News

Asia’s life business to grow 7.5% in 10 years: Allianz

The region is expected to be a major growth driver in the industry.

Asia’s life business to grow 7.5% in 10 years: Allianz

The region is expected to be a major growth driver in the industry.

Fortitude Re inaugurates Tokyo Representative Office

It also announced the appointment of its Tokyo Chief Representative.

Aon opens climate innovation hub in Singapore

The climate hub will be housed in the Aon Centre for Innovation and Analytics.

Australia’s Mavco Insurance gets acquired by Gallagher

Gallagher Australia’s offices will absorb Mavco’s employees.

QBE gross written premiums up 11% in Q1

The insurance firm expects to record a 10% growth for 2023.

VINARE to maintain robust performance: AM Best

Its return-on-equity ratio for the past five years proved better incoming performance.

AXA's gross premiums up 1% in Q1; life, health premiums fall

Its growth was driven by the property and casualty segment of the insurance firm.

Rising interest rates prompt insurers to reevaluate alternative asset allocations

Insurers shift focus to private debt and infrastructure debt as yields rise on core fixed-income investments.

Generali launches Malaysia unit post-acquisition of AXA Affin

The transaction valued the acquired companies at RM1.29b.

Agricultural households covered skyrockets in 2022 vs 2010: Korea Re

This was boosted by the agricultural and fishery disaster insurance scheme.

Ping An paid out over 200 million cases in 2022

P&C claims had the most paid coverage with RMB194b.

Singapore’s life insurance industry down in first quarter

Annual premiums surged 24.7% on a quarterly basis.

AEON Retail partnership will offer device protection for Malaysians

It can cover smartphones, tablets, and other home appliances.

Starr Insurance puts up Labuan branch, Malaysia

The Labuan Financial Services Authority granted the insurer a general license.

Manulife HK and Macau insurance sales rise 26% to HK$1.66b in Q1

Critical illness plans and deferred annuity plans increased by over 40%.

Insurers see changing attitudes towards health and wealth amidst economic crisis: Manulife

70% of people in Asia express confidence in achieving their personal finance goals, with saving for retirement as the top priority.