Insurance
Taiju Life Insurance halts sales of COVID-19 cover
Taiju Life Insurance halts sales of COVID-19 cover
This comes amidst a surge in Omicron cases in Japan.
HSBC targets expanding stake in Indian insurer
The firm plans to buy PNB’s shares in Canara HSBC.
Asia commercial insurance pricing surge continues rate of decline
The increase which began in 2020, has slowed down significantly in 2021.
Meiji Yasuda Life to invest $43m in new ESG engagement fund
This is part of a business alliance with SDG Impact Japan.
HK Insurance Authority shuts down offices amidst new Omicron threat
Majority of employees are ordered to work from home.
Philippines’ COVID-19 insurance claims balloons to $240m
Bulk of the claims were paid from January to September last year.
Thai insurance regulator assures policyholders amidst insurer shutdown
Southeast Insurance recently announced cessation of operations.
How YAS MicroInsurance puts a price on non-fungible tokens
They are one of the first insurtech firms to insure NFTs.
Ping An gets green light to restructure New Founder Group
Ping An will pay $7.6b to acquire 66.51% equity interest in New Founder Group.
Indonesia life insurance industry to grow to $17.4b in 2025
After rebounding in 2021, the industry is set for a massive growth trajectory.
Philippine non-life insurer group bucks jacking of capital requirement
The group said the P900m capital requirement is sufficient.
HK Insurance Authority fines insurers HK$7m for breaking regulatory laws
The two insurers broke anti-money laundering and counter-terrorism laws.
FSC slaps KR₩155m fine to Samsung Life over unpaid insurance claims
FSC found the insurance firm in violation of the Insurance Business Act.
PH establishes supervisory college for financial conglomerate supervision
Financial sector regulators recently signed an MOU.
OJK promises balance in insurtech and consumer protection
Indonesia has a growing adoption of digital tech in the insurance industry.
Taiwan life insurance profits climbs by 88.5% to $13.97b
Insurance industry’s profit for 2021 reached $14.78b
Southeast Insurance ceases operations amidst mountain of COVID claims
The company said it cannot pay all the claims for all of its COVID-19 policies.
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