Insurance
Aditya Birla Capital mulls sale of insurance brokerage arm
Aditya Birla Capital mulls sale of insurance brokerage arm
The insurance firm is seeking to restructure its financial services business.
Marsh Malaysia appoints Chou Sean Chong as CEO
Chou will be based in Kuala Lumpur.
WTW appoints APAC head of crisis management
The new head will be based in Singapore.
Blue Cross launches mega sale of travel cover
Customers can get up to 79% off when they buy travel insurance.
GIA’s system detects fraud overlooked by insurers
The Fraud Management System uses data analytics and AI that analyse suspicious claims.
Hong Kong unveils development roadmap for insurance sector
The government aims to strengthen the city’s role as a sophisticated insurance hub.
FWD Group launches VC fund for investment in Malaysian insurtechs
The VC fund is in collaboration with Artem Ventures.
Hong Kong regulator warns against fake Sun Life websites
The IA stressed that any insurance business operating in the city must be authorized by it.
Insurtech Igloo extends Series B funding round at $46m
It initially raised $19m.
The triple threat for marine insurance
These threats are causing the industry $9.53b worth of losses.
Tokio Marine increases stake in Indonesian JV to 80%
It acquired 20% of shares from its JV partner.
Allianz Malaysia records 9.4% GWP growth in first nine months
The group’s total assets grew by 4% as of September 2022.
Generali Asia names new Hong Kong CEO
The new CEO has been with the company since 2016.
Taiwanese insurers and banks decreases exposure to China to record low
Aggregate exposure through loans, investments, and deposits contracted by 1% sequentially.
Chubb gets regulatory nod to increase stake in Huatai to 83.2%
Huatai is a holding firm for several companies in China.
nib purchases New Zealand travel insurance provider OrbitProtect
OrbitProtect was first established in 2005.
Electric vehicles to drive motor insurance growth in South Korea
The number of insured EVs tripled from 2018 to 2021.
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