Insurance
AIA S’pore launches Ultimate Critical Cover, S’poreans feel ‘inadequately protected’
A study was conducted which showed that respondents consider a median payout of $100,000 sufficient, short of the recommended $300,000 by LIA.
Japan earthquake could reach $1.8b insured losses – Verisk
The estimate focuses on insured property losses.
QBE Lenders' Mortgage Insurance shows promising stance in Australia market – S&P Global Ratings
QBELMI is expected to maintain its prominent position in the lenders' mortgage insurance market in Australia
Alfred Sham becomes interim CEO of Howden, new appointments in financial lines and M&A
Charles Yim and Hui Ling Wong joined as Associate Director, Financial Lines and Regional Director, M&A, respectively.
Prudential Hong Kong is ‘core’ subsidiary in next 2 years – S&P Global Ratings
The Hong Kong subsidiary is seen to contribute 15% to 20% CAGR to the parent company.
Allianz Malaysia registers record-high dividend payout
ICPS also reached its highest total dividend of 120.6 sen.
Reinsurance industry’s alternative capital sees best performance in 20 years
The strong performance of collateral returns contributed to one of the best years in the market's history.
Rising health and income concerns drive increased savings in Asia
A new Prudential survey revealed that Asians save a lot of money for health and income-related emergencies.
Zurich HK partners with Hutchison Telecommunications for travel insurance
The partnership aims to provide customers with a one-stop digital service experience.
Fitch Ratings expects Singlife acquisition to boost Sumitomo Life’s credit profile
The acquisition is still subject to regulatory approval in Japan and Singapore.
HKECIC, Dun & Bradstreet partner to launch Export Credit Risk Index
The index covers five key markets – Canada, China, Germany, the UK, and the US.
Tokio Marine Holdings completes sale of TMPI
Calvo Enterprises was the purchasing entity.
37% of S’porean businesses plan to explore coverage amidst high-risk environment
Cyber risk remains the primary concern of executives.
January renewals ‘smooth’, demand for property coverage increases: Aon
Despite challenges in regions with significant losses in 2023, pricing pressure on upper layers varied by region.
Rising S’pore EV registrations prompt insurers to evaluate premiums and coverage
Plugging into Lion City’s 80% emission cut goal, EVs bring progress and new risks for motorists.
Malaysia revises ceding-out rule of takaful risk to insurers amidst hardship cases
A licensed takaful operator is not permitted to distribute risks through a ceding-out arrangement to an insurer.
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