News
Bank of East Asia sells life insurance unit to AIA for $644m
BEA will distribute life savings products to retail clients in Hong Kong and the mainland.
ZhongAn Online P&C's 2020 net profit hits $85m
Gross written premiums grew 14.2% to $2.6b.
'Very few' digitalisation barriers for Singapore insurers: report
The central bank assumes a tech-agnostic regulatory approach.
Too early to estimate costs of Sydney floods: report
Suncorp and Insurance Australia Group have received 1,300 and 2,100 claims, respectively.
Indian regulator urges insurers to be more transparent
There should be systems for policyholders to track their claims.
China scraps foreign ownership cap on insurers, but adds security rule
A review shall be conducted if an investment affects or may affect national security.
Philippine non-life insurers stable but pitfalls remain: report
The sector had one of the highest five-year compound growth rates before COVID-19.
Fairfax Asia pushes cash offer for Singapore Re
Offer price is S$0.3535 per share.
Indian health insurers barred from raising premiums whilst upgrading plans
Insurers can still make minor modifications.
Singapore general insurers post flat growth in 2020
Underwriting profit reached S$237.3m.
FY2019-2020 significantly challenging for Aussie general insurers
Almost 33,000 code violations were reported.
Philippine insurers 'firm' despite shrinking capacity: report
Pricing has risen across several segments.
Positive momentum in China to prop up AIA's business growth
Strong capitalisation is likely to be maintained despirte headwinds.
Singapore opens proposals for integrated health claims platform
It aims to extend access to patients' insurance policy details.
Japan earthquake insurance gap at $25b: report
There is still underinsurance of seismic risk even if the share has risen.
Q4 2020 brings prosperity to Indonesian life insurers
Revenue surged 81.7% to $6.4b amidst economic improvements.
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Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
