Insurance
Australia private health insurance net profit surges by 107.8% in Q1
Australia private health insurance net profit surges by 107.8% in Q1
In the year to 31 March 2022, net profit after tax reached $1.42b.
Markel Singapore hires new trade credit and political risk underwriter
This will bolster the firm’s underwriting capability in Asia.
Manulife appoints new Asia chief
He is currently serving as the company’s Hong Kong CEO.
Asia’s insurance industry has the weakest growth—here’s why
Growth was heavily impacted by underperformance of several countries.
Nat Cat makes home insurance unaffordable in Australia
This could ultimately lead to underinsurance or no insurance at all.
Taiwan’s COVID-19 insurance claims may exceed $1.39b: regulator
7.6 million policies are estimated to have been sold by insurers in Taiwan.
Indian insurers forbidden from advertising services not part of cover
The regulator said this is ‘unacceptable’.
FWD gets greenlight for IPO
The group plans to raise $1b.
Allianz Malaysia reports over 100% increase in pre-tax profit in Q1
Both life and non-life segments saw an increase in gross written premiums in 2022.
South Korea’s non-life insurance market breaches $3b in net profits in 2021
Profits were boosted by improved underwriting performance.
Paytm launches joint venture general insurance firm
This comes after its initial intent to purchase a non-life business fell through.
Singapore-based insurtech anycover clinches $450k funding
The round was led by Powerhouse Ventures, with participation from 1337 Ventures.
Starr Insurance acquires Thai non-life insurer
The transaction is expected to close in the second quarter of 2022.
Igloo secures partnership with Thai telecom firm
Two new mobile insurance products will now be available in Thailand.
Beijing Nova Insurance enters partnership with Towngas Lifestyle
They aim to establish a joint working group for insurance brokerage.
India life insurers received $2.17b in COVID-19 claims
Data revealed that death claims rose dramatically in 2021.
Malaysia has sufficient capacity for flood insurance
However, unaffordability remains a tall hurdle.
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