News
Mixed core profit reveals Japan top life insurers' disjointed investments
Only Dai-ichi Life posted higher core profit.
Mixed core profit reveals Japan top life insurers' disjointed investments
Only Dai-ichi Life posted higher core profit.
Chinese insurers pouring $36.6b into elderly care sector
Ten insurers have invested in 47 community care projects.
Regulators approve Taishin acquisition of Prudential Life Taiwan
Taishin will retain all Prudential employees and increase required capital.
Indonesia's IFG Life seeks more funds amidst Jiwasraya takeover
Extra funds will come from fundraising or new capital injections.
Strong domestic profits offset Japan P&C insurers' overseas FY2020 losses
Better results in auto and personal accident lines were the reasons.
Aussie life insurers post $774m net profit
Only ILS reported a profit amongst risk products for the year ended March 2021.
Hong Kong insurtech FuSure granted reinsurer licence
It is majorly owned by Tencent.
Pandemic worsening Indian non-life insurers' headwinds
Short-term operating pitfalls will affect earnings and capital positions.
Indian insurtech Plum raises $15.6m in funding round
The funds will be used to scale engineering, business and operation teams.
Philippine insurers to shift towards new accounting system by 2025
Insurers may start to adopt the PFRS 17 in 2023.
HK regulator fines two insurance broker firms for non-submission of financial docs
One of the firms has had its licence suspended.
HK regulator extends measures on non-physical product distribution
It covers the online distribution of QDAP, VHIS, amongst others.
China regulator proposes revisions on reinsurance
It seeks to tighten its watch especially on concentration and overseas risks.
Chubb makes senior management shuffles in APAC
It has also created a new role for consumer lines.
Philippine insurers shell out $80.93m in 2020 COVID-19 claims
Almost $25.4m (PHP1.22b) comprised death benefits.
Australia's HBF acquires CUA's health business
CUA will use the funds from the sale to boost its banking line.
China drafts tables to improve accident insurance pricing
The tables aim to weed out products with low compensation rates.
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