News
Losses continue for Australian life insurers
Risk products posted a combined net loss of $379m in December 2020.
Losses continue for Australian life insurers
Risk products posted a combined net loss of $379m in December 2020.
Australian insurers' capacity shrinks: report
Several classes have experienced premium hikes.
Taiwan insurers' 2020 pre-tax profit jumps 30.7% to $8.35b
The buoyant stock market drove the growth.
Hongkongers more keen about retirement planning now: report
But there is still room for improvement in terms of actual performance.
India mulls capping banks' ownership stakes in insurers
It suggests that the central bank is looking for uniformity in ownership rules.
Micro-insurance products enter Singapore to combat risk aversion: report
Credit insurance has become more diffifcult.
South Korea opens consultation on short-term insurance policies
Revisions include a $1.8m minimum capital requirement for insurers offering such plans.
Chinese insurers hinge on digitisation to boost competitiveness
But upfront investments may undermine near-term performance.
Pandemic mostly hit Malaysian insurers' top lines: report
In terms of bottom line, the sector sees strong underwriting results.
AXA Asia FY2020 gross revenue jumps 11% to $13.3b
Underlying earnings in the region inched up 4%.
Aegon mulls sale of Transamerica Asia business
A sale could possibly fetch $700m.
Hong Kong proposes two-year ILS grant scheme
The amount of grant per issuance will be capped at HK$12m.
APAC insurers grapple to preserve capital buffers amidst volatility
Low interest rates are pitfalls as it cuts income from investment holdings.
Singapore regulator to amend ERM rules for insurers
It wants to boost liquidity risk management and stress testing.
Allianz APAC posts 15.4% 2020 operating profit jump to $670.9m
Both its life & health and P&C segments reported strong growth.
Philippines to launch catastrophe insurance facility in Q1
It will allow insurers to take in more catastrophe risks.
GWP of Indonesian general insurers to hit $5.17b in 2025
The sector is expected to recover 2.9% in 2021.
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