Insurance

Korean reinsurance jumps 15.3% in 2022

There is higher demand for reinsurance and co-insurance, Korea Re said.

Philippine life insurance up 3.30% in first quarter

Total assets accumulated for the quarter reached P1.71t.

Chubb appoints new COO of global reinsurance

This appointment is effective immediately.

Allianz Global announces new CFO for corporate and specialty

Claire-Marie Coste-Lepoutre will take over Oskar Buchauer.

Australian regulator flags Medibank for cyber incident

Medibank will face an AU$250m ($168m) increase in its capital adequacy requirement.

Fubon Insurance surplus to keep momentum after capital injection: analyst

The insurance company was also described to have an adequate balance sheet.

Mitsui Sumitomo Insurance's strategic initiatives to drive performance: AM Best

Potential risks may arise from MSI’s stock investments and bond holdings.

Singlife allies with Aspire to enhance financial accessibility of SMEs

SMEs can access services, including financial software and affordable business insurance.

Asian Re should improve business plan for better underwriting output: AM Best

Asian Re is anticipated to face ongoing market and regulatory challenges.

Global protection gap reaches $1.8t in 2022

Asia Pacific among emerging economies to witness improvement in natural catastrophe resilience.

Hong Leong Bank, Chubb Life collaborate to offer life insurance in Vietnam

The bank’s range of life insurance solutions is in line with its goal of financial inclusion.

Hong Kong life insurance market to improve in two years: S&P

The life segment is predicted to jump by 20% o 25% in 2023.

Aspen names new chief operations officer for insurance

Robert Tartaglia will begin his new role as COO on 3 July.

AXA, Carbon Wallet partner to reward green lifestyle

This partnership incentivises actions toward a sustainable lifestyle.

NEXEA allies with Allianz, Exitra, Spritzer for start-up support

The collaboration aims to boost the growth of the startup ecosystem in Malaysia and beyond.