News
LIAM re-elects Raymond Lew as president
Lew holds over 30 years of experience as chief executive officer and president of Sun Life Malaysia Assurance Berhad.
LIAM re-elects Raymond Lew as president
Lew holds over 30 years of experience as chief executive officer and president of Sun Life Malaysia Assurance Berhad.
Sun Hung Kai Properties Insurance de-risking exposure improves bond credit quality – AM Best
The insurance company de-risked majority of its bonds in China in 2023.
AM Best affirms Hollard Insurance’s outlook as stable
The company’s strong financial flexibility is attributed to shareholder support, including capital injections and hybrid debt issuances.
HKIA and HKPF inks MOU on a joint framework for legal services
The agreement will ensure the insurance market’s reliability and security.
Insurers brace for record Baltimore bridge claims
The Singapore-flagged container ship Dali was initially bound for Sri Lanka.
Insurers to use 40% AI with synthetic data by 2027
18% of businesses are using synthetic data to comply with privacy regulations and enable secure data exchange.
Singlife and iAPPS Health launch exclusive group plan
The plan is open for individuals aged 18 to 70 years old.
GIC finishes acquisition of majority share in Miller
GIC bought the entire share of Cinven in Miller.
Taiwan's insurance sector profits reach $1.8b
Life insurance accounts for 94.4% of the total.
Hanoi Re faces elevated expense ratio challenges – AM Best
As one of the two domestic reinsurers in Vietnam, Hanoi Re has a moderate underwriting risk.
Malaysia's insurance industry grows 7.8% in 2023
On the other hand, underwriting profit contracted by 26%.
Transactional insurance hits $49b in ‘challenging year’ – Marsh
Marsh said that it experienced its third-busiest year on record.
Asia's protection gap leaves $59b uncovered – Aon
Losses from natural disasters left the region 48% lower than the 21st century average.
Generative AI to boost the insurance sector by $50b
Investing in generative AI could boost revenues by 20% and minimise costs by 15%.
Lloyd’s sees 11.6% gross written premiums surge in 2023
Its overall profit before tax stood at $13.5b.
MSIG beefs up overseas students' coverage
It plans to extend the protection to the insured student’s spouse and up to five children under the policy.
S&P predicts modest capital upkeep for PICC Group amidst market changes
The insurance group benefits from risk diversification, supporting its capital adequacy.
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