Insurance
Allianz S’pore will improve premiums in the next two years – S&P Global Ratings
Allianz S’pore will improve premiums in the next two years – S&P Global Ratings
Problems may still rise if the insurer deviates from strategise or faces funding challenges.
HK residents hesitant in long-term financial planning – Prudential
Despite setting savings targets, individuals face challenges in achieving financial freedom, as 52% of their income goes towards daily expenses.
MS Amlin opens financial lines in Middle East
Tom Horswill will lead this new venture.
AIA Hong Kong debuts high-return multi-currency plan
Key features include an expected Total IRR exceeding 7%.
Reinsurance likely to face ‘cyclical and structural change’ in 2024: Howden
In other aspects, supply has met the demand for insurance products – a shift from recent market volatility.
Sumitomo Life buys Singlife shares from TPG, plans full ownership
The deal values Singlife at S$4.6b.
Swiss Re upbeat about growth of insurance sector
As a cautionary note, an economist said fixed annuities face potential decline as higher Interest rates shift consumer preferences.
Australia ready to take hit from Queensland cyclone and flood damage: S&P
The state could face higher spending in the next few years.
FWD HK sees Q3’23 new business climb 25% YoY
It attributed its performance to their focus on the local market, coupled with proactive efforts to meet the demands of the Greater Bay Area.
HKIA stamps six-year ban on ex-agent for embezzlement and mishandling of premiums
The former insurance agent admitted wrongdoing during the IA's investigation.
See you in 2024!
We’re taking a short break.
Hong Kong’s top 50 insurers experience 7.7% YoY premium contraction in 2022
Analysts said the market’s complex financial environment and shrinking population curtailed industry growth. Cross-border expansion could alleviate...
Japan plans of space tourism insurance by 2030: Report
The plan is to provide coverage for injuries and other issues that could arise during space travel, akin to conventional travel insurance policies.
United India Insurance eyes retail cybersecurity insurance: Report
The policies will offer insurance coverage to refurbish or replace the affected gadgets and expenses towards retrieving data.
Thailand to offer health insurance for non-locals: Report
It aims to expand healthcare for stateless and non-Thai individuals.
India's non-life industry slows down in November
The slow expansion was attributed to sluggish performance in health and motor third-party insurance, along with a decline in crop insurance.
JFTC storms four big Japanese insurers for alleged cartel behaviour: Report
The insurers are suspected of using co-insurance policies as a mechanism for coordinating and fixing premiums.
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