News

Taiwan insurance sector faces $5.27b risk exposure to Russia

Taiwan's total financial risks in all sectors are expected to reach $8.2b

Taiwan insurance sector faces $5.27b risk exposure to Russia

Taiwan's total financial risks in all sectors are expected to reach $8.2b

Prudential announces hunt for next Asia-based group CEO

Current group leader Mike Wells will be stepping down by the end of March.

Manulife Singapore launches inheritable lifestyle insurance

The product allows you to give loved ones the entirety of the policy.

Manulife reports whopping C$7.1b net income in 2021

Surge in profits mainly driven by global wealth and asset management growth

Chubb SG and StarHub launches insurance coverage against cyber-bullying

The product will also protect customers from other online threats.

Chubb offers free cancellation and refund on travel policies in Singapore

This is for all Chubb-underwritten individual Single-Trip travel policies.

Australia life insurance industry turns profitable in 2021

Return on net assets increased by 3% for 2021, up from -6% in 2020.

Allianz General sees 22% surge in special perils cover in car insurance

Recent floodings have raised questions about insurance protection in Malaysia.

Taiju Life Insurance halts sales of COVID-19 cover

This comes amidst a surge in Omicron cases in Japan.

Singapore releases methodologies on responsible use of AI by financial institutions

The Veritas Consortium also released an open-source toolkit to help with adoption.

HSBC targets expanding stake in Indian insurer

The firm plans to buy PNB’s shares in Canara HSBC.

Asia commercial insurance pricing surge continues rate of decline

The increase which began in 2020, has slowed down significantly in 2021.

Meiji Yasuda Life to invest $43m in new ESG engagement fund

This is part of a business alliance with SDG Impact Japan.

HK Insurance Authority shuts down offices amidst new Omicron threat

Majority of employees are ordered to work from home.

Philippines’ COVID-19 insurance claims balloons to $240m

Bulk of the claims were paid from January to September last year.

Thai insurance regulator assures policyholders amidst insurer shutdown

Southeast Insurance recently announced cessation of operations.