Insurance
Insurance sector second most wasteful in digital ad spend
Insurance sector second most wasteful in digital ad spend
A survey reveals APAC companies waste around 41% of media spend.
LIC IPO expected share sales drops to $6.6b
Initial reports predicted that the Indian life giant share sales would be at $8b.
Regulator confirms new insurance player coming to the Philippines
It will establish both life and non-life insurance firms in the country.
Indian insurers starts fiscal year with premium hikes
Health and cyber saw massive premium increases this year.
Sun Life Indonesia deepens bancassurance partnership with CIMB Niaga
This will effectively extend the two companies current partnership until 2039.
Resolution Life sets up rep office in Singapore
The firm plans to use this as a launching pad into Asian markets.
Coface expands footprint in New Zealand
The trade credit insurer is opening a local branch in the country.
Thai finance minister closes down two insurers over unpaid COVID-19 claims
They had their licences revoked after running out of money to pay their customers.
Hong Kong IA reopens offices to the public
Services will be limited to the those who made prior appointments.
Indian millennials: prudent but financially vulnerable —survey
Younger millennials have the lowest awareness about insurance.
LIC losing ground in India market share
Its competitors have projected double-digit growth from 2016 to 2020.
Igloo hires former Grab exec as new chief business officer
He was also a former executive from Alibaba.
China Life and Tokio Marine reveal cross-marketing partnership
This is to help promote both their insurance products in the market.
China logs biggest protection gap against natural disasters
The country has been plagued with major flooding events in the past years.
Generali acquires majority stake in India life venture
The firm now holds 68% of the total shares.
Taiwan life insurance suffers 21.2% YoY drop in profit in February
The non-life segment continues its outstanding performance compared to a year ago.
Customer satisfaction dips in Singapore insurance industry
The survey also revealed an increase in preference for digital channels.
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Industry experts push for the rapid progress of unified customer data as a starting point.
