Insurance
Philippines’ general insurance sector to grow 11.6% in premiums: GlobalData
Philippines’ general insurance sector to grow 11.6% in premiums: GlobalData
This is equivalent to P211.5b ($3.7b) gross written premiums.
Tokio Marine launches intelligence platform
Tokio Marine hopes to attract insurtechs for product development and innovation.
Ping An granted top 1% in ESG amongst Chinese firms: S&P
S&P Global debuts its China edition of the Global Sustainability Yearbook.
Fanhua appoints new co-chairman and CSO
Ben Lin has been appointed due to his extensive knowledge of the global insurance industry.
South Korea approves recovery plans of Korea Deposit Insurance Corporation
The plans of 10 D-SIFIs (2023) align with international standards and recommendations from the FSB.
Microsoft, Singlife push for AI adoption amongst insurers
Singlife is the first in its industry to collaborate with Microsoft for the programme in ASEAN.
Manulife Philippines names new CFO and CRO
President and CEO of Manulife Philippines emphasised the importance of appointing seasoned professionals.
Thai online insurance provider acquires FWD General Thailand
FWD General was previously acquired by Singapore-based bolttech.
China Life plans to boost services for mainland clients: report
Mainland customers drove new business premiums growth year-to-date.
Hong Kong’s insurance complaints rise 18.6% in 2022
About 359 cases were claim-related whilst 20 were non-claim related.
GIAJ names new chairman, introduces priorities for coming year
His key policies and initiatives involve digitalisation, climate change, and sector awareness.
Markel names ex-Swiss Re head of casualty as its Asia chief of underwriting
Kevin Leung was head of casualty and financial lines for APAC at Swiss Re.
Australia’s Fed penalises Insurance Australia Group
Its wholly-owned subsidiary provided misleading information over pricing discounts.
SK’s regulators to return KRW12.4t worth of unclaimed insurance funds
The sector is also planning to shorten the transfer process to KINFA by one year.
Profitability of Japanese non-life insurance to recover in 2024
It is anticipated that Japanese non-life insurance groups will uphold robust capital adequacy.
Reinsurer Canopius builds global cyber incident team
It consists of members from Sydney, London, and Chicago.
Prudential, Bangkok Dusit Medical Services team up to offer breast cancer services
This coverage includes treatment costs and specific accommodation expenses.
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