Insurance
FSC revises fire insurance, extends scope and coverage to other building types
FSC revises fire insurance, extends scope and coverage to other building types
This revision aligns with the compulsory fire insurance requirement in Korea.
Hang Seng Bank launches investment and life insurance plan
70% of Hong Kongers were unprepared for their parents' healthcare costs and children's educational expenses.
Partner insurer payout leaps 23% YoY through Ant Group's insurance arm
Health insurance claims contributed about 5 million claims processed by partner insurers on Ant Insurance
Excess of loss pricing in APAC reverts to pre-2023 levels amid market stabilisation
The renewal season reflects significant changes in market conditions compared to the previous year.
WTW welcomes new head of global services and solutions
Clélia Grech will take on her new role with WTW based in Hong Kong.
India's life insurance sector slows in FY24 after a robust FY23
Policy purchases in March 2023 ahead of budgetary changes subdued FY24.
Reinsurance capital rebounds, 2024 could register a tepid $561b
AM Best's projected 12.2% growth in traditional reinsurance capital for 2023 may be sufficient, given potential variations based on capital deployment...
Income Insurance shares enter private securities exchange through partnership
Digital securities exchange for alternative assets in Southeast Asia, Alta, has partnered with PhillipCapital to launch this new venture.
Prudential partners with CIMB Thai for bancassurance venture
The partnership grants Prudential access to CIMB Thai’s customer base and branch network in Thailand.
IRDAI grants operating license to new insurer, breaks 5-year grap since last entrant
Notably, this is the fifth registration granted by the IRDAI across the industry in approximately the last year.
Korea's driver insurance booms, navigates regulatory challenges
CAGR from 2016 to 2022 reached 8.6%.
WTW reveals two new appointments in Singapore team
Ernest Heng has been appointed as the head of specialty whilst David Ng as head of client services in Singapore.
Janet Chin becomes Tune Protect Re’s CEO
She has more than 26 years of experience in the financial services industry.
IAG affirms catastrophe reinsurance programme
About 17,000 claims were filed in December alone.
Disinformation and misinformation are top risks in 2024 – WEF
Two-thirds of experts anticipate a multipolar or fragmented order in the next 10 years.
SG promotes proper culture and conduct amongst general insurers
The ICCSC hopes to ensure that general insurers maintain and improve professionality to grow customer’s trust.
Philippines introduces insurance programme for crucial gov’t assets
The programme will cover 132,862 school buildings nationwide, valued at over P800b.
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