insurance
Russian marine insurers secure India's approval: Report
The approval came after the Russian National Reinsurance Company provided financial guarantees.
Russian marine insurers secure India's approval: Report
The approval came after the Russian National Reinsurance Company provided financial guarantees.
IRDAI explores improved insurance distribution methods
Participants discussed industry readiness for transitioning to Risk-Based Supervision and Capital frameworks.
Prudent underwriting boosts Shinkong's claims experience: AM Best
The company saw a double-digit growth in capital and surplus in 2023.
Four key policies to change Vietnam’s health insurance law
93 million Vietnamese individuals have health insurance.
The global insurance market projects a 4.5% CAGR increase by 2027
Demand for car and travel insurance is increasing, amidst mandatory coverage.
30% of Malaysian millennials grasp insurance basics
66% of Malaysians feel like they can reach their long-term financial goals.
Low penetration rates challenge Indonesian insurance
Innovations and regulatory support to help drive growth in the insurance sector
Credit insurance drives BRI's premium increase: Fitch Ratings
The insurer holds a 3% market share in Indonesia’s non-life industry, as of 2023.
Towngas, FSE Nova commit to expanded insurance cooperation
It plans to invest more resources to offer insurance broker services to Towngas’ customers in HK and the mainland.
Actuaries Institute calls for superannuation test revamp
The proposed two-metric test would introduce a new measure based on risk-adjusted performance.
Noto earthquake saw $480m claims paid – GIAJ
Total claim payments received were 81,544.
WTW’s net income falls 6% YoY in Q1'24
Diluted EPS for the quarter was at $1.83.
UAE mandates employer-paid health insurance to foreigners
This requirement has already been enacted in Abu Dhabi and Dubai.
ARPC simplifies reinsurance for terrorism risks
Insurers must cover eligible policies in a declared terrorism incident, though scheme participation is voluntary.
MSIG Singapore to maintain footing from parent support: S&P Global
S&P Global Ratings said the insurer will remain highly strategic.
Over 1.12 billion in China receive health e-certificates
The e-certificates enables individuals to present a QR code instead of physical insurance cards.
Malaysia’s general Takaful payouts up 24.4% in responsiveness
MTA anticipates steady industry momentum in 2024.
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Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
