Insurance
Mitsui Sumitomo to buy US reinsurance broker for $400m: report
Mitsui Sumitomo to buy US reinsurance broker for $400m: report
The Japanese property insurer aims to expand its reach into the reinsurance business.
Marine, aviation, and transit insurance in APAC to balloon to $16b by 2026
It is estimated to grow at a CAGR of 6.4%.
General takaful drives Malaysia’s non-life insurance growth
Non-life grew by 4% in 2021.
Manulife Hong Kong launches new critical illness plan
The maximum payout could reach a potential HK$1m.
AXA reaches in $5.77b in gross revenues for Asia in H1
The insurer’s P&C business in the region grew by 7% YoY.
Generali reveals H1 financial results
P&C insurance line boosts premium growth for the insurer’s H1 performance.
Hong Kong receives fewer insurance-related complaints in H1
Complaints about conduct have the most significant number.
Great Eastern profits surge 11% to $365.5m for H1 2022
Shareholder profits, however, declined 25%.
Asia commercial insurance pricing increases sluggish in Q2
Pricing increased just 3% for the region, the same as last year.
Taiwan insurers cough up over $1b in COVID-19 claims
Some insurers took to selling properties to increase cash reserves.
Redefining insurance over the next decade
Insurance providers must lay the transformation groundwork for innovation now.
The cost of insurance in a digital world
As more businesses grow their presence online, cyber insurance is slowly gaining traction.
Singaporean woman faces jail time for fake travel insurance claims
Her fraudulent insurance claims amounted to more than $10k.
Nat cat will to hurt Australian property insurers profit margin: analyst
Increasing claims have pushed property insurers' loss ratio to 84.6%.
Sun Life launches program to build “multi-generational” advisory force
Under the Agency Legacy program, advisors are encouraged to recruit members of their family.
Positive experience boosts Hong Kong’s retirement mastery index score
The city’s score went up from 4.8 to 61.1 in the Sun Life Retirement Mastery Index.
Taiwan general insurance industry pre-tax profits plummet by 484.4% in June
The life insurance industry's pre-tax profit drop however slowed down to 17.3%.
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