
The Council of Australian Life Insurers calls for gov’t regulation.
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