Insurance
Sompo International taps Alasdair Walker as regional head for distribution insurance
He will oversee the distribution insurance segment in the APAC region.
Allianz Malaysia shows promising first-half performance
Both its life and general insurance subsidiaries also saw increases in revenue.
SG’s Income Insurance, Swiss Re reveal first post-cancer term option
The coverage is available to patients aged 74 to 54 years old.
Top 20 APAC insurers average 8.2% in premium growth – GlobalData
Rate hikes and macroeconomic uncertainty remain a concern for APAC insurers.
IAG reports year end results, insurance profit surges 37%
Operating costs stayed within its target for the third consecutive year.
Hyundai Insurance underwriting dips in H1 ‘23
Its net income also saw a 15.8% contraction to KRW578b.
Taiwan’s life insurers buckle up for capital standard implementation by 2026
Life insurers are expected to move towards health and accident policies in the next two years.
AIA sees new business value jump 37% YoY in the first semester
This was mainly driven by the economic reopening in China and Hong Kong.
Insurance is not top priority amongst Singapore’s Gen Zs and millennials: Poll
Only 20% have thought of retirement plans whilst 14% are interested in insurance.
India imposes new tax exemption rule on policies amounting to more than INR500,00
This could negatively impact traditional insurance policies.
China’s insurers to take a hit from elevated risk in trust sector: Fitch Ratings
Risk could affect more financial entities if China's economic recovery slows down and the property sector's distress persists.
Aon announces new head of Greater China
Lu will oversee the integration of Aon's Risk Capital and Human Capital capabilities.
About nine in 10 elderly in India do not have health insurance plans
This is equivalent to 135 million elderly in India.
Budget Direct Insurance offers free motor insurance
The promotion can potentially give a reduced premium or a cost-free insurance plan.
Japan’s insurance claims reach Y23.9b end-July – GIAJ
Heavy rainfall at the beginning of the month was noted by the association.
Unrealised losses to fly by top 20 reinsurers: S&P Global
About 25% of the total unrealised losses will reverse by the end of the year.
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Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
