Insurance

Generali GC&C boosts Asia team

The insurer has appointed two new heads.

S.K.’s FSC raises KRW73.8t in policy funds for venture capital in FIs

This exceeded the initial supply plan of 66.7% by August and achieved 80.4% of the annual target.

The Philippines’ life insurance sector climbs 9.6% YoY in Q2

This was driven by the surge recorded in premium collections from traditional life insurance products.

GIAJ’s Chairman shares major initiatives to address shortcomings in the industry

It emphasises preventative measures against fraudulent insurance claims and prove-fixing practices.

Philippines’ Nat Re’s underwriting performance seen to improve: AM Best

Nat Re's enterprise risk management approach is appropriate for its current size and complexity.

Korean Re’s 1H23 earnings surge to KRW269b

Korean Re started reporting quarterly results based on IFRS 17 and IFRS 9. 

New business value in China’s insurance sector show strong growth in 1H23: UOB

It expects NBV growth in domestic and regional life insurance to diverge in the second half of 2023.

Canopius bolsters APAC team with two Australian members

The insurer aims to prioritise offerings in the Australian market.

Blue Cross APAC earnings remain ‘marginal’ thanks to integration

The company continues to benefit from both explicit and implicit support from AIA. 

Hotai Insurance to maintain strong capital stance until year-end

The prediction is due to the company’s improved balance sheet, attributable to its mitigation plan.

Top industry leader to speak at Insurance Asia Forum in Manila

Etiqa Philippines President and CEO Rico Bautista will discuss industry challenges and insurtech initiatives to aid in decision-making processes.

Korea’s foreigners face tighter insurance requirements: Report

Non-nationals will qualify for health insurance if their stay is at least six months.

MAS unveils list of too-big-to-fail insurers, imposes higher capital requirements

The four initial insurers are to face a 25% capital add-on, boosting higher and lower supervisory intervention levels, CET1 and  Tier 1.

Allianz Commercial to gain new head of construction next year

Before Darren Smart takes his role in 2024, Gordon Browne will continue to oversee his segment.

FSC to revise measures for pet insurance in SK: Report

Lack of veterinary treatment and limited public awareness of pet insurance has been a factor in the small market penetration.

Miller assembles APAC treaty team

This comes in line with its goal of expanding its reach in the region.