insurance
Gallagher Re calls for nuanced view of PE-backed reinsurers
Critics warn of short-term profit strategies risking stability and trust.
Gallagher Re calls for nuanced view of PE-backed reinsurers
Critics warn of short-term profit strategies risking stability and trust.
Global exposure growth reaches 11.7% YoY
IED for Wind Japan was stable against the Yen.
China boosts financial services to advance new industrialisation
Insurance funds should provide long-term stable financial support.
Asia energy firms seek lasting insurer partnerships
Widening desirability gap favours high-end clients, possibly easing rate trends in 2024.
South Korean insurers adapt to new regulations
Regulatory changes prompt tax benefits to rise and the government to support overseas expansion.
KDB Life grapples with high leverage, Fitch reports
The insurer’s CSM increased in 2023, reflecting a focus on profitable policies.
Elevated risk environment prompts challenges for reserve management
Aggressive inflation has complicated loss predictions and could underestimate severity.
Gov’t streamlines China’s medical insurance reimbursement system
One of the payment methods will offer a QR code option.
TREIF estimates $23.5m in losses from more than 450 claims
Guy Carpenter notes that the full extent of the quake’s impact on the industry is yet to be determined.
Aon appoints new CEO for Reinsurance Solutions in India
Shailendra Sapra will be based in Mumbai.
25% of employers to enhance insurance coverage in the next two years
More than half of companies are already offering health and wellbeing benefits.
Management addresses market demands at Jefferies call
Debt leverage remains within substantial headroom.
S. Korean insurers see income surge 46% YoY in FY’23
Total premium income was down 6.0% year-on-year.
Taiwan appoints Peng as FSC chair to enhance financial hub
Peng Jing-Jung is also an associate dean of the College of Commerce at National Chengchi University.
Vietnam's insurance premium revenue dips 4.3% in Q1
The decrease rate has slowed compared to previous quarters.
BNP Paribas to acquire Fosun’s 9% stake in Ageas for $774m
The acquisition will be done in two tranches.
Nippon Life establishes new subsidiary in Mumbai
Nippon Life has been operating in India through life insurance and asset management businesses.
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Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
