Insurance
Yong An Insurance maintains stable outlook, strong capitalization – Moody's
Yong An Insurance maintains stable outlook, strong capitalization – Moody's
Despite government support and brand awareness in Shaanxi, the insurer faces challenges in expanding its market share in the medium to long term.
Cover Genius enters partnership, offers ‘cancel for any reason’ travel coverage
Travellers can now safeguard every aspect of their journey, from illness to public transport disruptions and extreme weather.
S.K.’s FSC urges MyData regulation overhaul, fair pricing and streamlined processes
The proposed changes aim to establish reasonable standards for the pricing of data transfer costs, ensuring a sustainable operational environment for...
Oona Insurance buys 40% stake in Philippine branch from InLife
This will make Oona the sole owner of Oona Philippines.
AM Best forecasts stable medium-term growth for Meritz Insurance
The assessment mirrors Meritz's robust balance sheet strength,
Arthur D. Little sees embedded finance growth to $350b in 2024
Generative AI and the expansion of fintech brands into the insurance sector are predicted to propel the industry’s advancement to new heights.
Recent regulatory changes to boost Taiwan’s life insurance sector: Fitch Ratings
New measures extend the adjustment period for insurers to adapt product and investment strategies to meet capital requirements by 2026.
65% expect surge in insurance M&A in HK and S’pore for 2024: Survey
Diversified investments, consolidation, new tech, and emerging regulations drove this sentiment upward.
HKIA seeks public input on subsidiary legislation for risk-based capital regime
This consultation comes after the implementation of the Risk-based Capital (RBC) regime.
APRA urges collaboration for sustainable super life insurance
A survey was conducted to assess how the life insurance and superannuation industries are responding to the issue of sustainability.
Korea’s life insurance sector jumps 49% YoY year-to-date
It accumulated a total of $3.3b in net income.
Japan’s fundamentals to stay healthy in 2024 – Fitch Ratings
Japanese life insurers are likely to increase their investments in super-long government bonds in 2024.
Philippines’ insurance industry expands 9.38% YoY in Q3
Both its life and non-life insurance segments saw double-digit growth in earnings.
Inflation hits non-life insurance hard, property and motor sectors face uphill battle: Malaysian Re
The main impact of inflation on insurers' balance sheets is likely to be an increase in claims costs.
Global economic slowdown fueled by increased interest rates from major banks
Asia Pacific's insurance premiums are expected to climb 2.3%. In the next two years.
Fidelidade Macau’s capital adequacy ‘strong’, parent to keep it steady – Fitch Ratings
Its parent company is viewed as essential to the subsidiary, leading to a one-notch uplift to its standalone credit quality.
7 out of 10 HK’ers prefer to have private health insurance for improved wellbeing: Survey
High stress and burnout were expressed by Hong Kongers which resulted in the decline in vitality levels.
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Industry experts push for the rapid progress of unified customer data as a starting point.
